Subam Benefit Fund Nidhi Ltd faces penalties for non-compliance with Section 117 of the Companies Act, 2013, for FYs 2017-18 and 2018-19.
Committee concluded that there were indeed non-compliances in the financial statements audited by Pachkhede, relating to various accounting standards and reporting requirements. These errors were considered to constitute professional misconduct as per the Committee’s Findings dated February 7, 2024.
Disciplinary Committee found CA. Keshav Vishwanath Chaubey guilty of professional misconduct for various deficiencies in his audit work. Despite the respondent’s personal difficulties, the Committee determined that his actions constituted a breach of professional standards and warranted disciplinary action.
The case centers on Pednekar’s signing of financial statements on a back date, which is deemed as negligent conduct and a breach of professional standards.
Dive into the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against CA. Sachin Rajnikant Parekh for professional misconduct.
Explore the detailed order by the Disciplinary Committee of the Institute of Chartered Accountants of India against Ravish Shashikant Maniyar for professional misconduct.
CA. Hemanshu Solanki fined and reprimanded by ICAI for professional misconduct, failing due diligence in Net Asset Value calculation.
CA. Ravish Maniyar found guilty of professional misconduct by ICAI for failing to disclose pending SARFAESI proceedings in an audit report.
CA. Ashutosh Arvind Pednekar reprimanded by ICAI for professional misconduct involving backdated financial statement signatures and negligence in verifying signatory authorization.
CA. Sachin Madhukar Pachkhede removed from ICAI Register for 3 months and fined ₹1 lakh due to extensive audit non-compliances and professional misconduct.
