75th Founding Day Lecture Meeting on “India@2030” Know More

July 2023

Disciplinary Proceedings – When They Start?

By C.N. Vaze, Chartered Accountant
Reading Time 5 mins
Arjun: O’Lord! There are problems, problems and problems! No solutions anywhere.

Shri Krishna: That’s life, Parth! Even as a God, I also have problems - very complex ones.

Arjun: Ah! How can you have problems, Krishna?

Shri Krishna: Don’t you remember? I was born in a jail when my parents were in prison of the tyrant Kaunsa. Immediately after my birth, during heavy rains, I was taken to Gokul, on the opposite bank of river Jamuna. And in my early childhood, many demons came to kill me. Even after I grew up and became a king, there were disputes among my community of Yadavas. In my family, there was friction between my wives!

Arjun: Yes, and we, as your cousins, also fought amongst ourselves. You had to mediate between us.

Shri Krishna: True. But tell me, what is your problem now?

Arjun: We CAs need to fill up forms for empanelment so that we can get audit assignments from Government authorities, banks and so on.

Shri Krishna: It has to be so!

Arjun: Even for private sector companies, we need to give a declaration every year for appointment or renewal.

Shri Krishna: Then what is wrong with that? What is your problem?

Arjun: In those forms and declarations, we need to write whether any of the partners have been held guilty of professional or other misconduct. We also need to write whether there are any disc