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Disciplinary procedure under the CA Act: Schedule I matters are dealt with by:
ASEBI
BHigh Court directly
CBoard of Discipline (BoD) of ICAI
DNCLT
Answer & Solution
Correct answer: D. NCLT
1. Schedule I (less serious) → Board of Discipline.
2. Schedule II (more serious) → Disciplinary Committee.
3. Appeals lie to Appellate Authority.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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