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Date: 03-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21A 3 of the Chartered Accountants Act, 1949 read with sub rule 9 of Rule 14 of the Chartered Accountants

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

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces disciplinary action taken against Chartered Accountant (CA) Ranjit Kumar Yadav by the Institute of Chartered Accountants of India (ICAI).
  • The Board of Discipline found CA. Ranjit Kumar Yadav guilty of 'Other Misconduct' as defined under the Chartered Accountants Act, 1949.
  • As a result of the misconduct, his name has been removed from the Register of Members for three months, starting from January 3, 2025, and a fine of Rs. 1,00,000 has been imposed.

Key Changes

  • CA. Ranjit Kumar Yadav (Membership No. 525751) is found guilty of 'Other Misconduct' under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949.
  • His name is removed from the Register of Members of ICAI for a period of 3 months, effective from January 3, 2025.
  • A penalty of Rs. 1,00,000 is imposed on CA. Ranjit Kumar Yadav.

Impact Analysis

Impact on CA. Ranjit Kumar Yadav

  • His professional reputation is likely to be negatively impacted.

Impact on Clients of CA. Ranjit Kumar Yadav

  • Clients may experience concerns about the quality of services provided by CA. Ranjit Kumar Yadav in the past.

Impact on ICAI

  • The notification serves as a deterrent for other members who may be considering unethical behavior.

Suggested Action Items

  • ICAI should continue to monitor the conduct of its members and take appropriate disciplinary actions when necessary.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional accounting body in India that regulates the Chartered Accountancy profession. Chartered Accountants Act, 1949: The legislation that governs the Chartered Accountancy profession in India. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules that outline the procedure for investigating professional misconduct by Chartered Accountants. Chartered Accountants Regulations, 1988: Regulations that provide the framework for the functioning of the Institute of Chartered Accountants of India. Board of Discipline: A body within ICAI that investigates and takes action against members for professional misconduct.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04012025-259918 xxxGIDHxxx CG-DL-E-04012025-259918 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 14] नई ददल्ली, िुिवार, िनवरी 3, 2025/िौष 13, 1946 No. 14] NEW DELHI, FRIDAY, JANUARY 3, 2025/PAUSHA 13, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 3 िनवरी, 2025 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/400/2022/डीडी/400/2022/बीओडी/731/2024.—चार्टडट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणों और मामलों के संचालन की प्रदिया) जनयम, 2007 के जनयम 14 के उिजनयम (9) के साथ िठित चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21क(3) के उिबंधों के जनबंधनानुसार संस्ट्थान के अनुिासन बोडट न े सीए. रंिीत कुमार यादव (सदस्ट्यता सख्ं या 525751), बी-239 जद्वतीय तल, वस्ट्े र् जवनोद नगर, नरवाना रोड, ददल्ली 110092 को चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की िहली अनुसूची के भाग IV की मद (2) के अथाटन् तगटत ‘अन्य कदाचार’ का दोषी िहराया ह ैऔर इसके िठरणामस्ट्वरूि िूवोक्त जनयमों के जनयम 15(1) के जनबंधनानसु ार सुनवाई का एक अवसर प्रदान दकए िान े के िश्चात् सीए. रंिीत कुमार यादव (सदस्ट्यता सख्ं या 525751) के नाम को 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर्ान े का आदेि ददया ह ैऔर साथ ही उन िर 1,00,000/- (केवल एक लाख रुिए) का िुमाटना भी अजधरोजित दकया । अनुिासन बोडट के िूवोक्त आदिे के अनुसरण म ें और िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदत्त िजक्तयों का प्रयोग 92 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] करते हुए चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. रंिीत कुमार यादव (सदस्ट्यता सख्ं या 525751) का नाम 3 िनवरी, 2025 स े03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./870/2024-25] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 3rd January, 2025 (Chartered Accountants) No. PR/400/2022/DD400/2022/BOD/731/2024.—In terms of the provisions of Section 21A(3) of the Chartered Accountants Act, 1949 read with sub-rule (9) of Rule 14 of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Board of Discipline has held CA. Ranjit Kumar Yadav (M. No. 525751), B-239 2nd Floor, West Vinod Nagar, Narwana Road, DELHI 110092, guilty of ‘Other Misconduct’ falling within the meaning of Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 and consequently after affording an opportunity of being heard in terms of Rule 15(1) of the aforesaid Rules ordered for removal of the name of CA. Ranjit Kumar Yadav (M. No. 525751) from the Register of Members for a period of 03 (Three) months and also imposed a fine of Rs. 1,00,000/- (Rupees One Lakh only). In pursuance of the aforesaid Order of the Board of Discipline and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that the name of CA. Ranjit Kumar Yadav (M. No. 525751) shall stand removed from the Register of Members for a period of 03(Three) months with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./870/2024-25] 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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