CAs ought to maintain highest level of ethics and integrity: Delhi HC

Council Of ICAI Vs. Ashok Kumar & Anr. (Delhi High Court) Issue No. 1: Irregular allotment of 1,17,200 shares of BFSL involving irregular subscription for 2 7,00,000 shares with an application money of Rs.2. 7 crores by way of stock invests issued by Sangli Bank, Karol Bagh, New Delhi. 23. On this issue, the investigation of SEBI had revealed that there were 27 applications for 1 lakh to 1.2 lakh shares each, involving the application money of Rs. 10 to 12 lakh each. These applications were accompanied by stock invests issued by Sangli Bank, Karol Bagh, New Delhi and were allotted 4,000-4,...