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Core Purpose

Notification under Section 20 of the Chartered Accountants Act, 1949 permanently removing a member's name from the Register of Members of the Institute of Chartered Accountants of India for professional misconduct.

Detailed Summary

ICAI notification No. PPR/1/S/09/DD/1/S/INF/09/DC/42/09 dated 27 December 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. Ravindernath Ch (Membership No. 204494), Hyderabad, Telangana, guilty of professional misconduct under Clause (1) of Part II and Clause (7) of Part I of the Second Schedule to the Act, and after a hearing under Rule 19(1), ordered permanent removal from the Register of Members and a fine of Rs. 5,00,000; an appeal under Section 22G was granted an interim stay on 25 February 2012 but was dismissed by the Appellate Authority on 5 September 2012, after which the fine was deposited; a subsequent Writ Petition No. 554/2013 before the High Court of Delhi obtained an interim stay on 18 February 2013 but was dismissed on 24 May 2023 for non-prosecution; consequently, 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. Ravindernath Ch's name stands permanently removed from the Register of Members with effect from 27 December 2023, signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 860] NEW DELHI, WEDNES DAY , DECEMBER 27, 2023/ PAUS HA 6, 1945 CG-DL-E-27122023-250919 THE INSTITUTE OF CHARTERED A CCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 27th December , 2023 (CHARTERED ACCOUNTANTS) No. PPR/1/S/09/DD/1/S/INF/09/DC/42/09 : In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 19 49 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. Ravindernath Ch (Membership No. 204494), 5/3RT L I G H, F lat No. 202, Vijayanagar Colony, HYDERABAD (Telangana) -500057, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II and Clause (7) of Part I of the Second Schedule to the aforesaid Act. After affording an opportunity of h earing in terms of Rule 19(1) of the aforesaid Rules, the Disciplinary Committee ordered for PERMANENT removal of the name of aforesaid CA. Ravindernath Ch (Membership No. 204494) from the Register of Members and also imposed a fine of Rs. 5,00,000/ -(Rupe es Five Lakh only). Aggrieved by Order of the Committee, the Respondent preferred an Appeal in terms of Section 22G of the Chartered Accountants Act, 1949, wherein an interim stay was granted vide Order dated 25th February, 2012. However, the Appellate Au thority vide its Order dated 5th September, 2012 dismissed the appeal and upheld the impugned Order of the Disciplinary Committee. In compliance of the same, the Respondent had deposited a demand draft of Rs. 5,00,000/ -(Rupees Five Lakhs only) in favour o f ICAI against the fine imposed upon him in the matter. Aggrieved by the said Order, CA. Ravindernath Ch (Membership No. 204494) filed a Writ Petition bearing no. 554/2013, before the Hon’ble High Court of Delhi, wherein an interim stay was grated on 18th February, 2013. However, the said Writ Petition was dismissed by the Hon’ble High Court of Delhi vide its Order dated 24th May, 2023, on account of non -prosecution. In pursuance thereof 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. Ravindernath Ch (Membership No. 204494), shall stand PERMANENTLY removed from the Register of Members with effect f rom 27th December, 2023 . CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT. -III/4/Exty./6 43/2023 -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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