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Core Purpose

Notification under Section 20 of the Chartered Accountants Act, 1949 removing a member's name from the Register of Members of the Institute of Chartered Accountants of India for a consolidated period of 13 months for professional and other misconduct and default in fine payment.

Detailed Summary

ICAI notification No. PPR/587/2019/DD/49/INF/2019/DC/1453/2021 dated 22 September 2023, issued under 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, records that the Disciplinary Committee held CA. Hazra Timir Kanti (Membership No. 054696), Kolkata, West Bengal, guilty of professional and other misconduct under Item (1) of Part II of the Second Schedule and Item (2) of Part IV of the First Schedule to the Act, and after a hearing under Rule 19(1), ordered removal from the Register of Members for one year plus a fine of Rs. 25,000 payable within 90 days, with an additional one-month removal for default in timely payment; since the fine was not paid within the stipulated time, in exercise of powers under Section 20(2) of the Act, it is notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that CA. Hazra Timir Kanti's name stands removed for a consolidated period of 13 months (one year plus one additional month) with effect from 22 September 2023, signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

6048 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 658] NEW DELHI , FRIDAY , SEPTEMBER 22, 2023/ BHADRA 31, 1945 CG-DL-E-23092023-248917 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 2 2nd September, 2023 (CHARTERED ACCOUNTANTS) No. PPR/587/2019/DD/49/IN F/2019/DC/1453/2021 .—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. Hazra Timir Kanti (Membership No. 054696), Plot No. 24, Sabuj Kanan, Gopalpur House, KOLKATA (West Bengal) 700136, guilty of Professional and Other Misconduct falling within the meaning of Item (1) of Part II of Se cond Schedule and Item (2) of Part IV of First 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 the name of CA. Hazra Timir Kanti (Membershi p No. 054696) from the Register of Members for a period of 01(One) year and also imposed a fine of Rs. 25,000/ -(Rupees Twenty Five Thousand) only to be paid within 90(ninety) days of receipt of the order and in case of default in payment of fine within st ipulated time, his name be removed from the Register of Members for an additional 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 an d 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 said CA. Hazra Timir Kanti (Membership No. 054696) , shall stand removed for a consolidated period of 13(Thirteen) months [01 (One) year plus additional 01(one)month] with effect from 22nd September, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT. -III/4/Exty./ 441/2023 -24] 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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