The notification announces the removal of CA. Radhey Shyam Bansal (Membership No. 091903) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of 45 days, effective from August 23, 2024. This action follows disciplinary proceedings and an order from the Board of Discipline, which was influenced by an order from the Delhi High Court.
Additionally, a fine of Rs. 75,000 has been imposed on CA. Radhey Shyam Bansal.
Key Changes
CA. Radhey Shyam Bansal (Membership No. 091903) is removed from the Register of Members for 45 days, starting August 23, 2024.
A penalty of Rs. 75,000 has been levied on CA. Radhey Shyam Bansal.
The disciplinary action is a result of being found guilty of Professional and 'Other Misconduct' as defined under the Chartered Accountants Act, 1949.
The Board of Discipline's order was passed pursuant to an order from the Delhi High Court in WP(C) 5247/2024 dated April 29, 2024.
Impact Analysis
Impact on CA. Radhey Shyam Bansal
Required action: CA. Radhey Shyam Bansal must comply with the order and refrain from practicing as a Chartered Accountant during the suspension period and pay the fine.
Impact on ICAI Members
Required action: ICAI members should review and understand the Chartered Accountants Act, 1949 and related regulations to ensure compliance.
Impact on Clients/Public
Required action: Clients previously served by CA. Radhey Shyam Bansal should seek alternative arrangements during his suspension period.
Impact on ICAI
Required action: ICAI to update the Register of Members and ensure compliance with the order of the Board of Discipline.
Key Entities Referenced
ICAI (The Institute of Chartered Accountants of India): The regulatory body for Chartered Accountants in India, established by an Act of Parliament.
CA. Radhey Shyam Bansal: Chartered Accountant with Membership No. 091903, subject to disciplinary action.
Board of Discipline: A committee within ICAI responsible for investigating and adjudicating cases of professional misconduct.
Delhi High Court: The High Court of Delhi, which influenced the disciplinary proceedings through its order in WP(C) 5247/2024.
Chartered Accountants Act, 1949: The primary legislation governing the profession of Chartered Accountancy in India.
Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949, providing detailed rules for the functioning of ICAI and its members.
Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules outlining the procedures for investigating professional misconduct by Chartered Accountants.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एल.-अ.-27082024-256667
xxxGIDExxx
CG-DL-E-27082024-256667
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 664] नई ददल्ली, मगं लवार, अगस्ट्त 27, 2024/भाद्र 5, 1946
No. 664] NEW DELHI, TUESDAY, AUGUST 27, 2024/BHADRA 5, 1946
भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी
(ससं दीय अजधजनयम द्वारा स्ट्थाजित)
अजधसचू ना
नई ददल् ली, 23 अगस्ट्त, 2024
(चार्टडट अकाउंर्ेंट्स)
स.ं िीिीआर/िी/64/2014/डीडी/51/आईएनएफ/2014/बीओडी/304/2017.—चार्डट ट अकाउंर्ेंर् (वृज तक र
अन् य कदाचार के अन् वेषणोणऔ र मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 14 के उिजनयम (9 के साथ
िठित, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21क(3 के उिबंधऔ के जनबंधनानुसार अनिु ासन बोडट ने सीए. राध े
श्याम बसं ल (सदस्ट्यता स.ं 091903 , 202, जद्वतीय तल, ई-371, जनमाणट जवहार, ददल्ली 110092 को चार्टड ट अकाउंर्ेंर्
अजधजनयम, 1949 कप धारा 22 के साथ िठित उक्त अजधजनयम कप िहली अनुसूची के भाग III के खंड (2 र भाग IV के
खंड (2 के अथाटन् तगटत वृजिक र ‘अन्य कदाचार’ का दोषणोी अजभजनधाटठरत दकया ह औ र उसके िठरणामस्ट्वरूि अनुिासन
बोडट न े िूवोक्त जनयमऔ के जनयम 15(1 के जनबंधनानुसार सनु वाई का अवसर प्रदान करने के िश्चात,् सीए. राध े श्याम
बंसल (सदस्ट्यता स.ं 091903 के नाम को 45 (िैंतालीस ददन कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदिे
ददया र साथ ही 75,000/- रुिये (केवल जिचहतर हिार रुिए का िुमाटना भी अजधरोजित दकया । अनुिासन बोडट के
िूवोक्त आदेि के अनुसरण म,ें जिसे माननीय ददल्ली उच्च न्यायालय द्वारा ठरर् याजचका (जसजवल) 5247/2024 वाले मामल े
5426 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
में िाठरत तारीख 29 अप्रऔल, 2024 के आदेि के अनुसरण में िाठरत दकया गया था र िूवोक्त अजधजनयम कप धारा 20 कप
उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करत े हुए चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह
अजधसूजचत दकया िाता ह औ दक सीए. राध े श्याम बसं ल (सदस्ट्यता स.ं 091903 का नाम 23 अगस्ट्त, 2024 स े
45 (ितैं ालीस ददन कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा ।
सीए. (डा. िय कुमार बत्रा, सजचव
[जवज्ञािन-III/4/असा./430/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 23rd August, 2024
(CHARTERED ACCOUNTANTS)
No. PPR/P/64/2014/DD/51/INF/2014/BOD/304/2017.—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. Radhey Shyam Bansal(M. No. 091903), 202, II Floor, E-371, Nirman Vihar, DELHI 110092, guilty of
Professional and ‘Other Misconduct’ falling within the meaning of Clause (2) of Part III and Clause (2) of Part IV of
the First Schedule to the Chartered Accountants Act, 1949 read with Section 22 of the said Act 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. Radhey Shyam Bansal(M. No. 091903) from the Register of Members for a period of 45(Forty Five) days
and also imposed a fine of Rs. 75,000/- (Rupees Seventy Five Thousand) only. In pursuance of the aforesaid Order of
the Board of Discipline, which was passed pursuant to the Order dated 29th April, 2024 passed by the Hon’ble High
Court of Delhi in WP(C) 5247/2024 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. Radhey Shyam Bansal(M. No. 091903) shall stand removed from the Register of Members for a period
of 45(Forty Five) days with effect from 23rd August, 2024.
CA.(Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./430/2024-25]
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.