Executive Summary:
This notification, issued by the Council of the Institute of Chartered Accountants of India, announces the removal of Shri D.K. Agarwal from the register of members. The High Court of Allahabad ordered these actions under Section 216c of The Chartered Accountants Act, 1949. The removal is effective from the date of publication of this notification, November 29, 2017.
Key Points / Main Content:
Removal of Member from Register:
* Shri D.K. Agarwal's name is removed from the register of members of the Institute of Chartered Accountants of India.
* The removal follows orders from the Hon'ble High Court of Allahabad.
Grounds for Removal:
* The removals are due to findings of "Other Misconduct" under Section 22 read with Section 21 of The Chartered Accountants Act, 1949.
* Reference No. 1 of 1999 resulted in a five-year removal, ordered on April 25, 2017.
* Reference No. 2 of 1999 resulted in permanent removal, ordered on September 28, 2017.
Effective Date:
* The permanent removal is effective from the publication date of the notification.
Impact Analysis:
Members of the Institute of Chartered Accountants of India:
Impact: The notification informs members about the disciplinary action taken against a fellow member, affecting the integrity and reputation of the institute.
Action Required: Members should be aware of the consequences of misconduct and uphold the ethical standards of the profession.
Institute of Chartered Accountants of India (Council):
Impact: The Council is responsible for enforcing the Act and ensuring ethical conduct among its members.
Action Required: The Council must update and maintain the register of members, reflecting the removal of Shri D.K. Agarwal.
Shri D.K. Agarwal:
Impact: Shri D.K. Agarwal is barred from practicing as a Chartered Accountant.
Action Required: Shri D.K. Agarwal is removed permanently from the register of members from the date of publication of this notification and must cease practicing as a Chartered Accountant.
Key Entities Referenced
The Institute of Chartered Accountants of India: An organization set up under an Act of Parliament, responsible for regulating the profession of chartered accountancy in India.
Chartered Accountants Act, 1949: A legislative act governing the profession of chartered accountancy in India.
Chartered Accountants Regulations, 1988: Regulations related to the Chartered Accountants Act, 1949.
High Court of Allahabad: A High Court in Uttar Pradesh, India.
Section 216c: A section of the Chartered Accountants Act, likely related to disciplinary actions or references to the High Court.
Shri D.K. Agarwal: A Chartered Accountant who is subject to disciplinary action, resulting in the removal of his name from the register of members.
Section 22: A section of the Chartered Accountants Act, likely pertaining to misconduct.
Section 21: A section of the Chartered Accountants Act, likely pertaining to misconduct.
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EXTRAORDINARY
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PART III—Section 4
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PUBLISHED BY AUTHORITY
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No. 452] NEW DELHI, WEDNESDAY, NOVEMBER 29, 2017/AGRAHAYANA 8, 1939
भभभभााााररररततततीीीीयययय चचचचााााटटटट(cid:4)(cid:4)डड(cid:4)(cid:4)डड (cid:4)(cid:4)(cid:4)(cid:4) एएएएककककााााउउउउंंंंटटटट(cid:10)(cid:10)(cid:10)(cid:10)(cid:11)(cid:11)(cid:11)(cid:11)सससस सससस(cid:13)(cid:13)ंं(cid:13)(cid:13)ंं थथथथाााानननन
(संसद ्के अिधिनयम (cid:1)ारा (cid:4)थािपत)
अिधसूचना
नई (cid:12)द(cid:14)ल ी, 20 नव(cid:18)ब र, 2017
(चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स)
सससस..ंं..ंं 22229999----ससससीीीीएएएए////ललललॉॉॉॉ////डडडडीीीी----66669999,,,, 88882222////2222000011117777.— चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स िविनयम, 1988 के िविनयम 18 के साथ प(cid:14)ठत,
चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स अिधिनयम, 1949 क(cid:17) धारा 20 क(cid:17) उपधारा (2) (cid:18)ारा (cid:20)द(cid:22) शि(cid:25)य(cid:27) का (cid:20)योग करत े (cid:30)ए,
भारतीय चाट(cid:4)ड(cid:4) एकाउंट(cid:10)(cid:11)स सं(cid:31)थान क(cid:17) प(cid:14)रषद ् (cid:18)ारा यह अिधसूिचत $कया जाता ह ै $क माननीय इलाहाबाद उ*
+यायालय ने, उ(cid:25) अिधिनयम क(cid:17) धारा 21(6)(ग) के अनुसरण म(cid:10), चाट(cid:4)ड (cid:4) एकाउंट(cid:10)ट िनदश- मामला सं. 1/1999 म(cid:10)
तारीख 25 अ(cid:20)ैल, 2017 को यह आदशे $कया ह ै $क 4ी डी.के. अ7वाल, चाट(cid:4)ड (cid:4) अकाउंट(cid:10)ट, 46-ए, माधव कुंज,
(cid:20)ताप नगर, आगरा-282010 (सद(cid:31)यता सं. 016535) के नाम को, चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स अिधिनयम, 1949 क(cid:17) धारा
21 के साथ प(cid:14)ठत धारा 22 के अंतग(cid:4)त आन े वाले ‘अ+य अवचार’ का दोषी पाए जान े के कारण पांच वष(cid:4) क(cid:17) अविध
के िलए सद(cid:31)य (cid:27) के रिज(cid:31)ट र से हटा $दया जाए ।
भारतीय चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स सं(cid:31)थान क(cid:17) प(cid:14)रषद ् (cid:18)ारा यह और अिधसूिचत $कया जाता ह ै $क माननीय इलाहाबाद
उ* +यायालय ने एक अ+य मामले म(cid:10), उ(cid:25) अिधिनयम क(cid:17) धारा 21(6)(ग) के अनुसरण म(cid:10), चाट(cid:4)ड (cid:4) एकाउंट(cid:10)ट िनदश-
मामला सं. 2/1999 म (cid:10) तारीख 28 िसतंबर, 2017 को यह आदशे $कया ह ै $क 4ी डी.के. अ7वाल, चाट(cid:4)ड (cid:4) अकाउंट(cid:10)ट,
46-ए, माधव कुंज, (cid:20)ताप नगर, आगरा-282010 (सद(cid:31)यता सं. 016535) के नाम को, उ+ह (cid:10) चाट(cid:4)ड (cid:4) एकाउंट(cid:10)(cid:11)स
6965 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
अिधिनयम, 1949 क(cid:17) धारा 21 के साथ प(cid:14)ठत धारा 22 के अंतग(cid:4)त आने वाल े ‘अ+य अवचार’ का दोषी पाए जान े के
कारण (cid:31)थायी @प से सद(cid:31)य (cid:27) के रिज(cid:31)ट र से हटा $दया जाए। उपरो(cid:25) को Aयान म(cid:10) रखते (cid:30)ए, यह अिधसूिचत $कया
जाता ह ै $क 4ी डी.के. अ7वाल का नाम इस अिधसूचना के (cid:20)काशन क(cid:17) तारीख स े (cid:31)थायी @प से सद(cid:31)य(cid:27) के रिज(cid:31)टर
से हट जाएगा ।
वी. सागर,,,, सिचव
[foKkiu&III@4@vlk-@319@173]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up under an Act of Parliament)
NOTIFICATION
New Delhi, the 20th November, 2017
(CHARTERED ACCOUNTANTS)
No.29-CA/LAW/D-69, 82/2017.—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 Allahabad has,
in pursuance to Section 21(6)(c) of the said Act, in Chartered Accountant Reference Nos. 1 of 1999 ordered on 25th
April, 2017 that the name of Shri D.K. Agarwal, 46-A, Madhav Kunj, Pratap Nagar, Agra- 282010 (M.No.016535) be
removed from the register of members for a period of five years for having been found guilty of “Other Misconduct”
falling under Section 22 read with Section 21 of the Chartered Accountants Act, 1949.
It is further notified by the Council of the Institute of Chartered Accountants of India that the Hon’ble High Court of
Allahabad has in another case, in pursuance to Section 21(6)(c) of the said Act, in Chartered Accountant Reference Nos.
2 of 1999 ordered on 28th September, 2017 that the name of Shri D.K. Agarwal, 46-A, Madhav Kunj, Pratap Nagar,
Agra- 282010 (M.No.016535) be removed from the register of members permanently for having been found guilty of
“Other Misconduct” falling under Section 22 read with Section 21 of the Chartered Accountants Act, 1949. In view of
the above, it is notified that the name of Shri D. K. Agarwal shall stand removed permanently from the register of
members from the date of publication of this notification.
V. SAGAR, Secy.
[ADVT-III/4/Exty./319/173]
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.