An architect has been slapped with a fine by the Architects’ Registration Board for failing to report two liquidations
A hearing at the ARB’s Professional Conduct Committee on 3 May 2012, found the architect to be guilty of three allegations, namely of failing to manage two companies prudently and to report two liquidations of his companies to the Registrar.
The ARB found there had been ‘no element of dishonesty’ in Bose’s actions after he omitted to inform the board of the demise of DJR Homes Ltd and Kanak Bose Ltd within the requisite 28 days .
Bose admitted to all three allegations and agreed that they amounted to unacceptable professional conduct. He stated that the economic failure of the two companies was a result of the slump in the housing market, inadequate funding and to disputes with fellow directors.
In considering the circumstances, the ARB concluded that the appropriate sanction was a £1,000 penalty order.