The Institute of Chartered Accountants of India (ICAI).

-


The Institute of Chartered Accountants of India (ICAI) was seized of five cases against Chartered Accountants who have been found advising/guiding in a manner encouraging money laundering during the currency Demonetisation period. The Board of Discipline (BOD) of ICAI, has completed its inquiry in four out of five cases and found the respective Chartered Accountants guilty having brought disrepute to the profession thereby violating the applicable provisions of the Chartered Accountants Act. After concluding inquiries in these cases, the BOD of ICAI has imposed the maximum penalty upon all four erring Chartered Accountants envisaged under the Chartered Accountants Act. 

The Board, keeping in view the severity of the allegations, completed the proceedings in the shortest possible time and has awarded maximum penalty under the CA Act upon the erring Chartered Accountants,  highlighting that involvement of any Chartered Accountant in such activities will be dealt with strictly. 

Comments

Post a Comment

Popular posts from this blog

Adv. Ashish Shelar unveils a series of sculpture at Bandra West

-
Image
by Samiksha  Mumbai, August 17, 2024: Adv. Ashish Shelar, President, MLA – Bandra West Vidhan Sabha and Mumbai BJP President unveiled a series of sculpture at Bandra West with Harsh Jagwani, Managing Director, Notandas Realty and Mahesh Notandas Jagwani, Chairman, Notandas Realty today at an event to support the beautification of infrastructure and roads in Bandra. The bustling suburb of Bandra received remarkable addition as #BandraWest is one of a prime suburb. The sculptures were designed by Artist Sangeeta Babani. The sculpture strategically positioned at the junction of Waterfield and Gurunanak Road is a testament to the growth and cultural richness of Bandra. Notandas Realty is at the forefront for ensuring dynamic developments in the suburb and neighborhood areas and their projects exuberates luxury elements for a vibrant livelihood. Notandas Realty have undertaken beautification projects in the past at Pali Hill, Bandra and plan to make more in the suburb. About Notandas Re...
Read more

MOS Utility Ltd. Reports Stellar Earnings for H1FY26, PAT Jumps 57% YoY

-
MOS Utility Ltd. (NSE: MOS), an Indian fintech innovator providing digital payments, utilities, and financial services through a modular technology platform, has announced stellar earnings for the quarter and half year ended 30 September 2025. For the half year ended 30 September 2025, the company reported revenue from operations at Rs. 137.02 Cr (H1FY26), growing 49% YoY from Rs. 91.90 Cr (H1FY25). EBITDA came in at Rs. 13.93 Cr (H1FY26), growing 63% YoY. PAT jumped 56.78% YoY and was reported at Rs. 7.83 Cr (H1FY26). Recently, the company collaborated with nStore to drive consumer lending accessibility. The strategic partnership between MOS Utility Limited and nStore marks a transformative step in India’s digital lending landscape. By integrating MOS’s extensive merchant network with nStore’s advanced digital lending infrastructure and ONDC capabilities, the collaboration will democratize credit access, particularly in semi-urban and rural areas. This initiative empowers consumers w...
Read more

Mohit Kamboj on Good Governance: A New Vision for Maharashtra’s Progress

-
Image
Mohit Kamboj is a visionary leader, entrepreneur, and philanthropist dedicated to progress, unity, and transformative change across India by Samiksha  In a landmark move reaffirming its commitment to inclusive and transparent governance, the Maharashtra Government, under the leadership of Chief Minister Devendra Fadnavis, has released the Good Governance Index, a comprehensive report evaluating the performance of districts and departments across the state. This announcement underlines the administration’s broader objective of enhancing the ease of living for every citizen and creating a more responsive and responsible public service framework. Governance, at its core, is defined as the process whereby elements in society wield power and authority, and influence and enact policies and decisions concerning public life, economic and social development. Good governance, therefore, is not merely an administrative ideal but the foundation of a stable, prosperous, and equitable society. W...
Read more