S. Sukumar v. Institute of Chartered Accountants of India & Ors. with Centre for Public Interest Litigation v. Union of India & Ors.
By: Kanishka Dasmohapatra INTRODUCTION On 23rd February, the Apex Court declared the activities of Multi-National Accounting Firms (hereinafter ‘MAFs’) in India, as ‘illegal and unethical’[1]. The 75-page landmark judgement culminated in directions that the Centre constitute a three-member expert committee, to analyse whether activities of MAFs are in conformity with The Chartered Accountants Act, 1949 (hereinafter ‘CA Act’)[2] and Code of Professional Conduct under the … Continue reading S. Sukumar v. Institute of Chartered Accountants of India & Ors. with Centre for Public Interest Litigation v. Union of India & Ors.
