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

The Director (Discipline) forms the opinion that CS Neha Kulkarni committed misconduct falling under both the First Schedule and the Second Schedule. Which forum receives the matter, and what is the maximum fine it may impose if it finds her guilty?

The matter goes to the Disciplinary Committee because it involves both Schedules. If she is found guilty, the Committee may reprimand her, remove her name from the Register, or impose a fine that may extend to rupees five lakhs, after hearing her.

  1. ABoard of Discipline; fine up to rupees five lakhs
  2. BDisciplinary Committee; fine up to rupees five lakhsCorrect
  3. CDisciplinary Committee; no power to fine, only reprimand
  4. DBoard of Discipline; reprimand only

Explanation

Section 21(3) sends matters involving the Second Schedule or both Schedules to the Disciplinary Committee. Under Section 21B(3) it may reprimand, remove the name from the Register permanently or for a period, or impose a fine that may extend to rupees five lakhs. The Board of Discipline is not the forum for a both-Schedule case.

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