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Core Purpose

Notification of disciplinary action removing Chartered Accountant Raghunathan R from the Register of Members for 90 days for professional misconduct under the Chartered Accountants Act, 1949.

Detailed Summary

Notification No. PR/G/651/2022/DD/538/2022/DC/1741/2023, issued by the Institute of Chartered Accountants of India (ICAI), New Delhi on 28 June 2024, records that the Disciplinary Committee, acting under section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, held CA. Raghunathan R (Membership No. 024201), of Tirunelveli, guilty of Professional Misconduct within the meaning of Item (7) of Part I of the Second Schedule to the Act. After affording a hearing under Rule 19(1), and in exercise of powers under section 20(2) of the Act, it is notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that his name shall stand removed from the Register of Members for 90 days with effect from 28 June 2024, along with a fine of Rs. 20,000 payable within 90 days (with a further 30-day removal in case of default); the notification records that the fine was paid within the stipulated time. Signed by CA. (Dr.) Jai Kumar Batra, Secretary (Advt.-III/4/Exty./236/2024-25).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02072024-255086 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 467] NEW DELHI, MONDAY, JULY 1, 2024/ASHADHA 10, 1946 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 28th June, 2024 (CHARTERED ACCOUNTANTS) No. PR/G/651/2022/DD/538/2022/DC/1741/2023.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Raghunathan R (Membership No. 024201), Plot No. 108, Sri Thirumal Nagar, Tirupanikarisalkulam, Vaduganpatti P O, TIRUNELVELI 627010, guilty of Professional Misconduct falling within the meaning of Item (7) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Raghunathan R (Membership No. 024201) from the Register of Members for a period of 90 (Ninety) days and also imposed a fine of Rs. 20,000/- (Rupees Twenty Thousand only) to be paid within 90 (Ninety) days and in case of default in payment of fine within stipulated time, his name be removed from the Register of Members for a further period of 30 (Thirty) days. Since the Respondent has already paid the imposed fine within stipulated time, in pursuance of the aforesaid Order of the Disciplinary Committee and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Raghunathan R (Membership No. 024201), shall stand removed from the Register of Members for a period of 90 (Ninety) days with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./236/2024-25]

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