ICAI cannot conduct disciplinary proceedings without written allegations

Manubhai And Shah LLP Chartered Accountants Vs Secretary, ICAI (Gujarat High Court) Conclusion: ICAI had no power to conduct any disciplinary proceedings without written allegations and in the absence of any information as prescribed under Rules 7 of the Rules 2007 the prima facie opinion derived by the authority lacked jurisdiction and had no foundation. Held: Assessee-chartered accountants was a Limited Liability Partnership (LLP) entered into a Representation Agreement with HLB International Ltd (“HLBI”) for providing common platform to the members of HLBI for sharing relevant knowledge...