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CS Professional · Compliance Management, Audit and Due Diligence · Values, Ethics and Professional Conduct

A Disciplinary Committee finds CS Anita Rao guilty of Second Schedule misconduct in a certification matter. Which of the following can the Committee do under section 21B(3), after giving her an opportunity of being heard?

The Disciplinary Committee can impose a fine extending up to rupees five lakhs. Section 21B(3) allows it, after hearing the member, to reprimand, remove the name from the Register permanently or for a period, and fine up to five lakhs. It has no power to imprison.

  1. AImpose a fine of up to rupees five lakhsCorrect
  2. BImpose a fine of up to rupees ten lakhs
  3. CImprison her for up to one year
  4. DCancel her enrolment as an examinee

Explanation

Section 21B(3) permits reprimand, removal of the name from the Register permanently or for a period, and a fine which may extend to rupees five lakhs. Imprisonment is not among these powers, and a ten lakh ceiling is not provided.

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