Disciplinary action against CA based on report that was merely cut-paste job cannot be sustained

Advertisement Council of Institute of Chartered Accountants of India Vs S. N. Valera (Gujarat High Court) Gujarat High Court held that recommendation of name of Chartered Accountant from the Register of Member based on disciplinary committee report quashed as report was merely a cut-paste job without any independent finding. Facts- The respondent was empaneled by the Central Registrar of the Madhavpura Mercantile Cooperative Bank Ltd., Ahmedabad, which is registered under the Multi State Cooperative Societies Act, 1984. There was a huge scam, which is well known as MMCB scam in the year 20...