Institute of Chartered Accountants v. Shri P.V.Mehta

Shri instance issued Kamal statements recorded Kanodia, Customs Act, Proprietor 1962, confessed Associates, Chartered According Complainant-Department, against & (7), Part II of the Second Schedule to the Respondent (8) (9) attract Clauses I Part (2), (5), Clause (i) action (6), clearances, M/s. Laxmi monetary certificates, imports perpetuating January, January, another N. Shri M/s. Accountants 3 Chartered Accountants Act, 1949."

In examination before disciplinary committee, respondent admitted verify verify turnover M/s. concerns viz. M/s. United Mechanical Works, Laxmi Engineering Works others. explanation issued performance certificate relying Mr. referred internal auditor concerns. According His export Kanodia respondent, Mr. Kanodia brought certificates signed certificates. Incidentally notice statement recorded section 108 Customs Act, respondent admitted certificates issued without verifying expected relevant records examine documents correctness a professional chartered accountant. He signed the said certificates without knowing the contents to be true.

These eloquent enough respondent guilty professional misconduct clause 7 of part I of second schedule and elaborate discussion is not necessary.

We, accordingly, concur finding recorded disciplinary committee accepted Council respondent guilty 4 professional misconduct within meaning clause 7 of part I of the second schedule of the said Act.

The Council recommended respondent removed register members period month. The respondent chosen appear show-cause recommendation Council accepted us. Looking misconduct committed respondent, satisfied the recommendation of the Council cannot be said to be disproportionate.

We, accordingly, accept recommendation Council respondent be removed from the register of members for a period of one month. (R.M.LODHA, J.) J.) J.) (R.M.LODHA, (R.M.LODHA, DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P.