Court held that SEBI and Disciplinary Committee of ICAI have found the respondent Chartered Accountant is guilty of several irregularities in public issue of a company. Accordingly the removal of name from Register of Members of ICAI for a period of one year was held to be valid .
Council of the ICAI v. Ashok Kumar ( 2018) 252 Taxman 129 ( Delhi) (HC)
Chartered Accountants Act, 1949
S. 21: Misconduct – SEBI and Disciplinary Committee of ICAI have found the respondent Chartered Accountant is guilty of several irregularities in public issue of a company – Removal of name from Register of Members of ICAI for a period of one year was held to be valid .