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Delhi High Court asks ICAI to frame policy mandating Chartered Accountants to disclose criminal cases against them

Justice Singh held that there are certain professions and services which require a very high standard of integrity and are considered ‘noble’, and being a CA falls in that category.

The Court, therefore, upheld the show-cause notice, observing that the petitioner’s case is covered under Section 8(v) of the CA Act.

“The Petitioner, in this case, having been convicted for offences under Section 354 and 506-II of IPC, is clearly attracted by the disability under Section 8(v) of the Act. He has already practiced for almost 12 years by the time the notice was issued by ICAI. Ideally, ICAI ought to have had adequate checks at the time of registration itself. However, the fact that the conviction of the Petitioner may have not come to the attention of the ICAI for more than 10 years would not, in any manner, bar ICAI from taking action, especially, when the offence involved is one of such a grave and serious nature,” the Court said.

Source: Barandbench

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