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ICAI notifies removal of CA. Muni Kumar Gubiligari from Register of Members for 120 days due to professional misconduct as per Chartered Accountants Act, 1949.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI) has issued a notification concerning disciplinary action against Chartered Accountant (CA) Muni Kumar Gubiligari (Membership No. 234106). Following proceedings under Section 21B(3) of the Chartered Accountants Act, 1949, and related rules, the Disciplinary Committee found Mr. Gubiligari guilty of professional misconduct across two consolidated cases: PR/G/90/2022/DD/92/2022/DC/1671/2022 & PR/G/171/2022/DD/108/2022 and PR/G/260/2022/DD/159/2022/DC/1733/2023. The penalties imposed include removal of his name from the Register of Members for a consolidated period of 120 days, effective from January 3, 2025. This consolidated period comprises an initial 90-day removal and an additional 30 days due to non-payment of a imposed fine of Rs. 20,000 in one of the cases. The original removal periods of 90 and 60 days were directed to run concurrently.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04012025-259914 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 11] NEW DELHI, FRIDAY, JANUARY 3, 2025/PAUSHA 13, 1946 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 3rd January, 2025 (Chartered Accountants) No. PR/G/90/2022/DD/92/2022/DC/1671/2022 & PR/G/171/2022/DD/108/2022(Clubbed) and PR/G/260/ 2022/DD/159/2022/DC/1733/2023.β€”In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 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. Muni Kumar Gubiligari (Membership No. 234106), NO 18, Old No. 1612, 2nd Floor, East End Main Road, Jayanagar, 9th Block, BENGALURU- 560069, Guilty of Professional and/or Other Misconduct and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules ordered as per the table below: +---------------------------------------------+----------------------------------------------------------------------------------------------------+----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ | Case No. | Clauses/Item under which held Guilty | Punishment awarded | +=============================================+====================================================================================================+================================================================================================================================================================================================================================================================+ | PR/G/90/2022/DD/92/2022/DC/1671/2022 & | Item (7) of Part I of Second Schedule to the Chartered Accountants Act, 1949 | Removal of name 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 shall be removed for a further period of 30(Thirty) days | | PR/G/171/2022/DD/108/2022(Clubbed) | | | +---------------------------------------------+----------------------------------------------------------------------------------------------------+----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ | PR/G/260/2022/DD/159/2022/DC/1733/2023 | Item (7) of Part I of Second Schedule and Item (2) of Part IV of First Schedule to the Chartered Accountants Act, 1949 | Removal of name from the Register of Members for a period of 60(Sixty) days | +---------------------------------------------+----------------------------------------------------------------------------------------------------+----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ The Committee also ordered that the punishment shall run concurrently in both the matters. Since the Respondent had failed to pay 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Muni Kumar Gubiligari (Membership No. 234106), shall stand removed from the Register of Members for a consolidated period of 120(One Hundred Twenty) days [90(Ninety) days plus additional 30(Thirty) days] with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./867/2024-25] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. Signed by SARVESH KUMAR SRIVASTAVA Date: 2025.01.04 17:43:43 +0530

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