ICAI removes names of 2 CAs permanently from Register of Members for Professional Misconduct [Read Order]

The Order reads as follows:

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. Ravindernath Ch (Membership No. 204494), 5/3RT L I G H, Flat No. 202, Vijayanagar Colony, HYDERABAD (Telangana)-500057, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II and Clause (7) of Part I of the Second Schedule to the aforesaid Act. After affording an opportunity of hearing in terms of Rule 19(1) of the aforesaid Rules, the Disciplinary Committee ordered for PERMANENT removal of the name of aforesaid CA. Ravindernath Ch (Membership No. 204494) from the Register of Members and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakh only). Aggrieved by Order of the Committee, the Respondent preferred an Appeal in terms of Section 22G of the Chartered Accountants Act, 1949, wherein an interim stay was granted vide Order dated 25th February, 2012. However, the Appellate Authority vide its Order dated 5th September, 2012 dismissed the appeal and upheld the impugned Order of the Disciplinary Committee. In compliance of the same, the Respondent had deposited a demand draft of Rs. 5,00,000/-(Rupees Five Lakhs only) in favour of ICAI against the fine imposed upon him in the matter. Aggrieved by the said Order, CA. Ravindernath Ch (Membership No. 204494) filed a Writ Petition bearing no. 554/2013, before the Hon’ble High Court of Delhi, wherein an interim stay was grated on 18th February, 2013. However, the said Writ Petition was dismissed by the Hon’ble High Court of Delhi vide its Order dated 24th May, 2023, on account of non-prosecution. In pursuance thereof 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 said CA. Ravindernath Ch (Membership No. 204494), shall stand PERMANENTLY removed from the Register of Members with effect from 27th December, 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. Siva Prasad Pulavarthi (Membership No. 204076), Flat No. 501, Block A Fresh Living Apartments, Next to Reliance Fresh Super Market, HYDERABAD (Telangana)-500081, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II and Clause (7) of Part I of Second Schedule to the aforesaid Act. After affording an opportunity of hearing in terms of Rule 19(1) of the aforesaid Rules, the Disciplinary Committee ordered for PERMANENT removal of the name of aforesaid CA. Siva Prasad Pulavarthi (Membership No. 204076) from the Register of Members and also imposed a fine of Rs. 5,00,000/-(Rupess Five Lakhs only). Aggrieved by Order of the Committee, the Respondent preferred an Appeal in terms of Section 22G of the Chartered Accountants Act, 1949, wherein an interim stay was granted vide Order dated 25th February, 2012. However, the Appellate Authority vide its Order dated 5th September, 2012 dismissed the appeal and upheld the impugned Order of the Disciplinary Committee. In compliance of the same, the Respondent had deposited a demand draft of Rs. 5,00,000/-(Rupees Five Lakhs only) in favour of ICAI against the fine imposed upon him in the matter. Aggrieved by the said Order, CA. Siva Prasad Pulavarthi (Membership No. 204076) filed a Writ Petition bearing no. 553/2013, before the Hon’ble High Court of Delhi, wherein an interim stay was granted vide Order dated 18th February, 2013. However, the said Writ Petition was dismissed by the Hon’ble High Court of Delhi vide its Order dated 24th May, 2023, on account of non-prosecution. In pursuance thereof 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. Siva Prasad Pulavarthi (Membership No. 204076), shall stand PERMANENTLY removed from the Register of Members with effect from 27th December, 2023.