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EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 861] NEW DELHI, WEDNES DAY , DECEMBER 27, 2023/ PAUS HA 6, 1945
CG-DL-E-27122023-250921
THE INSTITUTE OF CHARTERED ACCOUNTANTS 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/41/09 : In terms of the provision s of Section 21B(3) of the Chartered
Accountants Act, 1949 read with Rules 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. Siv a Prasad Pulavarthi (Membership No. 204076), Flat No. 501, Block A Fresh Living Apartments, Next to
Reliance Fresh Super Market, HYDERABAD(Telangana) -500081, guilty of Professional Misconduct falling
within the meaning of Clause (1) of Part II and Clause (7) of Part I of Second Schedule to the aforesaid Act. After
affording an opportunity of hearing in terms of Rule 19(1) of the aforesaid Rules, the Disciplinary Committee ordered
for PERMANENT removal of the name of aforesaid CA. Siva Prasad Pulavarthi ( Membership No. 204076) from
the Register of Members and also imposed a fine of Rs. 5,00,000/ -(Rupess Five Lakhs 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 Authority 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 of ICAI against the fine imposed upon him in the matter. Aggrieved by the said Order, CA. Siva Prasad
Pulavarthi (Membership No. 204076) filed a Writ Petitio n bearing no. 553/2013, before the Hon’ble High Court of
Delhi, wherein an interim stay was granted vide Order dated 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
CA. Siva Prasad Pulavarthi (Membership No. 204076), shall stand PERMANENTLY removed from the
Register of Members with effect from 27th December, 2023.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT. -III/4/Exty./6 44/2023 -24]
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