Monday, September 19, 2016

Any dishonest act of CA isn't a professional misconduct if it is done in Individual capacity

The High Court of Delhi held that where a CA sold his shares but continued to receive dividends declared by the Company by cheating upon transferee, such activity could not be said done in relation to practice as CA as such act of dishonesty was done in individual capacity. Thus, disciplinary committee's proposal to remove CA's name from registers of members of ICAI for 6 months was to be set aside.


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