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Core Purpose

Notification by the Institute of Chartered Accountants of India removing CA. Radhey Shyam Bansal from the Register of Members for 45 days and imposing a fine of Rs. 75,000 for professional misconduct.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI), New Delhi, in Notification No. PPR/P/64/2014/DD/51/INF/2014/BOD/304/2017 dated 23rd August 2024, 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. Radhey Shyam Bansal (Membership No. 091903), of 202, II Floor, E-371, Nirman Vihar, Delhi 110092, guilty of "Professional and Other Misconduct" under Clause (2) of Part III and Clause (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 read with Section 22 of the said Act; pursuant to the Board's order (following the Delhi High Court's order dated 29th April 2024 in WP(C) 5247/2024) 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 CA. Radhey Shyam Bansal's name shall stand removed from the Register of Members for a period of 45 (Forty Five) days with effect from 23rd August 2024, and a fine of Rs. 75,000 (Rupees Seventy Five Thousand) is also imposed; the notification is signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-27082024-256667 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 664] NEW DELHI, TUESDAY, AUGUST 27, 2024/BHADRA 5, 1946 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. PPR/P/64/2014/DD/51/INF/2014/BOD/304/2017.—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. Radhey Shyam Bansal(M. No. 091903), 202, II Floor, E-371, Nirman Vihar, DELHI 110092, guilty of Professional and 'Other Misconduct' falling within the meaning of Clause (2) of Part III and Clause (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. Radhey Shyam Bansal(M. No. 091903) from the Register of Members for a period of 45(Forty Five) days and also imposed a fine of Rs. 75,000/- (Rupees Seventy Five Thousand) only. In pursuance of the aforesaid Order of the Board of Discipline, which was passed pursuant to the Order dated 29th April, 2024 passed by the Hon'ble High Court of Delhi in WP(C) 5247/2024 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. Radhey Shyam Bansal(M. No. 091903) shall stand removed from the Register of Members for a period of 45(Forty Five) days with effect from 23rd August, 2024. CA.(Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./430/2024-25]

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