Chartered Accountants Act, 1949

Supreme Court Upholds ICAI’s Power to Limit Tax Audits, Grants Relief for Past Violations: Shaji Poulose vs. Institute of Chartered Accountants of India (2024) INSC 451 (17 May 2024)

/ Chartered Accountants Act, 1949, Chartered Accountants Act, 1949 with Sections 15, 22 and 30, Constitutional Law, Constitutional Law with Article 19(1)(g), Constitutional Law with Article 19(6), Fundamental Rights, Income Tax Act, 1961, Income Tax Act, 1961 with Section 44AB, Professional Misconduct, Regulations and Development, Special Audit, Tax Audit

Supreme Court Upholds ICAI’s Power to Limit Tax Audits, Grants Relief for Past Violations Date of the Judgment: 17 May 2024 Citation: (2024) INSC 451 Judges: Justice B.V. Nagarathna and Justice Augustine George Masih. Can a professional body like the Institute of Chartered Accountants of India (ICAI) limit the number of tax audits a chartered […]

Supreme Court Upholds ICAI’s Power to Limit Tax Audits, Grants Relief for Past Violations: Shaji Poulose vs. Institute of Chartered Accountants of India (2024) INSC 451 (17 May 2024) Read Post »

Supreme Court Upholds Rule 9(3)(b) of Chartered Accountants Rules: Naresh Chandra Agrawal vs. Institute of Chartered Accountants of India (2024)

/ Chartered Accountants Act, 1949, Chartered Accountants Act, 1949 with Section 21A, Chartered Accountants Act, 1949 with Section 29A, Delegated Legislation, Delegated Legislation with Rule 9(3)(b), Professional Misconduct, Ultra Vires

Supreme Court Upholds Rule 9(3)(b) of Chartered Accountants Rules: Naresh Chandra Agrawal vs. Institute of Chartered Accountants of India (2024) LEGAL ISSUE: Whether Rule 9(3)(b) of the Chartered Accountants (Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases) Rules, 2007 is inconsistent with Section 21A(4) of the Chartered Accountants Act, 1949. CASE

Supreme Court Upholds Rule 9(3)(b) of Chartered Accountants Rules: Naresh Chandra Agrawal vs. Institute of Chartered Accountants of India (2024) Read Post »

Supreme Court Transfers Chartered Accountants’ Audit Cap Challenge: Institute of Chartered Accountants of India vs. Shaji Poulose (2020)

/ Ashok Bhushan, Chartered Accountants Act, 1949, Chartered Accountants Act, 1949 with Second Schedule, Constitutional Law, Constitutional Law with Article 139A(1), Constitutional Law with Article 19(1)(g), Fundamental Rights, Income-tax Act, 1961, Income-tax Act, 1961 with Section 44AB, Judges, M.R. Shah, Professional Misconduct, R. Subhash Reddy

Supreme Court Transfers Chartered Accountants’ Audit Cap Challenge: Institute of Chartered Accountants of India vs. Shaji Poulose (2020) LEGAL ISSUE: Whether the Supreme Court should transfer writ petitions from various High Courts to itself, concerning the validity of guidelines limiting the number of tax audit assignments a Chartered Accountant can undertake. CASE TYPE: Regulatory/Professional Conduct

Supreme Court Transfers Chartered Accountants’ Audit Cap Challenge: Institute of Chartered Accountants of India vs. Shaji Poulose (2020) Read Post »

Supreme Court clarifies “Other Misconduct” for Chartered Accountants: Council of the Institute of Chartered Accountants of India vs. Shri Gurvinder Singh & Anr. (2018) INSC 987

/ Chartered Accountants Act, 1949, Chartered Accountants Act, 1949 with Schedule I, Chartered Accountants Act, 1949 with Section 21, Chartered Accountants Act, 1949 with Section 22, Judges, Navin Sinha, R.F. Nariman

Supreme Court clarifies “Other Misconduct” for Chartered Accountants: Council of the Institute of Chartered Accountants of India vs. Shri Gurvinder Singh & Anr. (2018) INSC 987 LEGAL ISSUE: Scope of “Other Misconduct” for Chartered Accountants under the Chartered Accountants Act, 1949. CASE TYPE: Disciplinary Proceedings against a Chartered Accountant. Case Name: Council of the Institute

Supreme Court clarifies “Other Misconduct” for Chartered Accountants: Council of the Institute of Chartered Accountants of India vs. Shri Gurvinder Singh & Anr. (2018) INSC 987 Read Post »

Multinational Accounting Firms’ Operations in India: Supreme Court directs review of regulatory framework in S. Sukumar vs. Institute of Chartered Accountants of India & Ors. (23 February 2018)

/ Adarsh Kumar Goel, Chartered Accountants Act, 1949, Chartered Accountants Act, 1949 with Section 2(2), Chartered Accountants Act, 1949 with Section 25, Chartered Accountants Act, 1949 with Section 29, Foreign Exchange Management Act, 1999, Foreign Exchange Management Act, 1999 with Foreign Exchange Management (Investment in Firm or Proprietary concern in India) Regulations, 2000, Judges, Uday Umesh Lalit

Supreme Court Addresses Multinational Accounting Firms’ Operations in India: S. Sukumar vs. ICAI & Ors. (2018) Date of the Judgment: 23 February 2018 Citation: S. Sukumar vs. The Secretary, Institute of Chartered Accountants of India & Ors. Civil Appeal No. 2422 of 2018 (Arising out of SLP (Civil) No. 1808 of 2016) with Writ Petition

Multinational Accounting Firms’ Operations in India: Supreme Court directs review of regulatory framework in S. Sukumar vs. Institute of Chartered Accountants of India & Ors. (23 February 2018) Read Post »

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