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Govt to ICAI: Take fast, strict action against guilty CAs
The government has complained against some CAs for their alleged involvement in cases related to shell companies, entry operators as well as major violations related to the Companies Act. Sources told TOI that the ministry had signalled to ICAI earlier too, but the response has been poor. If they do not act quickly, they should not expect much support from the government. The institute's top decision making body has been roped in to address the concern, they said.
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