CA Professional Misconduct: ICAI Removes Names of 5 Chartered Accountants from Members Register

The Institute of Chartered Accountants of India ( ICAI ) has removed the name of 5 Chartered Accountants from the register of members. The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found Chartered Accountants guilty of professional misconduct . Names of these Member has been removed from the Register of ICAI.

Disciplinary Committee has held CA. Subrata De (Membership No. 054962), 8/2, Kiran Shankar Roy Road, Second Floor, Room No. 1 & 1 B, KOLKATA(West Bengal) 700001 guilty of Professional Misconduct falling within the meaning of Clauses (7) and (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Subrata De (Membership No. 054962) from the Register of Members for a period of 24(Twenty Four) months which has also been upheld by the Appellate Authority vide its order pronounced on 25th October, 2022. 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. Subrata De (Membership No. 054962), shall stand removed from the Register of Members for a period of 24(Twenty Four) months with effect from 16th December, 2022.

Disciplinary Committee has held CA. Swapan Acharjee (Membership No. 062815), 7, Dispensary Lane, Mina Bhavan, 1st Floor, Flat No. 13, Nadia, RANAGHAT(West Bengal)-741201, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Swapan Acharjee (Membership No. 062815) from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakhs) only to be paid within 90 (ninety) days and in case of default in payment of fine within stipulated time, his name be removed for an additional period of 1(one) month. 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 said CA. Swapan Acharjee (Membership No. 062815), shall stand removed from the Register of Members for a consolidated period of 04(Four) months [03(three) months plus additional 1(one) month] with effect from 16th December, 2022.

Disciplinary Committee has held CA. Praveen Kumar Aggarwal (Membership No. 015159), 23, Bhai Veer Singh Marg, Gole Market, New Delhi 110 001, guilty of Professional Misconduct falling within the meaning of Clauses (7) & (8) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Praveen Kumar Aggarwal (Membership No. 015159) 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. Praveen Kumar Aggarwal (Membership No. 015159) was removed from the Register of Members for a period of 01(One) year with effect from 6th July, 2022 vide Notification dated 6th July, 2022 published in Part III of Section 4 in Extraordinary Gazette of India. Aggrieved by Order of the Committee, the Respondent preferred an Appeal in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority vide its order pronounced on 20th November, 2022 had modified the period of removal of name from 01(One) year to 06(six) months. Accordingly, in pursuance of the said order of the Appellate Authority, the notification dated 6th July, 2022 wherein the name of CA. Praveen Kumar Aggarwal (Membership No. 015159) was removed from the Register of Members for a period of 1(one) year is hereby modified to the extent that the name of CA. Praveen Kumar Aggarwal (Membership No. 015159) stands removed for a period of 06(six) months instead of 01(one) year w.e.f. 6th July, 2022.

Disciplinary Committee has held CA. (Ms.) Bhavya Garg (Membership No. 124759), Prayag Chand Hariram, Ralles Road, AMRAVATI- 444601, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. (Ms.) Bhavya Garg (Membership No. 124759) from the Register of Members for a period of 01(one) year, which is also upheld by the Appellate Authority vide its order pronounced on 3rd November, 2022. 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, it is hereby notified that the name of said CA. (Ms.) Bhavya Garg (Membership No. 124759), shall stand removed from the Register of Members for a period of 01(one) year with effect from 16th December, 2022.

Disciplinary Committee has held CA. Anil Mittal (Membership No. 088204), Office No. 37-38, C-Block, DDA Market, Surajmal Vihar, DELHI-110092, guilty of Professional and Other Misconduct falling within the meaning of Items (5),(6),(7) and (8) of Part I of Second Schedule and Item (2) of Part IV of the First Schedule read with Section 22 of the aforesaid Act and consequently ordered for PERMANENT removal of name of CA. Anil Mittal (Membership No. 088204) from the Register of Members and also imposed a fine of Rs. 5,00,000/- (Rupees Five Lakhs only). 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. Anil Mittal (Membership No. 088204), shall stand removed PERMANENTLY from the Register of Members with effect from 16th December, 2022.