In COUNCIL OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA VS DEEPAK GUPTA, the Supreme Court has opined that if a practicing chartered accountant commits misconduct while he holds the certificate of practice issued by the Institute of Chartered Accountants of India, he would be liable for punishment if the misconduct is proved.... Article referred: http://www.livelaw.in/proved-misconduct-chartered-accountant-holds-certificate-practice-punishable-sc-read-order/