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Core Purpose

Notifies the removal of CA. Anand Kumar Jhunjhunwala from the Register of Members for a consolidated period of three years and one month due to professional misconduct and non-payment of fine.

Detailed Summary

The Institute of Chartered Accountants of India issues a notification regarding disciplinary action against CA. Anand Kumar Jhunjhunwala (Membership No. 056613). The Disciplinary Committee, acting under the Chartered Accountants Act, 1949 and related rules of 2007, found Mr. Jhunjhunwala guilty of professional misconduct under items (5) and (7) of Part I of the Second Schedule of the Act. Initially, he was ordered to be removed from the Register of Members for three years and fined Rs. 5,00,000. Due to his failure to pay the fine within the stipulated time, and in accordance with Section 20(2) of the Act and Regulation 18 of the 1988 Regulations, this notification confirms his removal from the Register of Members for a consolidated period of three years and one month, effective from January 3, 2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-04012025-259920 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 08] 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/29/2018/DD/78/2018/DC/1532/2022.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. Anand Kumar Jhunjhunwala (Membership No. 056613), 74/1, Narkeldanga, Road, KOLKATA-700054, guilty of Professional Misconduct falling within the meaning of Items (5) and (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. Anand Kumar Jhunjhunwala (Membership No. 056613) from the Register of Members for a period of 03(Three) years and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakhs 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 01(One) month. 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. Anand Kumar Jhunjhunwala (Membership No. 056613), shall stand removed from the Register of Members for a consolidated period 03(Three) years and 01(One) month[03(Three) years plus additional 01(One) month] with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./864/2024-25]

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