Case Law Details
V. Venkata Siva Kumar Vs Institute of Chartered Accountants of India (Madras High court)
Madras High Court directed the Chartered Accountant, who raised several allegations against the then President of the Institute, that if he is confident about the irregularities and has materials on record to establish the allegations, he is at liberty to register a case before the Competent Authority, including the Central Vigilance Commission or the Jurisdictional Police or otherwise.
Facts- The petitioner is a Chartered Accountant. The grievance of the writ petitioner is that certain irregularities occurred while taking a decision for developing Research and Study Centre and in this regard, the Chartered Accountants of India have taken certain serious decisions without following the procedures, which resulted in financial loss to the Institute during the relevant point of time.
The petitioner raises several allegations against the then President of the Institute and further states that he acted for personal gains and the decisions taken by him were non-transparent, which resulted in financial loss to the Institute.
The Council Members at large have raised their objections and allegations and those objections were not considered by the Institute nor a proper enquiry or investigation was conducted and therefore, the petitioner is constrained to move the present writ petition.
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