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Core Purpose

Notification by the Institute of Chartered Accountants of India removing the name of a member from the Register of Members for three months for professional misconduct, pursuant to an Appellate Authority order reducing the original penalty.

Detailed Summary

This notification, No. PR-229/2014/DD/307/2014/DC/716/2017 dated 28th June 2024, issued by the Institute of Chartered Accountants of India (ICAI), New Delhi, records 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. V Nagarajan (Membership No. 024450), of No. 7 III, 7th Main Road, New Colony, Chromepet, Chennai-600 044, guilty of Professional Misconduct under Clause (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949, and ordered removal of his name from the Register of Members for two years; that the Respondent's appeal (No. 25/ICAI/2021) before the Appellate Authority under section 22G of the Act resulted in an order dated 11th October 2023 reducing the removal period from two years to three months; and that, in exercise of powers under sub-section (2) of section 20 of the Act, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that CA. V Nagarajan's name shall stand removed from the Register of Members for three months with effect from 28th June 2024; 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-29062024-255022 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 456] NEW DELHI, FRIDAY, JUNE 28, 2024/ASHADHA 7, 1946 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 28th June, 2024 (CHARTERED ACCOUNTANTS) No. PR-229/2014/DD/307/2014/DC/716/2017.—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. V Nagarajan (Membership No. 024450), No. 7 III, 7th Main Road, New Colony, Chromepet, CHENNAI-600 044, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of the 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 name of CA. V Nagarajan (Membership No. 024450) from the Register of Members for a period of 02 (Two) years. Aggrieved by Order of the Committee, the Respondent preferred an Appeal (no. 25/ICAI/2021) before the Appellate Authority in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority by its order dated 11th October, 2023 reduced the period of removal of name of the Appellant from 02 (Two) years to 03 (Three) months. In pursuance of the aforesaid Order of the Appellate Authority 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. V Nagarajan (Membership No. 024450), shall stand removed from the Register of Members for a period of 03 (Three) months with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secretary [ADVT.-III/4/Exty./225/2024-25]

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