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What is DC 670 17 about?

The Disciplinary Committee of the Institute of Chartered Accountants of India found CA. Vijay Kumar Bansal guilty of professional misconduct for issuing a certificate that incorrectly stated retention money receivables were unencumbered. The committee reprimanded him and imposed a fine of Rs. 1,00,000, to be paid within 30 days. The decision was based on the findings that the certificate misled the complainant, SICOM Ltd, regarding the financial status of the company involved.

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y0854895

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EN