This notification, issued by the Council of the Institute of Chartered Accountants of India on November 17, 2017, concerns disciplinary action against Chartered Accountant Shri Satish Kumar Gupta. In accordance with Section 20(2) of The Chartered Accountants Act, 1949, and Regulation 18 of the Chartered Accountants Regulations, 1988, the notification states that the Hon'ble High Court of Allahabad, under Section 216c of the Act, ordered the removal of Shri Gupta's name (M.No. 070260) from the Register of Members for three months, starting December 1, 2017, and ending February 28, 2018. This action follows Referred Case No. 12014, dated August 2, 2017, in which Shri Gupta was found guilty of Other Misconduct under Section 22 read with Section 21 of the Chartered Accountants Act, 1949. During this period, Shri Gupta is prohibited from practicing as a Chartered Accountant. The notification was issued by V. Sagar, Secretary, The Institute of Chartered Accountants of India. Shri Gupta's address is 1, Navyug Market, 2nd Floor, Ghaziabad 201001.
Key Entities Referenced
The Chartered Accountants Act, 1949: An Act of Parliament under which The Institute of Chartered Accountants of India was set up. It is mentioned in relation to powers conferred by subsection 2 of Section 20 and regarding misconduct falling under Section 22 read with Section 21.
The Institute of Chartered Accountants of India: A professional accounting body in India, set up under an Act of Parliament. The notification is issued by the Council of the Institute.
The Chartered Accountants Regulations, 1988: Regulations related to the Chartered Accountants Act. Regulation 18 is mentioned in the context of powers conferred by the Act.
High Court of Allahabad, Uttar Pradesh: The court that ordered the removal of Shri Satish Kumar Gupta's name from the Register of Members.
Shri Satish Kumar Gupta: A Chartered Accountant whose name is to be removed from the Register of Members for a period of three months due to professional misconduct.
Ghaziabad, Uttar Pradesh: The city where Shri Satish Kumar Gupta is located, as per his address in the notification.
Register of Members: The official register maintained by The Institute of Chartered Accountants of India, from which Shri Satish Kumar Gupta's name is to be removed temporarily.
Section 216c: Section 216c of The Chartered Accountants Act, 1949 in pursuance of which The High Court of Allahabad ordered to remove the name of Shri Satish Kumar Gupta
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No. 451] NEW DELHI, WEDNESDAY, NOVEMBER 29, 2017/AGRAHAYANA 3, 1939
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वी. सागर, सिचव
III
[िवLापन /4/असा./320/17]
6964 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up under an Act of Parliament)
New Delhi, the 17 November, 2017
NOTIFICATION
(CHARTERED ACCOUNTANTS)
No.29-CA/Law/D-338/2017.—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 of Section 21(6)(c) of the said Act, in Referred Case No. 1/2014,
ordered on 2nd August, 2017 that the name of Shri Satish Kumar Gupta, Chartered Accountant, 1, Navyug
Market, 2nd Floor, Ghaziabad- 201001 (M.No. 070260) be removed from the Register of Members for a period
of three months for having been found guilty of “Other Misconduct” falling under Section 22 read with
Section 21 of the Chartered Accountants Act, 1949. Accordingly, it is hereby notified that the name of the said
Shri Satish Kumar Gupta shall stand removed from the Register of Members for a period of three months
from 01.12.2017 to 28.02.2018. During the aforesaid period he shall not practise as a Chartered Accountant in
terms of the said order of the Hon’ble High Court of Allahabad.
V. SAGAR, Secy.
[ADVT.-III/4/Exty./320/17]
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