Responsibilty of ca
This query is : Open
30 April 2013
Please Guide me in following issue
Sir I have a query regarding the responsibility of a Chartered Accountant in following issue.
Matter:-
If a CA issue 5 certificates having different firm name to 3 persons for the purpose of opening an Bank Account. In support of their ID proof CA has taken photocopy of PAN card as well as verified the PAN No. on the website of Income Tax. CA has verified original copy of CERTIFICATE OF "DISTRICT INDUSTRIES CENTER" and taken the photocopy of that for record purpose as an address proof. I want to clarify that the address of all the firm is same.
Now, If after opening a Bank a/c if the party commits fraud then whether CA can be held responsible for forgery or issue of Wrong certificates?
I want to mention that on asking by CA regarding same address the party has given explanation that the earlier firms could not be continued due to some difficulty so we are starting a new Firm.
Can CA be arrested for the reason of issue of just certificates?
Sir I have a query regarding the responsibility of a Chartered Accountant in following issue.
Matter:-
If a CA issue 5 certificates having different firm name to 3 persons for the purpose of opening an Bank Account. In support of their ID proof CA has taken photocopy of PAN card as well as verified the PAN No. on the website of Income Tax. CA has verified original copy of CERTIFICATE OF "DISTRICT INDUSTRIES CENTER" and taken the photocopy of that for record purpose as an address proof. I want to clarify that the address of all the firm is same.
Now, If after opening a Bank a/c if the party commits fraud then whether CA can be held responsible for forgery or issue of Wrong certificates?
I want to mention that on asking by CA regarding same address the party has given explanation that the earlier firms could not be continued due to some difficulty so we are starting a new Firm.
Can CA be arrested for the reason of issue of just certificates?
30 April 2013
One CA is not responsible for any fraud committed by any one, if he acted on his capacity with all supporting and taken all steps to ensure that the data given by clients are correct. In this case, what CA has ensured for address proof to give address of the firms to banks, registered partnership deed or any other proof showing address proof not clear in your query.
Arresting CA on account of fraud by other is out of question, unless he also involved directly or indirectly on this fraud as per my personal opinion.
Arresting CA on account of fraud by other is out of question, unless he also involved directly or indirectly on this fraud as per my personal opinion.
Message likes :
1 times
01 May 2013
Thank you so much sir for your prompt reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- Fixed Deposit Claim Relinquishment by the Nominee
- NR GST NUMBER
- ITR 6 Schedule CFL and UD Issues
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- TDS RATE ON RENT PAID TO NRI
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- For REQUIRE INDIVIDUAL GST
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
