Chartered Accountant Institute can suo moto initiate disciplinary proceedings against its member

C.A. Sanjay Jain Vs Institute of Chartered Accountants of India & Ors. (Delhi High Court) Delhi High Court held that Section 21 of the Chartered Accountants Act, 1949 provides suo moto power to the institute to initiate disciplinary proceedings against its member without any written complaint/ allegation. Facts- These writ petitions raise the important question of whether the Institute of Chartered Accountants of India could be recognized to have a suo moto power to initiate disciplinary proceedings against its members. The question revolves around the meaning to be ascribed to the word â€...