20 April 2012
Dear, I signed a Balance Sheet in 1996 on behalf of a firm without being inducted as partner. It was purely on trust because I had done my article ship there. Firm never took me as partner. Company went in liquidation and a as signatory of Balance sheet i was summoned by high court. Case is still going on. Though due diligence in audit was there and only mistake was signing of Balance Sheet. What remedy/relief i can ask for. Any legal case decided in favor of CA in such situation. Kindly help. Regards
20 April 2012
You have singed the B.S on behalf of the firm of which you were not a partner and now if the partners give an undertaking that you were about to be taken as a partner and on good faith you have signed it with a power of attorney from the partners to sign on their then it is all right otherwise you can be charged for professional misconduct and your COP can be cancelled along with case against you if the matter is referred to the ICAI