## Report on Notification Regarding Shri D.K. Agrawal and the Institute of Chartered Accountants of India
**1. Executive Summary:**
This report analyzes a notification published by the Institute of Chartered Accountants of India (ICAI) concerning the reinstatement of Shri D.K. Agrawal to the register of members. The notification reverses a prior decision to remove Shri Agrawal due to misconduct, following a Supreme Court order that set aside previous rulings. However, the reinstatement is conditional and subject to further review by the Council of the ICAI. The report details the background, rationale, key changes, affected parties, and potential implications of this notification.
**2. Introduction:**
This report aims to provide an informative overview of the notification concerning Shri D.K. Agrawal's reinstatement to the register of members of the Institute of Chartered Accountants of India (ICAI), based solely on the provided official gazette text. This analysis will detail the policy background, changes, and possible effects on stakeholders.
**3. Policy Overview:**
* **Amendment:** This notification acts as an amendment to previous decisions regarding the removal of Shri D.K. Agrawal from the register of members of the ICAI.
* **Core Objective(s):** The core objective of this notification is to comply with the order of the Hon'ble Supreme Court of India to reinstate Shri D.K. Agrawal's name to the register of members, pending further review by the Council of the ICAI.
**4. Background and Rationale:**
* **Amendment Explanation:** The amendment is prompted by the Hon'ble Supreme Court's order, which set aside the previous rulings by the Council of ICAI and the Allahabad High Court regarding the removal of Shri D.K. Agrawal from the register. The Supreme Court remitted the matters back to the Council of ICAI for fresh consideration.
**5. Key Provisions / Changes:**
* This notification specifically focuses on reversing the prior removal of Shri D.K. Agrawal from the register of members of the ICAI.
* **Specific Part of Original Policy Changed:** This notification effectively suspends/reverses the enforcement of previous notifications regarding the removal of Shri D.K. Agrawal (specifically, Gazette Notification 20th November, 2017 and 29th November, 2017).
* **New Rule/Provision:** The name of Shri D.K. Agrawal shall be restored to the register of members of the ICAI from the date of publication of this notification in the Gazette of India.
* **Difference/Effect of Change:** This change means that Shri D.K. Agrawal is now considered a member in good standing with the ICAI, at least temporarily, and is entitled to the rights and privileges associated with membership, subject to the outcome of the Council's reconsideration. This potentially affects his ability to practice as a Chartered Accountant, which was previously restricted.
**6. Target Audience and Stakeholders:**
Based on the text, the primary stakeholders directly affected by this notification are:
* **Shri D.K. Agrawal:** His professional standing is directly impacted.
* **The Institute of Chartered Accountants of India (ICAI):** The ICAI is responsible for implementing the order and conducting the reconsideration.
* **Members of the ICAI:** This notification may impact public perception of the ICAI and its disciplinary procedures.
* **Clients and stakeholders of Shri D.K. Agrawal:** They need to be aware of his restored membership status and the ongoing review by the ICAI.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Council of the Institute of Chartered Accountants of India is primarily responsible for implementing the reinstatement and conducting the further review. The Supreme Court of India has already played a role by issuing the order.
* **Timelines or Procedures:** The reinstatement is effective from the date of publication of the notification in the Gazette of India (December 17, 2021). However, the text does not specify any timelines for the Council's reconsideration.
**8. Expected Outcomes / Impact of Changes:**
* The immediate intended outcome is to comply with the Supreme Court's order and restore Shri D.K. Agrawal's membership.
* The long-term impact hinges on the outcome of the Council's reconsideration. If the Council reaffirms its original decision after reconsideration, Shri Agrawal may again be removed from the register. Conversely, if the Council overturns its original decision, his membership will be fully restored.
* The amendment highlights the importance of due process and the role of the judiciary in overseeing the actions of professional bodies.
* There could be reputational implications for the ICAI depending on how the reconsideration is handled and the ultimate decision.
**9. Conclusion:**
This notification signifies a temporary reversal of the disciplinary action against Shri D.K. Agrawal, mandated by the Supreme Court. The reinstatement is subject to further review by the Council of ICAI, making the long-term impact uncertain. This notification underscores the legal oversight of professional regulatory bodies and the importance of procedural fairness. The situation requires ongoing monitoring by affected stakeholders pending the Council's final decision.
Key Entities Referenced
NEW DELHI: Capital of India, place of publication of the gazette notification.
The Chartered Accountants Act, 1949: Law under which powers are conferred.
Chartered Accountants Regulations, 1988: Regulations mentioned in the notification.
Council of the Institute of Chartered Accountants of India: The council that notified the High Court order initially.
Honble High Court of Allahabad: Court that ordered the removal of Shri D.K. Agrawal's name from the register of members.
Section 216c: Section of the Chartered Accountants Act, 1949.
Shri D.K. Agrawal: Individual whose name was removed and subsequently restored to the register of members.
Pratap Nagar, Agra: Location of Shri D.K. Agrawal's address in Agra, Uttar Pradesh.
Agra, Uttar Pradesh: City and state where Shri D.K. Agrawal resides.
Section 22: Section of the Chartered Accountants Act, 1949.
Section 21: Section of the Chartered Accountants Act, 1949.
Hon'ble Supreme Court of India: Court that set aside the recommendation orders passed by the Council of ICAI and the Orders of Allahabad High Court.
CA Dr. JAI KUMAR BATRA: Secretary
The Institute of Chartered Accountants of India: Organisation that manages chartered accountants of India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-17122021-231949
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CG-DL-E-17122021-231949
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 655] नई ददल्ली, िुक्रिार, ददसम्ब र 17, 2021/अग्रहायण 26, 1943
No. 655] NEW DELHI, FRIDAY, DECEMBER 17, 2021/AGRAHAYANA 26, 1943
भारतीय चार्टडट अकाउंर्ेंर् सस्ट्ं थान
(संसद ्के अजधजनयम द्वारा स्ट्थाजित)
अजधसचू ना
नई ददल्ली, 15 ददसम् बर, 2021
(चार्टड ट अकाउंर्ेंर्)
स.ं 29-सीए/लॉ/डी-69, 82/2021.—चार्टडट अकाउंर्ेंट्स जिजनयम, 1988 के जिजनयम 18 के साथ िठित, चार्टड ट
अकाउंर्ेंर् अजधजनयम, 1949 की धारा 20 की उिधारा (2) द्वारा प्रदत्त िजियों का प्रयोग करत े हुए, भारतीय चार्टड ट
अकाउंर्ेंर् संस्ट्थान की िठरषद ् द्वारा रािित्र अजधसूचना 29 निंबर, 2017 द्वारा यह अजधसूजचत दकया गया दक माननीय
इलाहाबाद उच्च न्यायालय ने, उि अजधजनयम की धारा 21(6)(ग) के अनुसरण म,ें चार्टडट अकाउंर्ेंर् जनदेि सं. 1999 का 1
में तारीख 25 अप्रलै , 2017 को आदेजित दकया दक श्री डी.के. अग्रिाल, 46-ए, माधि कुंि, प्रताि नगर, आगरा-282010
(सदस्ट्यता सं. 016535) का नाम, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21 के साथ िठित धारा 22 के अंतगटत
आने िाले “अन्य अिचार” का दोषी िाए िाने के कारण िांच िषट की अिजध के जलए सदस्ट् यों के रजिस्ट् र्र से हर्ा ददया िाए
भारतीय चार्टडट अकाउंर्ेंर् संस्ट्थान की िठरषद ् रािित्र अजधसूचना तारीख 29 निंबर, 2017 द्वारा यह भी
अजधसूजचत दकया गया दक माननीय इलाहाबाद उच्च न्यायालय न े अन्य मामल े में उि अजधजनयम की धारा 21(6)(ग) के
अनुसरण म,ें चार्टडट अकाउंर्ेंर् जनदेि स.ं 1999 का 2 म ें तारीख 28 जसतंबर, 2017 को आदेजित दकया दक श्री डी.के.
अग्रिाल, 46-ए, माधि कुंि, प्रताि नगर, आगरा-282010 (सदस्ट्यता स.ं 016535) का नाम, चार्टडट अकाउंर्ेंर्
अजधजनयम, 1949 की धारा 21 के साथ िठित धारा 22 के अतं गटत आन े िाल े “अन्य अिचार” का दोषी िाए िान े के कारण
स्ट्थायी रूि स े सदस्ट् यों के रजिस्ट् र्र स े हर्ा ददया िाए उियुटि को ्यान में रखत े हुए, रािित्र अजधसूचना तारीख 29
निंबर, 2017 द्वारा श्री डी.के. अग्रिाल का नाम उिरोि अजधसूचना के प्रकािन की तारीख स े सदस्ट्यों के रजिस्ट्र्र स े
स्ट्थायी रूि से हर्ा ददया गया
7346 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
माननीय भारत के उच्चतम न्यायालय न े जििेष अनुमजत याजचका सं. 2018 की 5733, 2018 की 5652, 2018
की 8118, 2018 तथा की 24350, 2017 म ें आदिे तारीख 23.09.2021 द्वारा आईसीएआई की िठरषद ् द्वारा िाठरत
जसफाठरि आदेि (िों) को अिास्ट्त कर ददया तथा इलाहाबाद उच् च न्यायालय के आदेि भी अिास्ट्त दकए गए और नए जसरे
से जिचार करने के जलए जिषयों को आईसीएआई िठरषद ् को िािस भेिा अत:, अब यह अजधसूजचत दकया िाता ह ै दक
भारत के रािित्र म ें इस अजधसूचना के प्रकािन की तारीख से श्री डी.के. अग्रिाल का नाम सदस्ट्यों के रजिस्ट्र्र म ें िुन:
स्ट्थाजित कर ददया िाएगा तथाजि, यह भारत के उच्चतम न्यायालय के िूिोि आदेि तारीख 23.09.2021 के अनुसरण में
इस जिषय िर िठरषद ्के िुनर्विचार के और जिजनश्चय के अ्यधीन हैI
सीए (डा.) िय कुमार बत्रा, सजचि
[जिज्ञािन-III/4/असा./518/2021-22]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up under an Act of Parliament)
NOTIFICATION
New Delhi, the 15th December, 2021
(CHARTERED ACCOUNTANTS)
No. 29-CA/LAW/D-69, 82/2021.—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 was notified vide Gazette Notification 20th November, 2017 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. Agrawal, 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 was also notified vide Gazette Notification 29th November, 2017 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. Agrawal, 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, vide Gazette Notification 29th November 2017 the name of
Shri D.K. Agrawal was removed permanently from the register of members from the date of publication of
above notification.
Vide Order dated 23.09.2021 the Hon'ble Supreme Court of India in SLPs Nos. 5733 of 2018, 5652
of 2018, 8118 of 2018 and 24350 of 2017 had set aside the recommendation order(s) passed by the Council
of ICAI and the Orders of Allahabad High Court were also set aside and remitted back the matters to the
Council of ICAI for fresh consideration. Now, therefore, it is hereby notified that the name of
Shri D.K. Agrawal shall be restored in the Register of members from the date of publication of this
Notification in the Gazette of India. The same is however, subject to further decision of the Council on
reconsideration of matter pursuant to aforesaid Order dated 23.09.2021 of the Hon’ble Supreme Court of
India.
CA (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./518/2021-22]
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.