CA Professional Misconduct: ICAI Removes Names of A Chartered Accountant from Members Register along with Penalty of Rs. 50000

CA Professional Misconduct: ICAI Removes Names of A Chartered Accountant from Members Register along with Penalty of Rs. 50000 Institute of Chartered Accountants of India [ICAI] Disciplinary - Committee was inter-alia of the opinion that CA. Suresh Kumar Goklani (M.No.075009) (hereinafter referred to as the Respondent") was GUILTY of professional misconduct falling within the. meaning of Item (7) of Part I of the Second Schedule to the Chartered Accountant Act 1949. The Committee noted that the Respondent audited the financials of the Trust without the same being signed by the Trustee and had signed the financials without ascertain as to whether previous financials are accepted by the management or not. The Committee looking into the gravity of charges alleged vis-a-vis admission of the Respondent before it was of the view that the ends of justice shall be met if reasonable punishment is granted to him. Therefore, keeping in view the facts and circumstances of the case, material on record and submissions of the Respondent before it, the Committee ordered that the name of the Respondent i.e. CA. Suresh Kumar Goklani (M.No.075009) be removed for a period of three months along with a penalty of Rs 50,000/- to be payable by him within a period of 30 days. The Committee further ordered that in case of failure of payment of such penalty by the Respondent in stipulated time, his name shall be removed for an additional period of one month in addition to the original three months punishment.