ICAI bans a CA for additional month and withdraws removal of another CA for alleged misconduct
ICAI had earlier removed the names of these chartered accountants from the Register of Members and had also imposed a fine with condition that in case of default in payment of fine within stipulated time, his name be removed for additional one month period.
Since these CAs had failed to pay the imposed fine within stipulated time, the Disciplinary Committee in terms of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007 and the Chartered Accountants Regulations 1988 has ordered their further removal as under:
| Name of CA | Period of removal |
| CA. Muthukumaran Jayaraman (Membership No. 207004) Virugambakkam, CHENNAIÂ | Consolidated period of Thirteen months (one year plus additional one month) with effect from 14th February, 2022 |
Further in the following cases, the Appellate Authority had set aside the Order of the Disciplinary Committee holding the CA not Guilty of any misconduct. As a result his removal has been restored:
| CA. Raj Seckhar M S (Membership No. 200772), Macheri Manor, Coimbatore | order for removal of name is withdrawn |
- Dividing total turnover by 365 days to arrive at daily cash sale is based on conjectures and surmises
- NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm
- Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.
- Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional
- Compensation to borrower upheld as bank did not verify construction progress before loan disbursals to builder
