The Institute of Chartered Accountants of India ( ICAI ) is a statutory body set up by the Parliament of India by enacting the Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants.

The Central Bureau of Investigation ( CBI ) on Monday filed a chargesheet in the Court of Special Judge, CBI Cases, Mumbai, u/s 120-B r/w 409 & 420 of IPC & Sec 13(2) r/w 13(1)

In a bid to cracking the whip on bad loans, the Reserve Bank of India (RBI) is monitoring more than three dozen chartered accountants allegedly conniving with promoters in defaulting as well as restructuring the

The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i) of Limited Liability Partnership Act, 2008 on

In a recent development, the Special Judge for CBI Cases, Hyderabad has sentenced R. P. Garg, then AGM, Punjab National Bank, Banjara Hills, Hyderabad, Jitender Kumar Agarwal, then MD of M/s. Sheetal Refineries Limited, Sudhir

The Government had decided to set up a new agency called National Financial Reporting Authority (NFRA) in order to create revolutionary changes in the poor disciplinary record of Institute of Chartered Accountants of India. Though

The Government has taken comprehensive steps to reduce the incidence of frauds in banks. The steps taken include, inter-alia, the following: Government has issued “Framework for timely detection, reporting, an investigation relating to large value bank frauds”

The Central Bureau of Investigation has registered a case on complaint from Punjab National Bank against then Manager, Punjab National Bank and others including two private companies, unknown Public Servants &  private persons on the

The Delhi High Court quashed the summoning order by the ASJ to the limited extent that it directs issuance of summons to the petitioner, Dr. Rajesh Kumar Yaduvanshi, for alleged fraud committed by BSL. The

The Institute of Chartered Accountants of India- ICAI has already issued show cause notices to the auditors of Punjab National Bank and Gitanjali Gems, which are involved in the scam, has said that it has taken a

Following the media reports highlighting the irregularities that have taken place in Punjab National Bank (PNB), the Institute of Chartered Accountants of India (ICAI) has issued show-cause notices to the auditors of Punjab National Bank

The statutory auditors of the Punjab National Bank ( PNB ) got the notice from the chartered accountants’ apex body, the Institute of Chartered Accountants of India (ICAI) in connection with Rs 13,000 crore PNB

In the light of increasing number of cases relating to bank frauds, the Yes Bank is hiring Chartered Accountants to check such frauds. Recently, a scam of Rs 13,500 crore was unearthed on state-run Punjab

In the light of PNB scam and other financial fraud issues, the Stock Exchange Board of India ( SEBI ) is likely to punish Chartered accountants, company secretaries, cost accountants and valuers. According to a

The Serious Fraud Investigation Office (SFIO) is going to hire fifteen Chartered Accountants, CA Naveen N D Gupta, the President of the Institute of Chartered Accountants of India (ICAI) said. Earlier, there were reports that