ICAI Suspends Two Chartered Accountants for Misconduct in Different Disciplinary Matters:

ICAI Suspends Two Chartered Accountants for Misconduct in Different Disciplinary Matters To maintain professional ethics and integrity, the Institute of Chartered Accountants of India (ICAI) has suspended two of its members, CA Praveen Murarka and CA Subhash Chander Sharma, for different periods after investigating their misconduct. ICAI's strict measures underscore its firm belief in maintaining high ethical standards, discipline, and professionalism among its members. The Institute is committed to enforcing a robust disciplinary framework to safeguard the public and sustain trust in the accounting profession.

Chartered Accountant Murarka Suspended for Nine Months in Two Distinct Matters

CA Praveen Murarka (Membership No. 513907), from Laxmi Nagar, Delhi, has been suspended for nine months according to an ICAI notification on April 17, 2025. The suspension is due to his involvement in two separate disciplinary cases, where he was found guilty of serious violations of the Chartered Accountants Act, 1949.

1. Case No. PR/G/47/2022/DD/355/2022/DC/1698/2022

Breached provision:

• Item (2), Part IV, First Schedule
• Item (7), Part I, and Item (1), Part II, Second Schedule

Punishment:

• 3-month suspension and a ₹50,000 fine
• 2. Case No. PR/G/27/2022/DD/83/2022/DC/1730/2023

Breached provision:

• Item (7), Part I, Second Schedule

Punishment:

• 6-month suspension

CA Praveen Murarka's Office Address:

• Office No. 102, 82-83, Main Vikas Marg, Above Titan Eye Showroom, Laxmi Nagar, Delhi - 110092

The ICAI Disciplinary Committee ordered that the suspensions will be served consecutively, making it a total of nine months starting from April 17, 2025.

Chartered Accountant Subhash Chander Sharma Suspended for One Month

In another case, CA Subhash Chander Sharma (Membership No. 083982) has been suspended for one month, starting April 17, 2025, after disciplinary action under the Chartered Accountants Act, 1949, and its related rules. As per ICAI's notification, CA Sharma was found guilty of professional and other misconduct under specific sections of the Chartered Accountants Act. The Disciplinary Committee made its decision after giving him a chance to explain himself, according to the rules. CA Subhash Chander Sharma's Address:

• 304, Delhi Chamber, 3453, Delhi Gate, New Delhi - 110002