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Core Purpose

Notification under sub-section (2) of Section 20 of the Chartered Accountants Act, 1949, notifying removal of the name of CA. Jigneshkumar Jaysukhlal Korat from the Register of Members for three months and imposition of a fine, pursuant to a Disciplinary Committee order under Section 21B(3) for professional misconduct.

Detailed Summary

The Institute of Chartered Accountants of India, New Delhi (set up by an Act of Parliament) issued notification No. PR/84/18/DD/119/2018/DC/1373/2020 dated 23 August 2024, stating that 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. Jigneshkumar Jaysukhlal Korat (M.No.131303) of M/s. Jignesh Korat & Associates, 3026 3rd Floor Central Bazzar, Opp Varachha Police Station, Varachha Road, Surat 395006, guilty of Professional and Other Misconduct under Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule to the Act; after affording an opportunity of being heard under Rule 19(1), it ordered removal of his name from the Register of Members for three months and imposed a fine of Rs.1,00,000 (Rupees One Lakh) payable within 60 days of receipt of the Order. In pursuance of that 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 three months with effect from 23 August 2024. Signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-27082024-256662 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 659] NEW DELHI, TUESDAY, AUGUST 27, 2024/BHADRA 5, 1946 THE GAZETTE OF INDIA: EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 23rd August, 2024 (CHARTERED ACCOUNTANTS) No. PR/84/18/DD/119/2018/DC/1373/2020.—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. Jigneshkumar Jaysukhlal Korat (M.No.131303) of M/s. Jignesh Korat & Associates, 3026 3rd Floor Central Bazzar, Opp Varachha Police Station, Varachha Road SURAT 395006, guilty of Professional and Other Misconduct falling within the meaning of Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule and 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 name of CA. Jigneshkumar Jaysukhlal Korat (M.No.131303) 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 to be paid within a period of 60 days from the date of receipt of the Order. 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 CA. Jigneshkumar Jaysukhlal Korat (M.No.131303), shall stand removed from the Register of Members for a period of 3(Three) months with effect from 23rd August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./425/2024-25]

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