Date: 2026-04-01Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by Sub Section (2) of Section 20 of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations
**Executive Summary**
This notification announces the removal of Shri S.N. Shivakumar from the Register of Members for a period of three months effective April 1, 2026, following a Delhi High Court order for professional misconduct. While his membership was already inactive since October 1, 2025, due to non-payment of fees, this disciplinary action imposes a mandatory waiting period. Membership cannot be revived until the completion of this three-month term and the submission of a formal application.
**Key Points / Main Content**
**Legal and Judicial Basis**
* The action is taken under Sub-Section (2) of Section 20 of the Chartered Accountants Act, 1949, and Regulation 18 of the Chartered Accountants Regulations, 1988.
* The decision follows an order by the Hon’ble High Court of Delhi dated January 14, 2026 (CHAT.A.REF 1/2018).
**Disciplinary Findings**
* Shri S.N. Shivakumar (Membership No. 088113) was found guilty of “Professional Misconduct.”
* The misconduct falls under Clauses (5), (6), and (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
**Penalty and Duration**
* The individual's name is to be removed from the Register of Members for a duration of three months.
* The disciplinary removal is effective from April 1, 2026.
* During this three-month period, the individual is not entitled to practice as a Chartered Accountant.
**Membership Status and Revival**
* The individual’s name had already been removed from the register as of October 1, 2025, due to non-payment of membership fees and non-renewal of his certificate of practice.
* The new disciplinary removal runs in addition to the existing removal for non-payment.
* Membership revival is strictly prohibited until the three-month disciplinary period expires and a formal application for revival is moved by the individual.
**Impact Analysis**
**Shri S.N. Shivakumar**
**Impact**
He is legally barred from practicing as a Chartered Accountant for three months effective from April 1, 2026. His membership remains inactive, and the disciplinary removal is added to his existing status of removal for non-payment of fees.
**Action Required**
He must cease all practice as a Chartered Accountant for the specified period and, following the completion of the three-month term, must submit a formal application to the Institute to seek any potential revival of membership.
**The Institute of Chartered Accountants of India (Council)**
**Impact**
The Council is mandated to enforce the judgment of the Hon’ble High Court of Delhi and update the Register of Members accordingly.
**Action Required**
The Institute must ensure the member's name remains removed for the disciplinary period and ensure no revival of membership occurs until the legal requirements and timeframes established in the notification are met.
Key Entities Referenced
Chartered Accountants Act, 1949: The primary legislation governing the accounting profession in India, providing the legal basis for disciplinary actions and membership removal.
Institute of Chartered Accountants of India: The statutory regulatory body responsible for overseeing the conduct of Chartered Accountants and implementing judicial orders regarding membership.
High Court of Delhi: The judicial authority that issued the order in CHAT.A.REF 1/2018, finding a member guilty of professional misconduct.
Shri S. N. Shivakumar: The individual (Member No. 088113) removed from the Register of Members for a period of three months following a professional misconduct conviction.
Chartered Accountants Regulations, 1988: The subsidiary regulations used in conjunction with the Act to exercise powers related to the removal and management of members.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-04042026-271557
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 234] नई दिल्ली, बधु िार, अप्रैल 1 , 2026/ चत्रै 11, 1948 ष 22, 1947
No. 234] NEW DELHI, WEDNESDAY, APRIL 1, 2026/ CHAITRA 11, 1948 s 1947
भारतीय चार्टड ट अकाउंर्ेंट्स सस्ट्ं थान
अजधसचू ना
नई दिल्ली, 1 अप्रलै , 2026
(चार्टडट अकाउंर्ेंट्स)
फा. स.ं 29-सीए/लॉ/डी-351/2026.—चार्टड ट अकाउंर्ेंट्स जिजनयम, 1988 के जिजनयम 18 के साथ पठित चार्टड ट
अकाउंर्ेंर् अजधजनयम, 1949 की धारा 20 की उपधारा (2) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, भारतीय चार्टड ट
अकाउंर्ेंट्स संस्ट्थान की पठरषि द्वारा यह अजधसूजचत दकया िाता ह ै दक माननीय दिल्ली उच्च न्यायालय न े उि अजधजनयम
की धारा 21(6)(ग) के अनुसरण में, चैर् ए रैफ 1/2018 में तारीख 14.01.2026 को आििे दिया ह ै दक श्री एस.एन.
जििाकुमार (सिस्ट्यता सं. 088113), ई-7/14, िसंत जिहार, नई दिल्ली-110057 का नाम चार्टडट अकाउंर्ेंर् अजधजनयम,
1949 की िसू री अनुसूची के भाग 1 के खंड (5), (6) और (7) के अथाांतगटत "िृजत्तक किाचार" का िोषी पाए िाने के
पश्चात् तीन मास की अिजध के जलए सिस्ट्यों के रजिस्ट्र्र से हर्ा दिया िाए ।
यह सूजचत दकया िाता ह ै दक श्री एस.एन. जििाकुमार का नाम सिस्ट्यता िल्ु क का संिाय न करन े के कारण
तारीख 01.10.2025 से सिस्ट्यों के रजिस्ट्र्र से हर्ा दिया गया ह ै । अब, माननीय दिल्ली उच्च न्यायालय के उपरोि आिेि
के अनुसार, श्री एस.एन. जििाकुमार की सिस्ट्यता तब तक पनु िीजित नहीं की िाएगी िब तक िे इस संबंध में आिेिन
नहीं करते और उपरोि तीन मास की अिजध पूरी नहीं हो िाती । दिल्ली उच् च न्यायालय द्वारा चैर्.ए.रेफ 1/2018 में
तारीख 14.01.2026 को पाठरत जनणटय के अनुसार सिस्ट्यता रद्द करना तारीख 01.04.2026 से प्रभािी होगा, िो रद्द
करन े के अजतठरि सिस्ट्यता िल्ु क के संिाय न करन े के कारण पहल े से लाग ू ह ै । अत:, अब माननीय दिल्ली उच् च न्यायालय
के उि जनणटय के जनबधं नों म ें तारीख 01.04.2026 स े सिस्ट्यता िुल्क के संिाय न करन े और िृजत्तक प्रमाणपत्र के निीकरण
2359 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
न होने के कारण पहल े से लागू रद्द करने के अजतठरि, श्री एस.एन. जििाकुमार, तारीख 01.04.2026 से 3 मास की अिजध
के जलए चार्टडट अकाउंर्ेंर् के रूप में व्यिसाय करन ेके पात्र नहीं होंग े।
सीए. (डा.) िय कुमार बत्रा, सजचि
[जिज्ञापन-III/4/असा./01/2026-27]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
NOTIFICATION
New Delhi, the 1st April, 2026
(CHARTERED ACCOUNTANTS)
F. No. 29-CA/Law/D-351/2026.—In exercise of the powers conferred by Sub-Section (2) of Section 20 of
the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is
hereby notified by the Council of the Institute of Chartered Accountants of India that the Hon’ble High Court of Delhi
has, in pursuance to Section 21(6)(c) of the said Act, in CHAT.A.REF 1/2018, ordered on 14.01.2026 that the name of
Shri S. N. Shivakumar, E-7/14, Vasant Vihar, New Delhi-110057 (M. No. 088113) be removed from the Register of
Members for a period of three months after finding him guilty of “Professional Misconduct” falling within the
meaning of Clauses (5), (6) and (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
It is hereby informed that the name of Shri S.N. Shivakumar is already removed from register of members
since 01.10.2025 due to non payment of fees. Now in terms of the aforesaid order of the Hon’ble High Court of Delhi
the membership of Shri S.N. Shivakumar shall not be revived unless he moves an application in this regard and after
completion of aforesaid period of three months. The removal in terms of Judgement dated 14.01.2026 passed by
Hon’ble High Court of Delhi in Chartered Reference no 1/2018 shall come into effect from 01.04.2026 in addition to
the removal already in force and in operation due to non payment of membership fees. Therefore, in addition to the
removal already in place due to non payment of membership fee and non renewal of certificate of practice, Sh. S.N.
Shivakumar, shall not be entitled to practice as a Chartered Accountant for a period of 3 months w.e.f. 01.04.2026 in
terms of the said judgment of the Hon’ble High Court of Delhi.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./01/2026-27]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.