Case Law Details
In this case it was held that issuance of advertisements offering to take coaching classes and to impart of training to aspirants of the profession of chartered accountancy, cannot be said to be carrying on the profession of chartered accountancy.
The petitioner has filed the present contempt petition contending that the respondent has wilfully violated the statement given to this Court on 14.03.2016 in W.P.(C) No.2130/2016.
In W.P.(C) No.2130/2016, the respondent impugned the report dated 06.11.2015 issued by the Board of Discipline of the Institute of Chartered Accountants of India whereby the petitioner had been held guilty of “other misconduct” falling within the meaning of clause (2) Part-IV of the First Schedule to the Chartered Accountants Act, 1949 (hereinafter referred to as “the Act”)
During the hearing of the said petition on 14.03.2016, the respondent herein (petitioner in the said petition) gave the following statement:-
“At this stage, Mr. Amit Sibal, learned senior counsel for petitioners on instructions, without prejudice to his client’s rights and contentions, states that petitioners shall voluntarily not practice the profession of Chartered Accountant till the next date of hearing.”
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