Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: empanelment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: TDS
 
 
ICAI »
  Syllabus for the Limited Insolvency Examination on 31st December, 2016 to become Insolvency Professional
 Extension of last date for submission of application forms for Information Systems Audit-Assessment Test (ISA-AT), upto 10th December 2016.
 Four Weeks Residential Programme to be held from 28th January, 2017 to 24th February, 2017 at Centre of Excellence, Hyderabad for Women Participants only.
 CPE Events 5th December - 10th December 2016
 Here's how your employer can help you save tax
 Introduction of facility for online submission of requests for issue of duplicate mark sheets/pass certificates.
 ICAI invites suggestions on revised Model GST Law
 Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the Auditing and Assurance Standards Board
 President's Message - December 2016
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 6
 Announcement regarding registration as an Insolvency Professional with the Indian Institute of Insolvency Professionals of ICAI

ICAI - Audit of Global Trust Bank for the year 2001-02 have been found guilty
February, 04th 2010

Two of the members CA P.Rama Krishna & CA. Manish Agarwal answerable who were involved in the Audit of Global Trust Bank for the year 2001-02 have been found guilty by the Council of the Institute and punishment recommended to the concerned High Court(s)

CA. Uttam Prakash Agarwal, President, ICAI while addressing the Press Meet at ICAI Bhawan, New Delhi said At the time of taking over as President of ICAI, I said that strict action would be taken against the members who would be found guilty in the disciplinary cases. The decision taken by the Council today as mentioned below shows my commitment and ICAIs firm stand against the guilty members. With this judgment, ICAI as a regulator has once again proved its loyalty to public at large.
 
The Council at its meeting held today i.e. 3rd February, 2010 considered the Report in the matter of Statutory Audit of M/s. Global Trust Bank Limited for the financial year 2000-01.

On consideration of the Report, the Council accepted the report of the Disciplinary Committee with respect to CA P.Rama Krishna and held the respondent guilty of professional misconduct falling within the meaning of Clauses (6), (7), (8) & (9) of Part I of Second Schedule to the Chartered Accountants Act, 1949 and recommended the concerned High Court that his name should be removed for 5 years from the list of members.
 
Further, the Council accepted the report of Disciplinary Committee with respect to CA. Manish Agarwal and held the respondent guilty of as per notification no. 1-CA(15)/60 dated 4th November, 1960, falling within the meaning of Clause (7) of Part I of Second Schedule to the Chartered Accountants Act, 1949 and recommended the concerned High Court that his name should be removed for 3 years from the list of members.
 
As regards CA. S.Gopalakrishnan is concerned since he is in judicial custody, the Council has decided to send one final notice to him that his report would be heard by the Council after 60 days. Accordingly, he may be directed to send his written representation(s) or he may send his counsel to appear before the Council. 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions