ICAI Should Give Reasons for its Decisions to De-Register A CA: SC

D.K. Agrawal Vs Council of Institute of Chartered Accountants of India (Supreme Court of India) Hon’ble Supreme Court held that the Council of Institute of Chartered Accountants of India (Respondent) needs to necessarily record reasons in its report as to why a CA must be de-registered. It has been held that the Respondent needs to give its own independent findings while accessing the need of de-registering a CA for misconduct instead of making recommendations mechanically. The same was absent in the present case. Hence, the appeal was allowed. Facts: D.K. Agrawal (“Appellant”) is a char...