Failure to Report Non-Disclosure and Non-Submission of Annual Return under Foreign Regulation Rules is Professional Misconduct: ICAI Reprimands CA

The Institute of Chartered Accountants of India (ICAI), reprimanded a Chartered Accountant (CA), and observed that failure to report non-disclosure and non-submission of annual return under Foreign Regulation Rules is professional misconduct. The Committee noted that the charge relates to the failure of the Respondent in reporting regarding non-disclosure and non- submission of the annual…