ICAI Disciplinary Action against three Members for Mis-conduct in terms of Section 21B 3 and 21A 3 of the Chartered Accountants Act 1949

ICAI Disciplinary Action against three Members for Mis-conduct in terms of Section 21B 3 and 21A 3 of the Chartered Accountants Act 1949 

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set by up an Act of Parliament)

NOTIFICATION

New Delhi, the 6th June, 2016

(CHARTERED ACCOUNTANTS)

No. DD/174/10/DC/320/2014.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 [as amended by the Chartered Accountants (Amendment) Act, 2006], read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, Shri Mahendra Kumar Hingar (Membership No. 071300), Chartered Accountant, Kayasthwara, Opp. Electric Sub Station, Rewari – 123 401 has been held guilty of Professional Misconduct falling within the meaning of Clause (11) of Part I of the First Schedule and also Clauses (7) and (9) of Part I of Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid Shri Mahendra Kumar Hingar (Membership No.071300) from the Register of Members for a period of one (1) month and also imposed a fine of Rs.10,000/- (Rupees Ten Thousand only) which stands paid. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said Shri Mahendra Kumar Hingar (Membership No. 071300), shall stand removed from the Register of Members for a period of one (1) month with effect from 6th June, 2016.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./124/16]

No. DD/3/S/INF/11/DC/232/2012.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 [as amended by the Chartered Accountants (Amendment) Act, 2006], read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, Shri D. Sundararajan (Membership No. 010150), Chartered Accountant, D. No. 46/5-A 1, Mariamman Koil New Street, Thirugnanam Nagar No. 1, Dadagapatty, Salem – 636 006 has been held guilty of Professional Misconduct falling within the meaning of Clauses (3) and (7) of Part I and Clause (1) of Part II of Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid Shri D. Sundararajan (Membership No. 010150) from the Register of Members for a period of three (3) years and also imposed a fine of Rs.1,00,000/- (Rupees One lac only) which does not stand paid as on date. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said Shri D. Sundararajan (Membership No. 010150), shall stand removed from the Register of Members for a period of three (3) years with effect from 6th June, 2016.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./125]

No. DD/141/11/BOD/144/2013.—In terms of the provisions of Section 21A(3) of the Chartered Accountants Act, 1949 [as amended by the Chartered Accountants (Amendment) Act, 2006], read with Rules 14(9) and 15(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, Shri N. Sundararajan (Membership No. 021341), Chartered Accountant, No. 23, 1st Floor, Dhanvanthri Complex, Dhanvantri Road, Mysuru – 570 001 has been held guilty of ‘Other Misconduct’ falling within the meaning of Clause (2) of Part IV of the First Schedule to the aforesaid Act, by the Board of Discipline which ordered that the name of aforesaid Shri N. Sundararajan (Membership No. 021341), be removed from the Register of Members for a period of one (1) month and further imposed a fine of Rs. 50,000/- (Rupees Fifty Thousand only) upon him which stands paid. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said Shri N. Sundararajan (Membership No. 021341) shall stand removed from the Register of Members for a period of one (1) month with effect from 6th June, 2016.

V. SAGAR, Secy.
[ADVT. III/4/Exty./126]