Delhi HC Suspends CA for One Year in SEBI Stock-Invest Manipulation Case

Council of Institute of Chartered Accountants Vs Kishan Gupta And Anr. (Delhi High Court) Delhi High Court held that reference by Council of ICAI for suspension of name of CA from register of Member for period of one year is accepted since professional misconduct of CA i.e. manipulation of public issue and ante-dated stock-investment duly established. Facts- The SEBI wrote a letter dated 10.06.1999 to the petitioner pointing out certain irregularities in the public issue of BFSL. The respondent no. 1 herein is a qualified Chartered Accountant and member of the Institute of Chartered Accountan...