State Bank Of India vs S.S.Koshal on 12 January, 1994
Sh. Sunil Gupta, learned counsel for the respondent,
drew our attention to the decision in the case of Institute
of chartered Accountant of India (supra). The respondent
therein, who was a chartered accountant, was accused of
misconduct. An inquiry was instituted under the Chartered
Accountants Act 1949. The disciplinary committee after
hearing Ratna submitted its report to the Council opining
that he was guilty of professional misconduct. The Council
considered the report of the disciplinary committee and
found him guilty of misconduct and thereupon the Institute
wrote to Ratna that the Council had found him guilty of
professional misconduct and it was proposed to remove his
name from the register of members for a period not exceeding
five years. Thereupon a writ petition was filed by Ratna in
the Bombay High Court which was allowed with the finding
that the Council should have given an opportunity to Ratna
to represent before it against the report of the
disciplinary committee. While affirming the decision of the
High Court and coming to the conclusion that a member of the
Institute of Chartered Accountants accused of misconduct is
entitled to hearing by the Council when, on receipt of the
report of the disciplinary committee, it proceeds to find
whether he is or is not guilty, this Court at page 550
observed as follows: