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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 a consolidated 120-day period for professional misconduct and default in payment of an imposed fine.

Detailed Summary

This notification (No. PR/G/450/2022/DD/388/2022/DC/1769/2023, dated 30 August 2024) issued by the Institute of Chartered Accountants of India, New Delhi, records that the ICAI Disciplinary Committee, acting 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. Piyush Dadhich (Membership No. 231485), of GF3-A, Sai Vihar Apartments, Old Manipal Hospital Road, Pattanagere Village, Rajarajeshwari Nagar, Bengaluru-560098, guilty of professional misconduct under Item (7) of Part I of the Second Schedule to the Act. After a hearing under Rule 19(1) of the said Rules, the Committee ordered removal of his name from the Register of Members for 90 days and imposed a fine of Rs. 20,000, payable within 90 days, with a further 30-day removal in case of default. Since the fine was not paid within the stipulated time, ICAI, exercising powers under Section 20(2) of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988, notifies that CA. Piyush Dadhich's name shall stand removed from the Register of Members for a consolidated period of 120 days (90 days plus an additional 30 days) with effect from 30 August 2024. The notification is signed by CA. (Dr.) Jai Kumar Batra, Secretary, ICAI.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30082024-256782 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 683] 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/450/2022/DD/388/2022/DC/1769/2023.—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. Piyush Dadhich(M.No. 231485), GF3-A, Sai Vihar Apartments, Old Manipal Hospital Road, Pattanagere Village, Rajarajeshwari Nagar BENGALURU- 560098, guilty of Professional Misconduct falling within the meaning of Item (7) of Part I of Second Schedule to the aforesaid Act and 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. Piyush Dadhich(M.No. 231485) from the Register of Members for a period of 90(Ninety) days 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 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 said CA. Piyush Dadhich(M.No. 231485), shall stand removed from the Register of Members for a consolidated period of 120(One Hundred Twenty) days [90(Ninety) days plus additional 30(Thirty) days] with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./454/2024-25] 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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