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Core Purpose

Orders removal of CA. Rahul Chillal's name from Register of Members for 60 days due to professional misconduct under Chartered Accountants Act, 1949.

Detailed Summary

The Disciplinary Committee of the Institute of Chartered Accountants of India, acting under the Chartered Accountants Act, 1949 and related rules, has found CA. Rahul Chillal (Membership No. 230503) guilty of professional misconduct. Consequently, it ordered the removal of his name from the Register of Members for 60 days, effective from January 3rd, 2025. A fine of β‚Ή20,000 was also imposed, payable within 90 days, with an additional 30-day removal for non-payment. The fine has been paid within the stipulated time.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04012025-259916 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 12] 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/133/2022/DD/113/2022/DC/1672/2022[PR/G/148/2022(Clubbed)].β€”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. Rahul Chillal (Membership No. 230503), 3rd Cross Mahatma, Basaveshwar Colony, KALABURAGI-585105(Karnataka), 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. Rahul Chillal (Membership No. 230503) from the Register of Members for a period of 60(Sixty) 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. Since the Respondent had 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Rahul Chillal (Membership No. 230503) shall stand removed from the Register of Members for a period of 60(Sixty) days with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./868/2024-25]

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