Reetu | Mar 4, 2023 | Views
CA convicted by Court; ICAI removes name from Register of Member
The Institute of Chartered Accountants of India (ICAI) removes the name of a chartered accountant from the register of members, after court convicted the CA.
In Notification issued ICAI Stated, “In exercise of the powers conferred by sub-section(1)(d) of Section 20 of the Chartered Accountants Act, 1949 and in terms of provisions of Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that a CHARTERED ACCOUNTANT has incurred disability within the meaning of Clause (v) of Section 8 of the Chartered Accountants Act, 1949 read with Section 20(1)(d) for having been convicted by the Hon’ble High Court of Delhi for the offences under Section 354 and 506 (II) of Indian Penal Code, 1860 in Cr. LA 828/2009. Thereafter, the Council of the Institute, after affording an opportunity of hearing to CHARTERED ACCOUNTANT as per the directions issued by the Hon’ble High Court of Delhi in W.P. No. 6819/2020 dated 21.01.2022 has ordered that the name of CHARTERED ACCOUNTANT be removed from the Register of Members under Section 20(1)(d) of the Chartered Accountants Act, 1949 for incurring the disability as specified in Section 8(v) of the said Act.
Now, therefore, it is hereby notified that the name of the said Chartered Accountant shall stand removed from the Register of Members and convicted CA shall not be entitled to practice as ‘Chartered Accountant’ with effect from the date of publication of this notification.
For Official Notification Download PDF Given Below:
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