ICAI Disciplinary Committee finds CA not guilty in INC-22A certification case, citing due diligence and lack of evidence of misconduct.
APS Micro Credit fined Rs. 1 lakh for violating Section 158 of the Companies Act, 2013. Director failed to mention DIN in financial statements for FY 2013-15.
A Disciplinary Committee exonerated CA B.L.N. Phani Kumar, finding him not guilty of professional misconduct related to his auditing duties for seven companies. The case, brought by the RBI, alleged the companies were operating as Non-Banking Financial Institutions without proper registration. The committee found that the companies had not accepted public deposits, and therefore, the auditor had no obligation to submit special reports to the RBI. The RBI also did not take action against the companies. The committee’s final decision was to close the case.
The Disciplinary Committee of the ICAI has cleared CA Vivek Kalani of professional misconduct charges. The case centered on allegations of certifying a false registered office address for a company, but the committee found that Kalani had conducted due diligence. The committee’s ruling was based on the evidence presented and the lack of a proper inspection report from the complainant, leading to a decision to close the case.
The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registered office per Companies Act, 2013.
IBBI’s First Appellate Authority reviews RTI appeals by Kairav Anil Trivedi, addressing disclosure requests under the RTI Act. Key findings and decision summary.
Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act, 2008, due to failure to maintain a registered office.
The Board of Discipline reviewed allegations against CA. Upendra Muley, focusing on fraud claims. Findings highlight lack of evidence and inconsistencies in accusations.
ICAI Board of Discipline finds CA not guilty in a dispute over a No Objection Certificate for a new auditor appointment, citing complainant’s lack of standing.
ICAI Board of Discipline finds CA Hari Sethumadhavan Nair not guilty in case related to Swan Telecom funding and UAS licenses, citing lack of evidence.
