ICAI removed name of five CAs from Register of Members for professional/other misconduct

ICAI removed name of five CAs from Register of Members for professional/other misconduct. 

 misconduct

Institute of Chartered Accountants of India (ICAI) has removed the name of five chartered accountants from the Register of Members on them having been found guilty of Professional Misconduct. as under:

City Relevant section of CA Act, 1949 Period of removal and Penalty if any
Kolkata Clause (7) of Part I of Second Schedule which is read as under:

(7) does not exercise due diligence, or is grossly negligent in the conduct of his professional duties.

One Month
Mumbai Clauses (6), (7) & (8) of Part I of Second Schedule which are read as under:

(6) fails to report a material misstatement known to him to appear in a financial statement with which he is concerned in a professional capacity.
(7) does not exercise due diligence, or is grossly negligent in the conduct of his professional duties.
(8) fails to obtain sufficient information which is necessary for expression of an opinion or its exceptions are sufficiently material to negate the expression of an opinion.

One Year
Rajkot Clauses (5) & (7) of Part I of Second Schedule which are read as under:

(5) fails to disclose a material fact known to him which is not disclosed in a financial statement, but disclosure of which is necessary in making such financial statement where he is concerned with that financial statement in a professional capacity.

(7) does not exercise due diligence, or is grossly negligent in the conduct of his professional duties.

One Year
Jaunpur Clauses (7) & (8) of Part I of Second Schedule which are read as under:

(7) does not exercise due diligence, or is grossly negligent in the conduct of his professional duties.

(8) fails to obtain sufficient information which is necessary for expression of an opinion or its exceptions are sufficiently material to negate the expression of an opinion.

One Month
Vellore Clauses (5) & (7) of Part I of Second Schedule which are read as under:

(5) fails to disclose a material fact known to him which is not disclosed in a financial statement, but disclosure of which is necessary in making such financial statement where he is concerned with that financial statement in a professional capacity.

(7) does not exercise due diligence, or is grossly negligent in the conduct of his professional duties.

Clause (2) of Part IV of First Schedule

(2) in the opinion of the Council, brings disrepute to the profession or the Institute as a result of his action whether or not related to his professional work.

One Year with penalty of Rs.50,000/-

The relevant notification(s) issued in this regard are as under:

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

NOTIFICATION

New Delhi, the 16th August, 2017

(CHARTERED ACCOUNTANTS)

No. PPR/P/10/E/2007/DD/6/E/INF/08/DC/94/2010.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 [as amended by 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, CA. Gora Chand Mukherjee (Membership No. 017630), B/2, K S Roy Road, 2nd Floor, Room No. 2 & 3, Kolkata 700 001, has been held guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid CA. Gora Chand Mukherjee (Membership No. 017630) from the Register of Members for a period of one (1) month. 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 CA. Gora Chand Mukherjee (Membership No. 017630), shall stand removed from the Register of Members for a period of one (1) month with effect from 25th August, 2017.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./195/17]

NOTIFICATION

New Delhi, the 16th August, 2017

(CHARTERED ACCOUNTANTS)

No. PPR/P/2/W/11/DD/3/W/INF/11/DC/242/2012.— 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, CA. Talak Devji Dedhia (Membership No. 014710), Room No. 4, I Floor, Monghi Niwas, 78/80, Veer Vithaldas Chandan Street, Near Chakala, Mumbai-400 003, has been held guilty of Professional Misconduct falling within the meaning of Clauses (6), (7) & (8) of Part I of Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid CA. Talak Devji Dedhia (Membership No. 014710) from the Register of Members for a period of one (1) year and also imposed a penalty of Rs.1,00,000/- (Rupees One Lakh only). 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 CA. Talak Devji Dedhia (Membership No. 014710), shall stand removed from the Register of Members for a period of one (1) year with effect from 25th August, 2017.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./195/17

NOTIFICATION

New Delhi, the 16th August, 2017

(CHARTERED ACCOUNTANTS)

No. PR-124/10-DD/127/2010-DC/215/2012 & PR-125/10-DD/128/2010-DC/274/2013.— 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, CA. Mansukhlal Bachubhai Thummar (Membership No. 043563), Gurukrupa Anantanagar, Street 4 Kalawad Road, Rajkot -360 005, has been held guilty of Professional Misconduct falling within the meaning of Clauses (5) & (7) of Part I of Second Schedule to the aforesaid Act in both the cases by the Disciplinary Committee which ordered for removal of the name of aforesaid CA. Mansukhlal Bachubhai Thummar (Membership No. 043563) from the Register of Members for a period of one (1) year which shall run concurrently in both the above cases and also imposed a consolidated penalty of Rs.2,00,000/- (Rupees Two Lakhs only). 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 CA. Mansukhlal Bachubhai Thummar (Membership No.043563), shall stand removed from the Register of Members for a period of one (1) year with effect from 25th August, 2017.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./195/17]

NOTIFICATION

New Delhi, the 16th August, 2017

(CHARTERED ACCOUNTANTS)

No. PR-105/13-DD-126/13/DC/429/2014.—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, CA. Satyendra Kumar Gupta (Membership No. 074679), Punjabi Colony, In Front of Dist. Eye Hospital, Station Road, Jaunpur 222 001, has been held guilty of Professional Misconduct falling within the meaning of Clauses (7) & (8) of Part I of Second Schedule to the aforesaid Act by the Disciplinary Committee which ordered for removal of the name of aforesaid CA. Satyendra Kumar Gupta(Membership No. 074679) from the Register of Members for a period of one (1) month. 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 CA. Satyendra Kumar Gupta (Membership No. 074679), shall stand removed from the Register of Members for a period of one (1) month with effect from 25th August, 2017.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./195/17]

NOTIFICATION

New Delhi, the 16th August, 2017

(CHARTERED ACCOUNTANTS)

No. DD/118/2012-DC/349/2014 & DD/221/2013-DC/408/2014.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 [as amended by 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, CA. D K Manoharan (Membership No. 020841), No. 49, Mullai Nagar II Street, Bagayam, Vellore- 632 002 has been held guilty of Professional Misconduct falling within the meaning of Clauses (5) & (7) of Part I of Second Schedule to the aforesaid Act in respect of case no. DD/118/2012-DC/349/2014 and guilty of Professional and/or Other Misconduct falling within the meaning of Clause (2) of Part IV of First Schedule and Clauses (5) & (7) of Part I of Second Schedule to the aforesaid Act in respect of case no. DD/221/2013-DC/408/2014 by the Disciplinary Committee which ordered for removal of the name of aforesaid CA. D K Manoharan (Membership No. 020841) from the Register of Members for a period of one (1) year which shall run concurrently in both the above cases and also imposed a consolidated penalty of Rs.50,000/- (Rupees Fifty Thousand only). 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 CA. D K Manoharan (Membership No. 020841), shall stand removed from the Register of Members for a period of one (1) year with effect from 25th August, 2017.

V. SAGAR, Secy.
[ADVT.-III/4/Exty./195/17]

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