The notification announces the disciplinary action taken against CA. Vinay Khemchand Gupta, a member of the Institute of Chartered Accountants of India (ICAI).
The Board of Discipline found CA. Vinay Khemchand Gupta guilty of 'Other Misconduct'.
As a consequence, his name has been removed from the Register of Members for a period of one month, effective from March 24, 2023.
A fine of Rs. 50,000 has also been imposed on him.
Key Changes
CA. Vinay Khemchand Gupta (Membership No. 030747) has been found guilty of 'Other Misconduct' as per Item (2) of Part IV of the First Schedule read with Section 22 of the Chartered Accountants Act, 1949.
His name will be removed from the Register of Members for one month, starting March 24, 2023.
A penalty of Rs. 50,000 has been levied.
Impact Analysis
Suggested Action Items
ICAI to review its disciplinary procedures to ensure fairness and transparency.
Impact on CA. Vinay Khemchand Gupta
Reputational damage due to the publicized disciplinary action.
Impact on ICAI
May lead to increased scrutiny of other members to ensure compliance with ethical guidelines.
Impact on Clients and Public
Action Item: Public awareness campaigns by ICAI to reinforce trust in the profession.
Key Entities Referenced
ICAI: The Institute of Chartered Accountants of India, the regulatory body for Chartered Accountants in India.
CA. Vinay Khemchand Gupta: Chartered Accountant and member of ICAI, subject to disciplinary action.
Chartered Accountants Act, 1949: The Act of Parliament that establishes and governs the ICAI and the profession of Chartered Accountancy in India.
Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules outlining the procedures for investigating misconduct by Chartered Accountants.
Chartered Accountants Regulations, 1988: Regulations framed by the ICAI to govern various aspects of the Chartered Accountancy profession.
Section 21A(3) of the Chartered Accountants Act, 1949: Provision related to disciplinary powers of the Board of Discipline.
Rule 14(9) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Sub-rule related to procedures followed by the Board of Discipline.
Section 22 of the Chartered Accountants Act, 1949: Section defining misconduct.
Part IV of the First Schedule of the Chartered Accountants Act, 1949: Schedule outlining specific instances of misconduct.
Rule 15(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rule related to providing an opportunity of being heard.
Section 20(2) of the Chartered Accountants Act, 1949: Provision related to powers regarding removal from the register.
Regulation 18 of the Chartered Accountants Regulations, 1988: Regulation pertaining to notification of removal from register.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 193] नई ददल्ली, िुिवार, माचच 24, 2023/चत्रै 3, 1945
No. 193] NEW DELHI, FRIDAY, MARCH 24, 2023/CHAITRA 3, 1945
भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी
(ससं दीय अजधजनयम द्वारा स्ट्थाजित)
अजधसचू ना
नई ददल् ली, 24 माचच, 2023
(चार्चडच अकाउंर्ेंट्स)
स.ं िीआर/50/2017/डीडी/108/2017/बीओडी/455/2018: चार्चडच अकाउंर्ेंर् (वृज तक र अ य कदाचार के अ वेषणोण
र मामल के संचालन की प्रदिया) जनयम, 2007 के जनयम 14 के उिजनयम (9) के साथ िठित चार्चडच अकाउंर्ेंर्
अजधजनयम, 1949 की धारा 21क(3) के उिबंध के जनबंधनानसु ार संस्ट्थान के अनुिासन बोड च ने सीए. जवनय खमे चदं गप्तु ा
(सदस्ट्यता सख्ं या 030747), फ्लर्ै नबं र 223, ओजिवारा िांजतवन सीएचएस जलजमर्ेड, य ू ललक रोड, अधं रे ी (िजिम), मबुं ई
400053 को िूवोक्त अजधजनयम की धारा 22 के साथ िठित िहली अनुसूची के भाग 4 के खंड (2) के अथाच तगचत ‘अय
कदाचार’ का दोषणोी िाया ह ै र उसके िठरणामस्ट्वरूपि अनिु ासन बोडच न े िूवोक्त जनयम के जनयम 15 के उिजनयम (1) के
जनबंधनानुसार सुनवाई का अवसर प्रदान करने के ििात् सीए. जवनय खमे चदं गप्तु ा (सदस्ट्यता सख्ं या 030747) के नाम को
एक (01) मास की अवजध के जलए सदस्ट्य के रजिस्ट्र्र से हर्ाने का आदेि ददया र साथ ही उन िर 50,000 रुिए (केवल
िचास हिार रुिए) का िुमाचना भी अजधरोजित दकया गया । इसके अनुसरण म ें र िूवोक्त अजधजनयम की धारा 20 की
उिधारा (2) द्वारा प्रदत्त िजक्तय का प्रयोग करते हुए, चार्चडच अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह
अजधसूजचत दकया िाता ह ै दक उक्त सीए. जवनय खमे चदं गप्तु ा (सदस्ट्यता सख्ं या 030747) का नाम 24 माच,च 2023 स े 01
(एक) मास की अवजध के जलए सदस्ट्य के रजिस्ट्र्र स ेहर् िाएगा ।
सीए. (डॉ.) िय कुमार बत्रा, सजचव
[जवज्ञािन-III/4/असा./719/2022-23]
1983 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 24th March, 2023
(CHARTERED ACCOUNTANTS)
No. PR/50/2017/DD/108/2017/BOD/455/2018: 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. Vinay Khemchand Gupta(Membership No. 030747), Flat No. 223, Oshiwara Shantivan CHS Ltd.,
New Link Road, Andheri (West), MUMBAI 400053, guilty of ‘Other Misconduct’ falling within the meaning of
Item (2) of Part IV of the First Schedule read with Section 22 of the aforesaid 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.
Vinay Khemchand Gupta(Membership No. 030747), from the Register of Members for a period of 01(One) month
and also imposed a fine of Rs. 50,000/- (Rupees Fifty Thousand) only. In pursuance thereof 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 said CA. Vinay Khemchand Gupta(Membership No.
030747) shall stand removed from the Register of Members for a period of 01(One) month with effect from 24th
March, 2023.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./719/2022-23]
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.