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Core Purpose

Notification by the Institute of Chartered Accountants of India removing a member's name from the Register of Members for one year following a finding of professional misconduct.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI), acting 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, notified (No. PR/185/2016/DD/220/2016/DC/1422/2021) that its Disciplinary Committee found CA. Sudhakar C (Membership No. 026064), of Bengaluru, Karnataka, guilty of Professional Misconduct under Items (7) and (8) of Part I of the Second Schedule to the Act. After a hearing under Rule 19(1), the Committee ordered removal of his name from the Register of Members for one year and imposed a fine of Rs. 50,000, payable within three months, with a further one-month removal in case of default. As the fine was paid on time, ICAI, exercising powers under sub-section (2) of Section 20 of the Act, notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that his name shall stand removed from the Register of Members for one year with effect from 22nd September 2023. The notification was signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

6088 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. 661] NEW DELHI , FRIDAY , SEPTEMBER 22, 2023/ BHADRA 31, 1945 CG-DL-E-23092023-248944 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. PR/185/2016 /DD/220 /2016/DC/1 422/2021 .—In terms of the provisions of Section 21B(3) of the Chartered Accou ntants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2 007, the Disciplinary Committee has held CA. Sudhakar C (Membership No. 026064 ), No. F 2, First Floor, No. 16, Durgam Complex, Surveyor Street, BENGALURU (Karnataka ) 56000 4, 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 affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of the name of CA. Sudhakar C (Membership No. 026064 ) from the Register of Members for a period of 01(One ) year and also imposed a fine 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 remov ed from the Register of Members for a further period of 01(One) month . Since the Respondent has already paid the impose d 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 Regulation 18 of the Chartered Accountants Regulations 1988 , that the name of said CA. Sudhakar C (Membership No. 026064 ), shall stand removed for a period of 01(One) year with effect from 22nd September , 2023 . CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT. -III/4/Exty./ 440/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of P ublications, Delhi -110054.

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