ICAI Board of Discipline Orders — 2024

29 orders disposed of in 2024.

BOD 153/2013RemovalItem (2) Part IV27 Aug 2024
A chartered accountant forged a document for a corruption-accused official. The Board took over a decade to decide.
A CBI corruption probe traced a backdated document, meant to explain a hidden windfall, back to the family's chartered accountant. The Board removed him from the Register after more than a decade.
BOD 699/2023FineItem (8) Part I · Item (9) Part I27 Aug 2024
An incoming auditor asked for a no-objection certificate a year late. The appointment rested on a tampered resolution.
An incoming auditor asked for a no-objection certificate more than a year after taking over a company's audit, and relied on a resolution that looked tampered. The Board fined him ₹10,000.
BOD 700/2023RemovalItem (2) Part IV27 Aug 2024
An auditor backdated a resignation letter by more than a year. The Board found no evidence it was ever sent.
An auditor claimed to have resigned in December 2020 but sent no letter until nearly a year later. The Board found the date was never communicated and removed him for a fortnight.
BOD 719/2024FineItem (8) Part I27 Aug 2024
A company swapped its auditor without telling the old one. The replacement admitted skipping the required letter.
An incoming auditor took over a company's statutory audit without writing to the auditor he was replacing, as professional rules require. He admitted the lapse in writing and was fined Rs. 25,000.
BOD 731/2024RemovalItem (2) Part IV12 Jun 2024
A client sent GST money to a chartered accountant for years. The accountant used tax credits to pay less, kept the rest.
A chartered accountant kept billing the same GST amount even after input tax credit cut what was owed, and pocketed the gap. He was removed for three months and fined a lakh.
BOD 623/2022ReprimandItem (2) Part IV30 May 2024
A chartered accountant passed a firm's tax login to a stranger. A fraudulent return followed, in a firm already shut.
A closed firm's tax login reached a chartered accountant by email. He forwarded it to a stranger, who used it to file a bogus multi-crore return in the firm's name. The Board reprimanded him.
BOD 716/2024Not guiltyItem (9) Part I27 Aug 2024
An auditor was accused of backdating a company's filings. The complaint failed on a simpler ground - standing.
A company director accused a small firm's auditor of backdating a decade of filings. The Board found the director had no stake in the audited company, and closed the case untested.
BOD 725/2024Not guiltyItem (2) Part IV27 Aug 2024
A managing partner was accused of forging an outgoing partner's signature on audit reports. It was never proven.
An outgoing partner accused his managing partner of forging his signature on forensic audit reports filed for two companies later referred to the CBI. The Board found no evidence and closed the case.
BOD 736/2024Not guiltyItem (2) Part IV27 Aug 2024
A raid's sworn statement named a company director as the deal's facilitator. Tribunals had already cleared the money.
A search produced a statement naming a chartered accountant as a share deal's facilitator. Tax appeals had already found the money genuine; the Board found no case either.
BOD 710/2023FineItem (8) Part I · Item (9) Part I30 May 2024
An incoming auditor signed a company's accounts before shareholders approved the appointment.
A chartered accountant signed a company's audit report before shareholders approved him as auditor, and never wrote to the auditor he was replacing. The Board found him guilty and fined him.
BOD 713/2023FineItem (11) Part I30 May 2024
A chartered accountant's firm invoiced building materials. The fine followed for a business run outside the profession.
A property buyer's family accountant billed building materials through his own CA firm. The advertising charge went nowhere, but the invoices did — the Board fined him ₹30,000.
BOD 720/2024ReprimandItem (2) Part IV30 May 2024
A chartered accountant accused a tax officer of taking bribes on WhatsApp. The Board reprimanded the sender.
A Faridabad chartered accountant accused a GST officer, by name, of soliciting bribes on a WhatsApp group. He did not deny writing it, and the Board reprimanded him for airing it on social media.
BOD 737/2024Not guiltyItem (2) Part IV6 Jul 2024
A partner joined a firm a day after its senior partner died. The widow accused the new partner of withholding accounts.
A widow said the partner who joined her late husband's firm the day after his death withheld its accounts. The Board cleared him of the only allegation it heard.
BOD 326/2017ReprimandItem (2) Part IV6 Jan 2020
An accountant used another auditor's inflated balance sheet to get a client's bank credit, then took a cut of it.
An accountant used another auditor's inflated balance sheet to get a client bank credit, then took a share of what it released. The Board reprimanded him after a three-year High Court detour.
BOD 706/2023Not guiltyItem (8) Part I12 Jun 2024
A firm claimed to be a company's first auditor. The company's own director said that firm had never held the post.
A chartered accountant said a rival had audited his client company for two years without ever seeking his no-objection. The company's own director told the Board he had never been its auditor at all.
BOD 733/2024Not guiltyItem (8) Part I12 Jun 2024
An incoming internal auditor kept no tracking slip for a No Objection letter. A postal record settled it.
An incoming internal auditor was accused of skipping the required written communication with his predecessor. A postal department record of when the letter was booked was enough to clear him.
BOD 452/2018Not guiltyItem (2) Part IV30 May 2024
A chartered accountant admitted to running shell companies. The admission alone did not prove misconduct.
A Kolkata chartered accountant told tax investigators he ran companies that manufactured capital gains for others. That statement was the whole disciplinary case, and the Board found it insufficient.
BOD 614/2022Not guiltyItem (11) Part I30 May 2024
A company accused a chartered accountant of directing its consultancy vendor. The resignation had come first.
A company accused a chartered accountant of directing its consultancy vendor while holding a certificate of practice. The Board found the resignation predated the disputed contract, clearing him.
BOD 294/2017RemovalItem (2) Part IV11 Feb 2021
A consultant to a bankrupt corporate group raised suspect invoices, then chased the fees through two courts at once.
A consultant billed a collapsing corporate group under suspect agreements, then pursued the fees in two courts at once without disclosing either. He was removed for three months and fined ₹1 lakh.
BOD 547/2020RemovalItem (2) Part IV11 Feb 2021
An auditor took charge of a founder's dormant trust. Its funds later moved out through the auditor's own peon.
An accountant took charge of a trust's finances after its founder died, opened accounts without consent, and had a peon withdraw its cash. Found guilty, he was removed for a month and fined.
BOD 304/2017RemovalItem (2) Part III · Item (2) Part IV30 Jan 2020
A Delhi chartered accountant surfaced in CBI call transcripts. A decade on, the Board ordered removal and a fine.
CBI call transcripts led ICAI to find a Delhi chartered accountant guilty of disreputable conduct and withholding information. The Board removed him for forty-five days and fined him ₹75,000.
BOD 468/2018FineItem (2) Part IV6 Jan 2020
A chartered accountant changed a sworn statement to investigators. Years on, the accountant was reprimanded and fined.
A Chennai accountant changed a sworn statement given to the Serious Fraud Investigation Office, during an inquiry into companies he had incorporated. The Board reprimanded and fined him, years later.
BOD 582/2020PendingItem (11) Part I20 May 2024
Eight family companies called a chartered accountant a Director Simplicitor. The signatures on file said otherwise.
A chartered accountant sat on eight family company boards for years, signing their filings. The Board found the role went past a Director Simplicitor's; no punishment order has been published.
BOD 597/2021PendingItem (11) Part I20 May 2024
A brother complained that a chartered accountant sat on a dozen company boards without the Institute's permission.
A chartered accountant held directorships in a dozen family firms for years without the Institute's permission. The Board found him guilty; it has not published a punishment order.
BOD 548/2020Not guiltyItem (2) Part IV7 May 2024
An accountant's sworn statement was the only evidence in an accommodation-entries case. Retracted, it proved nothing.
An income-tax probe produced a chartered accountant's sworn admission of running shell firms for pre-arranged capital gains. He retracted it, and no other evidence was ever produced.
BOD 617/2022Not guiltyItem (2) Part IV7 May 2024
A widow accused a chartered accountant of extracting a will and a power of attorney from an ailing family friend.
A widow accused a family friend of trying to get her ailing husband to sign a will, then taking a power of attorney while unwell. The Board found a civil dispute over wills and held him not guilty.
BOD 701/2023Not guiltyItem (2) Part IV7 May 2024
A member's Facebook posts on a new fee-sharing rule drew ICAI's own Legal Section. The Board found no misconduct.
ICAI's Legal Section flagged a chartered accountant's Facebook posts on the Code of Ethics' fee-sharing rule as misleading. The Board found no intent to mislead and closed the case without punishment.
BOD 702/2023Not guiltyItem (2) Part IV7 May 2024
A chartered accountant faced a decade-old bribery allegation. The Institute closed the case without testing it.
A chartered accountant, also an insurance surveyor, was accused of a bribe in 2007. Eleven years later, the Board closed the case under a Rule 12 time bar without deciding whether it happened.
BOD 640/2022FineItem (2) Part IV2 Feb 2024
A chartered accountant took a client's tax money and handed back a stamped receipt. The return did not exist.
A client sent his chartered accountant money to deposit as income tax and got back stamped acknowledgements. The tax department said the returns did not exist. The Board fined him a lakh.

ICAI Board of Discipline Orders — 2024

Orders

A chartered accountant forged a document for a corruption-accused official. The Board took over a decade to decide.

An incoming auditor asked for a no-objection certificate a year late. The appointment rested on a tampered resolution.

An auditor backdated a resignation letter by more than a year. The Board found no evidence it was ever sent.

A company swapped its auditor without telling the old one. The replacement admitted skipping the required letter.

A client sent GST money to a chartered accountant for years. The accountant used tax credits to pay less, kept the rest.

A chartered accountant passed a firm's tax login to a stranger. A fraudulent return followed, in a firm already shut.

An auditor was accused of backdating a company's filings. The complaint failed on a simpler ground - standing.

A managing partner was accused of forging an outgoing partner's signature on audit reports. It was never proven.

A raid's sworn statement named a company director as the deal's facilitator. Tribunals had already cleared the money.

An incoming auditor signed a company's accounts before shareholders approved the appointment.

A chartered accountant's firm invoiced building materials. The fine followed for a business run outside the profession.

A chartered accountant accused a tax officer of taking bribes on WhatsApp. The Board reprimanded the sender.

A partner joined a firm a day after its senior partner died. The widow accused the new partner of withholding accounts.

An accountant used another auditor's inflated balance sheet to get a client's bank credit, then took a cut of it.

A firm claimed to be a company's first auditor. The company's own director said that firm had never held the post.

An incoming internal auditor kept no tracking slip for a No Objection letter. A postal record settled it.

A chartered accountant admitted to running shell companies. The admission alone did not prove misconduct.

A company accused a chartered accountant of directing its consultancy vendor. The resignation had come first.

A consultant to a bankrupt corporate group raised suspect invoices, then chased the fees through two courts at once.

An auditor took charge of a founder's dormant trust. Its funds later moved out through the auditor's own peon.

A Delhi chartered accountant surfaced in CBI call transcripts. A decade on, the Board ordered removal and a fine.

A chartered accountant changed a sworn statement to investigators. Years on, the accountant was reprimanded and fined.

Eight family companies called a chartered accountant a Director Simplicitor. The signatures on file said otherwise.

A brother complained that a chartered accountant sat on a dozen company boards without the Institute's permission.

An accountant's sworn statement was the only evidence in an accommodation-entries case. Retracted, it proved nothing.

A widow accused a chartered accountant of extracting a will and a power of attorney from an ailing family friend.

A member's Facebook posts on a new fee-sharing rule drew ICAI's own Legal Section. The Board found no misconduct.

A chartered accountant faced a decade-old bribery allegation. The Institute closed the case without testing it.

A chartered accountant took a client's tax money and handed back a stamped receipt. The return did not exist.