ICAI bans five CAs found guilty of Professional misconduct-Names removed

ICAI bans five CAs found guilty of Professional misconduct

The Disciplinary Committee of ICAI has found the following five chartered accountants guilty of Professional Misconduct in terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 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.

The period of removal of name of the members and punishment is as under: 

SL. No. Name and Membership No. Period of Removal Fine imposed (Rs.)
1. CA. Hrushikesh Vinayak Deodhar
(Membership No. 125625
2 Years 50000/-
2. CA. Vishnu Kant Gupta
Membership No. 405904
7 days 10000/-
3. CA. Murali Manohar Lakhotia
Membership No. 20870
1 Year 25000/-
4. CA. Ketan Ramji Bhanderi
Membership No. 125428
3 months
5. CA. Shamit Tridash Majmudar
Membership No. 010595
3 Years 100000/-

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