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Core Purpose

Notification of a disciplinary order removing a Chartered Accountant's name from the Register of Members for professional misconduct under the Chartered Accountants Act, 1949.

Detailed Summary

The Institute of Chartered Accountants of India Notification No. PPR/253/2018/DD/186/INF/2018/DC/1500/2021 dated 28 June 2024, 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. The Disciplinary Committee held CA. Sachin Madhukar Pachkhede (Membership No. 104660), of Kharghar, Navi Mumbai, guilty of professional misconduct under Items (5), (6), (7) and (9) of Part I of the Second Schedule to the Act, and, after affording an opportunity of being heard under Rule 19(1), ordered removal of his name from the Register of Members for three months and imposed a fine of Rs. 1,00,000 payable within 60 days of receipt of the order. The removal, notified under Regulation 18 of the Chartered Accountants Regulations, 1988 pursuant to Section 20(2) of the Act, took effect from 28 June 2024. Signed by CA. (Dr.) Jai Kumar Batra, Secretary (ADVT.-III/4/Exty./227/2024-25).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-29062024-255026 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 458] NEW DELHI, FRIDAY, JUNE 28, 2024/ASHADHA 7, 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 28th June, 2024 (CHARTERED ACCOUNTANTS) No. PPR/253/2018/DD/186/INF/2018/DC/1500/2021.—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. Sachin Madhukar Pachkhede (Membership No. 104660), C/o. Sachin Pachkhede, Flat No.301-B, Yash Avenue, Plot No.51-C, Sector 20, Kharghar, NAVI MUMBAI-410210 guilty of Professional Misconduct falling within the meaning of Items (5), (6), (7) and (9) of Part I of 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. Sachin Madhukar Pachkhede (Membership No. 104660) 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 60 days 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. Sachin Madhukar Pachkhede (Membership No. 104660), shall stand removed from the Register of Members for a period of 3 (Three) months with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secretary [ADVT.-III/4/Exty./227/2024-25] 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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