ICAI Removes Names of 2 Chartered Accountants from Members Register on Guilty of Professional Misconduct

ICAI Removes Names of 2 Chartered Accountants from Members Register on Guilty of Professional Misconduct The Institute of Chartered Accountants of India [ICAI] has removed names of 2 Chartered Accountants form members register. The Disciplinary committee of the Institute of Chartered Accountants of India (ICAI) has found 2 Chartered Accountants guilty of professional misconduct. Names of the 2 Members has been removed from the Register along with the Fine. Disciplinary Committee has held CA. Raj Seckhar M S (Membership No. 200772), Macheri Manor 2, S R Layout, Near All India Radio, Coimbatore, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of Second Schedule to the aforesaid Act and consequently vide its order dated 10th December, 2019 ordered for removal of the name of aforesaid CA. Raj Seckhar M S (Membership No. 200772), from the Register of Members for a period of 01(One) month. 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, the name of said CA. Raj Seckhar M S (Membership No. 200772) was removed from the Register of Members for a period of 1(One) month with effect from 25th September, 2020. Disciplinary Committee has held CA. Muthukumaran Jayaraman (Membership No. 207004), 52 A V M Avenue, First Main Road, Virugambakkam, CHENNAI 600 092, guilty of Professional Misconduct falling within the meaning of Item (7) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Muthukumaran Jayaraman (Membership No. 207004) from the Register of Members for a period of 01(One) year and also imposed a fine of Rs. 1,00,000/-(Rupees One Lakh) only to be paid within 3 (three) months and in case of default in payment of fine within stipulated time, his name be removed for additional 1(one) month period. 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. Muthukumaran Jayaraman (Membership No. 207004), shall stand removed from the Register of Members for a consolidated period of 13(Thirteen) months [01(one) year plus additional 1(one) month] with effect from 14th February, 2022.