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Notification by the Institute of Chartered Accountants of India removing the name of CA. Rajagopalan Vedanarayanan from the Register of Members for a consolidated period following a finding of professional misconduct and default in payment of an imposed fine.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI), set up by an Act of Parliament, issued Notification No. PR/G/428A/2018/DD/100/2020/DC/1572/2022 dated 22nd September 2023. 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, the Disciplinary Committee held CA. Rajagopalan Vedanarayanan (Membership No. 029472), of Akash Foundations, Plot No. 6, 17th Street, Chennai, Tamil Nadu 600042, guilty of Professional Misconduct falling within Items (7) and (8) of Part I of the Second Schedule to the Chartered Accountants Act, 1949. After affording an opportunity of being heard under Rule 19(1) of the aforesaid Rules, the Disciplinary Committee ordered removal of his name from the Register of Members for a period of 2 (two) years and imposed a fine of Rs. 50,000 (Rupees Fifty Thousand) payable within 3 (three) months, with default triggering a further 1 (one) month's removal. Since the Respondent failed to pay the fine within the stipulated time, in pursuance of the Disciplinary Committee's order and in exercise of powers under sub-section (2) of Section 20 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 a consolidated period of 25 (twenty-five) months [2 years plus an additional 1 month], with effect from 22nd September 2023. Signed by CA. (Dr.) Jai Kumar Batra, Secretary [ADVT.-III/4/Exty./442/2023-24].

Full Text

6049 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. 659] NEW DELHI , FRIDAY , SEPTEMBER 22, 2023/ BHADRA 31, 1945 CG-DL-E-23092023-248919 CG-DL-E-23092023-248919 THE I NSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 2 2nd September, 2023 (CHARTERED ACCOUNTANTS) No. PR/G/428A/2018/DD/100/2020/DC/1572/2022 .—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. Rajagopalan Vedanarayanan (Membership No. 029472), Akash Foundations, Plot No. 6, 17th Street, CHENNAI (Tamilnadu) 600042, guilty of Professional Misconduct falling within the meaning of Items (7) and (8) of Part I of Second Schedule to the aforesaid Act and consequently after aff ording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of the name of CA. Rajagopalan Vedanarayanan (Membership No. 029472) from the Register of Members for a period of 02(Two) years and also imposed a fin e of Rs. 50,000/ - (Rupees Fifty Thousand) only to be paid within 03(three) months and in case of default in payment of fine within stipulated time, his name be removed from the Register of Members 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, it is hereby notified under Regulat ion 18 of the Chartered Accountants Regulations 1988, that the name of said CA. Rajagopalan Vedanarayanan (Membership No. 029472) , shall stand removed for a consolidated period of 25(Twenty Five) months [02 (Two) years plus additional 01(one)month] with ef fect from 22nd September, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT. -III/4/Exty./ 442/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, May apuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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