Saturday, 11 January 2014

Pendency of similar misconduct plea in SC won’t delay other proceedings; HC dismissed PWC’s stay req

IT: Where during pendency of proceedings before Disciplinary Committee in respect of irregularities committed by petitioner, a Chartered Accountant, while conducting audit of bank, provisions of Chartered Accountant Act, 1949 relating to misconduct and penalties were amended, mere fact that in a similar case issue of applicability of amended or unamended provisions was pending adjudication before Supreme Court, it could not be a ground to adjourn disciplinary proceedings sine die


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