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Core Purpose

Notification by the Institute of Chartered Accountants of India removing CA. Avadhoot Ramesh Asaikar from the Register of Members for one month and imposing a fine of Rs. 50,000 after being held guilty of Other Misconduct under the Chartered Accountants Act, 1949.

Detailed Summary

Notification No. PR/221/2020/DD/230/2020/BOD/660/2022, dated 16th April 2024, issued by the Institute of Chartered Accountants of India, New Delhi, states that 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. Avadhoot Ramesh Asaikar (Membership No. 102887), of 65/20 1st Floor, Krutanjali, Shangrilla Restaurant Lane, Law College Road, Pune, Maharashtra 411004, 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 a hearing under Rule 15(1), ordered removal of his name from the Register of Members for one month and imposed a fine of Rs. 50,000 (Rupees Fifty Thousand). 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 one month with effect from 16th April 2024. Advertisement No. ADVT.-III/4/Exty./033/2024-25, signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18042024-253746 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 264] NEW DELHI, TUESDAY, APRIL 16, 2024/CHAITRA 27, 1946 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 16th April, 2024 (CHARTERED ACCOUNTANTS) No. PR/221/2020/DD/230/2020/BOD/660/2022.— 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. Avadhoot Ramesh Asaikar (M. No. 102887), 65/20 1st Floor, Krutanjali, Shangrilla Restaurant Lane, Law College Road, PUNE(Maharashtra) 411004, 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. Avadhoot Ramesh Asaikar (M. No. 102887) from the Register of Members for a period of 01(One) month and also imposed a Fine of Rs. 50,000/- (Rupees Fifty Thousand) 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. Avadhoot Ramesh Asaikar (M. No. 102887) shall stand removed from the Register of Members for a period of 01(One) month with effect from 16th April, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./033/2024-25]

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