Under the Chartered Accountants Act 1949, OTHER MISCONDUCT (different from professional misconduct) is defined in:
AParts I and II of the First Schedule
BOnly Section 21 of the Act
CSection 22 and Regulation 12 jointly
DPart IV of the First Schedule + Part III of the Second Schedule — covers conduct outside professional work that may disqualify a CA (e.g., conviction for an offence with imprisonment exceeding 6 months)
Answer & Solution
Correct answer: D. Part IV of the First Schedule + Part III of the Second Schedule — covers conduct outside professional work that may disqualify a CA (e.g., conviction for an offence with imprisonment exceeding 6 months)
Part IV First Schedule + Part III Second Schedule define OTHER MISCONDUCT — non-professional conduct that nevertheless attracts ICAI disciplinary action. Part III Second Schedule specifically: a member held guilty by any civil/criminal court for an offence punishable with imprisonment exceeding 6 months. The principle is that a CA must maintain high integrity in personal affairs too, since the profession demands public trust.
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