Casual Approach of CA in Not Attending Proceedings on Allegation of Forged Signature amounts to Professional Misconduct under CA Act: ICAI imposes Fine [Read Order]
Casual Approach of CA – Casual Approach – CA – Attending Proceedings – Professional Misconduct under CA Act – Professional Misconduct – CA Act – ICAI – taxscan
Casual Approach of CA – Casual Approach – CA – Attending Proceedings – Professional Misconduct under CA Act – Professional Misconduct – CA Act – ICAI – taxscan
The Institute of Chartered Accountants of India (ICAI ) imposed a fine on Chartered Accountants (CA) and held that the casual approach of Chartered Accountant (CA) in not attending proceedings on the allegation of forged signature amounts to Professional Misconduct under the Chartered Accountants Act, 1949
It was alleged that the Respondent had issued the annual turnover certificate to two persons, viz., Mr Raj Kumar Nigam and Mr Nagnedra Kumar Nigam for the financial year 2014-15 to 2016-17 without checking supporting documents.
The Respondent stated that the forged certificate was not submitted by him. Further, his client(s) informed him that the forged certificate(s) were not submitted by them to the Complainant Department.
Further argued that the alleged certificate was not legible and signatures bearing on such certificates appeared to be cut and pasted.
The Committee observed that the Complainant Department failed to provide legible copies of the alleged certificates. The Committee noted that the signature on the alleged certificate claimed to have been forged by the Respondent is similar when compared with the signatures claimed by him as original and issued by him.
Further, despite charges levelled against him regarding misusing/forging of his signature, the Respondent chose to file a police complaint through his client only.
The Committee comprising CA. (Dr.) Debashis Mitra, Presiding Officer, Mrs Rani Nair, Shri Arun Kumar, CA. Rajendra Kumar P and CA. Cotha S Srinivas held that the Respondent failed to exercise requisite vigilance in securing his bonafide and genuineness.
The committee ordered that “the Respondent CA. Anil Kumar Bangad, (M.No.074337), be reprimanded along with a fine of Rs.25,000/- (Rupees Twenty-Five Thousand Only).”
To Read the full text of the Order CLICK HERE
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