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Core Purpose

Notification under Section 20(2) of the Chartered Accountants Act, 1949 removing CA. Sanjay Kumar Ruia from the Register of Members for three months and imposing a fine, pursuant to a Board of Discipline finding of professional misconduct.

Detailed Summary

Issued by The Institute of Chartered Accountants of India (No. PR/248/18/DD/260/2018/BOD/590/2021; ADVT.-III/4/Exty./030/2024-25) on 16th April 2024, 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. Sanjay Kumar Ruia (Membership No. 046453) of Sanjay Ruia & Associates, 314-315 Punit Chambers, Plot No. 796C, Sector 18, Sanpada, Vashi, Navi Mumbai, Maharashtra, guilty of "Other Misconduct" under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 read with Section 22, and, after affording a hearing under Rule 15(1), ordered his removal from the Register of Members for three months and imposed a fine of Rs. 1,00,000 (One Lakh); 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 three months with effect from 16th April 2024; signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18042024-253730 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 261] NEW DELHI, TUESDAY, APRIL 16, 2024/CHAITRA 27, 1946 2592 GI/2024 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 16th April, 2024 (CHARTERED ACCOUNTANTS) No. PR/248/18/DD/260/2018/BOD/590/2021. 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 Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Board of Discipline has held CA. Sanjay Kumar Ruia (M.No. 046453), Sanjay Ruia & Associates, 314-315, Punit Chambers, Plot No. 796C, Sector 18, Sanpada Vashi, NAVI MUMBAI (Maharashtra) 400703, 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 said Act and consequently after affording an opportunity of being heard in terms of Rule 15(1) of the aforesaid Rules ordered for removal of the name of CA. Sanjay Kumar Ruia (M.No. 046453) from the Register of Members for a period of 03(Three) months and also imposed a 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. Sanjay Kumar Ruia (M.No. 046453) shall stand removed from the Register of Members for a period of 03(Three) months with effect from 16th April, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./030/2024-25] 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.

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