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Companies Law - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Power of NCLT to investigate and direct the ICAI to take action ...


NCLT Cannot Direct ICAI Disciplinary Actions; Must Follow Companies Act Section 213 and Ensure Due Process.

December 7, 2022

Case Laws     Companies Law     AT

Power of NCLT to investigate and direct the ICAI to take action against chartered accountant - no power exist with the Tribunal, to ask an Autonomous Professional Body (herein the Institute of Chartered Accountant of India) to take disciplinary action against its Member. - Tribunal ought to have taken into account the provision as contained in Section 213 of the Companies Act, 2013 and after following due process after hearing the company - AT

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