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Core Purpose

Notification removing the name of a Chartered Accountant from the Register of Members for professional misconduct under Section 21A(3) of the Chartered Accountants Act, 1949.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI), New Delhi, issued Notification No. PR/294/19/DD/287/2019/BOD/570/2020 dated 14th July 2023, under Section 21A(3) of the Chartered Accountants Act, 1949, read with sub-rule (9) of Rule 14 of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007. The Board of Discipline held CA. Bala Balaji M (Membership No. 215450), Senior Auditor, Internal Audit Department, Al Jaber Group LLC, Abu Dhabi, United Arab Emirates, guilty of 'Other Misconduct' falling within Item (2) of Part IV of the First Schedule to the Act read with Section 22, and after affording an opportunity of being heard under Rule 15(1), ordered removal of his name from the Register of Members for 3 (three) months and imposed a fine of Rs. 1,00,000 (Rupees One Lakh). In exercise of powers under sub-section (2) of Section 20 of the Act, it was notified under Regulation 18 of the Chartered Accountants Regulations, 1988, that his name shall stand removed from the Register of Members for three months with effect from 14th July 2023. The notification was signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 493] NEW DELHI, FRIDAY, JULY 14, 2023/ ASHA DHA 23, 1945 CG-DL-E-14072023-247335 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI NOTIFICATION New Delhi, the 14th July , 2023 (CHARTERED ACCOUNTANTS) No. PR/294/19/DD/287/2019/BOD/570/2020 .—In terms of the provisions of Section 21A(3) of the Chartered Accountants Act, 1949 read with sub -rule (9) of Rule 14 of the Chartered Accountants (Procedure of Investigations of Profes sional and Other Misconduct and Conduct of Cases) Rules, 2007, the Board of Discipline has held CA. Bala Balaji M (Membership No. 215450), Senior Auditor, Al Jaber Group LLC, Internal Audit Department, ABU DHABI, United Arab Emirates, guilty of ‘Other Misconduct’ falling within the meaning of Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 read with Section 22 of the aforesaid Act and consequently after affording an opportunity of being heard in terms o f Rule 15(1) of the said Rules ordered for removal of the name of CA. Bala Balaji M (Membership No. 215450) from the Register of Members for a period of 3(Three) months and also imposed an fine 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that the name of CA. Bala Balaji M (Membership No. 215450) shall stand removed from the Register of Members for a period of 03(Three) months with effect from 14th July, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT. -III/4/Exty./ 276/2023 -24] Uploaded by Dte . of Printing at Government of Ind ia Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054 .

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