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Core Purpose

Notification by the Institute of Chartered Accountants of India removing a member's name from the Register of Members for two months for professional misconduct, under Section 21B(3) of the Chartered Accountants Act, 1949.

Detailed Summary

Issued by the Institute of Chartered Accountants of India (ICAI), New Delhi (No. PR/G/261/2022/DD/156/2022/DC/1681/2022, dated 30th August 2024), the notification records that, in terms 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 held CA. Karthik Mohan (Membership No. 243159), of Visveshwarapuram, Bengaluru-560004, guilty of Professional Misconduct falling within Item (7) of Part I of the Second Schedule to the Act. After affording an opportunity of hearing under Rule 19(1), the Committee ordered removal of his name from the Register of Members for two months and imposed a fine of Rs. 20,000, payable within 90 days, with a further 30-day removal in case of default. As the fine was paid within the stipulated time, under Section 20(2) of the Act read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is notified that his name shall stand removed from the Register of Members for two months with effect from 30th August 2024. Signed by CA. (Dr.) Jai Kumar Batra, Secretary (ADVT.-III/4/Exty./452/2024-25).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India No. 681] CG-DL-E-30082024-256779 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, AUGUST 30, 2024/BHADRA 8, 1946 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 30th August, 2024 (CHARTERED ACCOUNTANTS) No. PR/G/261/2022/DD/156/2022/DC/1681/2022. In terms of the provisions 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. Karthik Mohan (Membership No. 243159), NO 16/2, National High School Road, Visveshwarapuram, Near Kamat Hotel, BENGALURU- 560004, guilty of Professional Misconduct falling within the meaning of Item (7) 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. Karthik Mohan (Membership No. 243159) from the Register of Members for a period of 02(Two) months and also imposed a fine of Rs. 20,000/- (Rupees Twenty Thousand only) to be paid within 90(ninety) days and in case of default in payment of fine within stipulated time his name shall be removed for a further period of 30(Thirty) days. Since the Respondent has already paid the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. Karthik Mohan (Membership No. 243159), shall stand removed from the Register of Members for a period of 02(Two) months with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./452/2024-25]

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