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Core Purpose

Notification by the Institute of Chartered Accountants of India removing Chartered Accountant Santhosh D N (Membership No. 252502) from the Register of Members for a consolidated period of three years and thirty days, effective 30th August 2024, for professional misconduct and non-payment of an imposed fine.

Detailed Summary

The Institute of Chartered Accountants of India, in notification No. PR/G/102/2022/DD/129/2022/DC/1682/2022 dated 30th August 2024, records that its Disciplinary Committee, 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, held CA. Santhosh D N (Membership No. 252502) of Yeshwanthapura, Malur Taluk, Kolar District, Bengaluru, guilty of professional and other misconduct under Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule to the Act, ordering removal from the Register of Members for three years and a fine of Rs. 2,00,000 payable within ninety days. Because the fine was not paid within the stipulated period, the Institute, exercising powers under sub-section (2) of Section 20 of the Act read with Regulation 18 of the Chartered Accountants Regulations, 1988, notifies removal of CA. Santhosh D N's name from the Register of Members for a consolidated period of three years and thirty days, effective 30th August 2024. The notification is signed by CA. (Dr.) Jai Kumar Batra, Secretary, under reference ADVT.-III/4/Exty./453/2024-25.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30082024-256780 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 682] 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/102/2022/DD/129/2022/DC/1682/2022.—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. Santhosh D N (M. No. 252502), Yeshwanthapura, Malur Taluk, Kolar District, BENGALURU 563130, guilty of Professional and Other Misconduct falling within the meaning of Item (7) of Part I of Second Schedule and Item (2) of Part IV of the First 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. Santhosh D N (M. No. 252502) from the Register of Members for a period of 03(Three) years and also imposed a fine of Rs. 2,00,000/- (Rupees Two Lakhs 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 had failed to pay 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 CA. Santhosh D N (M. No. 252502), shall stand removed from the Register of Members for a consolidated period of 03(Three) years and 30 (Thirty) days [03 (Three) years plus additional 30 (Thirty) days] with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./453/2024-25]

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