Appellate Authority restores name of CA guilty of Professional Misconduct in Register of Members

In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Abraham Zachariah (Membership No.024413),103, Prince Residency, 20, Sterling Road Avenue, Nungambakkam, CHENNAI 600 034, guilty of Professional Misconduct falling within the meaning of Clauses (2) and (7) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Abraham Zachariah (Membership No. 024413) from the Register of Members for a period of 01 (One) year.

In pursuance thereof 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, the name of said CA. Abraham Zachariah (Membership No. 024413) was removed from the Register of Members for a period of 01 (One) year with effect from 11th January, 2022. Aggrieved by the Order of the Committee, the Respondent preferred Appeal in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority vide its order pronounced on 17th August, 2022 had modified the quantum of punishment to the period already undergone by the Appellant and also ordered for restoration of name of the Appellant in the Register of Members forthwith. Accordingly, in pursuance of the said order of the Appellate Authority, the notification dated 11th January, 2022 wherein the name of CA. Abraham Zachariah (Membership No. 024413) was removed for a period of 01(one) year is hereby modified to the extent that his name stands removed till 16th August, 2022 only.