Home India The Institute of Chartered Accountants of India In pursuance of Regulation 18 of the Chartered Accountants R...
Date: 31-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that in exercise of the powers conferred by Section

Issued by The Institute of Chartered Accountants of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification issued by The Institute of Chartered Accountants of India (ICAI) announces the removal of a member's name from the Register of Members due to non-payment of prescribed fees.

Key Changes

  • The name of Mr. Varun Saddi, membership number 00003, has been removed from the Register of Members.
  • The removal is effective from March 16, 2018.
  • The reason for removal is the non-payment of prescribed fees.

Impact Analysis

Impact on Mr. Varun Saddi

  • He can no longer represent himself as a member of ICAI.

Impact on ICAI

  • The removal sets a precedent for other members who may be delinquent in their fee payments.

Suggested Action Items

  • ICAI should maintain accurate records of membership status and reasons for removal.

Key Entities Referenced

The Institute of Chartered Accountants of India (ICAI): The governing body for chartered accountants in India, established by an Act of Parliament. Chartered Accountants Act, 1949: The Act of Parliament that establishes and governs the ICAI. Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949, providing detailed rules for the functioning of ICAI and its members. Mr. Varun Saddi: A former member of the Institute of Chartered Accountants of India whose membership has been revoked due to non-payment of fees.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02092023-248521 xxxGIDHxxx CG-DL-E-02092023-248521 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 613] िई ददल्ली, बृहस्ट्ि जतिार, अगस्ट्त 31, 2023/भाद्र 9, 1945 No. 613] NEW DELHI, THURSDAY, AUGUST 31, 2023/BHADRA 9, 1945 द इंस्ट्टीट्यटू ऑफ चाटटड ट अकाउंटेंट्स ऑफ इंजडया (ससं द के अजधजियम द्वारा स्ट्थाजित) िजु िित्र सचू िा िई ददल्ली, 11 अगस्ट्त, 2023 (चाटटडट अकाउंटेंटस) स.ं 3एिसीए(4)/1/2017-2018.—चाटटडट अकाउंटेंट्स जिजियम, 1988 के जिजियम 18 के अिुसरण म ें यह अजधसूजचत दकया िाता ह ै दक भारतीय चाटटडट अकाउंटेंटस संस्ट्थाि की िररषद ि,े चाटटडट अकाउंटेंटस अजधजियम, 1949 की धारा 20(1)(ग) द्वारा प्रदत्त िजियों का प्रयोग करते हुए सदस्ट्य के िाम को , जिजहत फीस का संदाय ि करिे के कारण तारीख 16/03/2018 स े सदस्ट्यों के रजिस्ट्टर स ेहटा ददया ह:ै- क्रम स.ं सदस्ट्य ता स्‍ं य ाकं िाम तारीख 1 MRA (CPA-Australia) 00003 श्री िरुण सद्दी 16/03/2018 सीए. (डॉ.) िय कुमार बत्रा, सजचि [जिज्ञािि III/4/असा./382/2023-24] 5565 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) CORRIGENDUM NOTICE New Delhi, the 11th August, 2023 (Chartered Accountants) No. 3 NCA (4)/1/2017-2018.—In pursuance of Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that in exercise of the powers conferred by Section 20(1) (c) of the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India has removed the name of person from the Register of Members of this Institute with effect from 16/03/2018 on account of non - payment of prescribed fees. Sl.No. M.No Name Date 1 MRA (CPA-Australia) 00003 Mr. Varun Saddi 16/03/2018 CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./382/2023-24] 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.

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