Home› India› The Institute of Chartered Accountants of India› In terms of the provisions of Section 21A3 of the Chartered ...
Date: 16-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21A3 of the Chartered Accountants Act,

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

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The gazette notification announces the removal of CA. Haresh Kantilal Shah (Membership No. 035072) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of one month.
  • This action follows a finding by the Board of Discipline that CA. Haresh Kantilal Shah was guilty of 'Other Misconduct' as defined under the Chartered Accountants Act, 1949.

Key Changes

  • CA. Haresh Kantilal Shah (Membership No. 035072) is barred from practicing as a Chartered Accountant for one month.
  • The removal from the Register of Members is effective from April 16, 2024, and lasts for a period of one month.
  • The disciplinary action is based on Section 21A(3) of the Chartered Accountants Act, 1949, read with Rule 14(9) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.
  • The misconduct falls under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949, read with Section 22 of the Act.

Impact Analysis

Impact on CA. Haresh Kantilal Shah

  • Potential impact on existing client relationships and ongoing engagements.

Impact on Clients of CA. Haresh Kantilal Shah

  • Clients may require reassurance regarding the integrity of past work performed by CA. Haresh Kantilal Shah.

Impact on ICAI

  • May lead to increased scrutiny of other members to ensure compliance with ethical guidelines.

Suggested Action Items

  • Firms employing or associated with CA. Haresh Kantilal Shah should review internal processes to ensure compliance and prevent similar incidents.

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. Haresh Kantilal Shah: A member of the ICAI (Membership No. 035072) who has been found guilty of professional misconduct. Chartered Accountants Act, 1949: The primary legislation governing 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 and handling cases of professional misconduct by chartered accountants. Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949, providing detailed rules for the functioning of the ICAI and its members. Board of Discipline: A committee within the ICAI responsible for investigating and adjudicating cases of professional misconduct.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18042024-253731 xxxGIDHxxx CG-DL-E-18042024-253731 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 265] नई ददल्ली, मगं लवार, अप्रैल 16, 2024/चत्रै 27, 1946 No. 265] NEW DELHI, TUESDAY, APRIL 16, 2024/CHAITRA 27, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल्ली, 16 अप्रलै , 2024 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/29/2021/डीडी/69/2021/बीओडी/690/2023.—चार्टड ट 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, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21क(3) के उिबंधों के जनबंधनानुसार, अनिु ासन बोडट न े सीए. हरेि काजन्तलाल िाह (सदस्ट्यता स.ं 035072), 403, प्रभात दकरण हाउससगं सोसाइर्ी, मनीष िाकट, ििं हाउस, अधँ रे ी(िवू )ट , मबुं ई (महाराष्ट्र) 400093, को उक्त अजधजनयम की धारा 22 के साथ िठित चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 की िहली अनुसूची के भाग IV की मद (2) के अथाटन् तगटत ‘अन्य कदाचार’ का दोषी िाया ह ै । उसके िठरणामस्ट्वरूि बोड ट ने िूवोक्त जनयमों के जनयम 15(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात्, सीए. हरेि काजन्तलाल िाह (सदस्ट्यता स.ं 035072) के नाम को 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ाने का आदेि ददया ह ै । इसके अनुसरण में और िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदत्त िजक्तयों का प्रयोग करते हुए, चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक सीए. हरेि काजन्तलाल िाह (सदस्ट्यता स.ं 035072) का नाम 16 अप्रलै , 2024 स े 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./034/2024-25] 2596 GI/2024 (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) NOTIFICATION New Delhi, the 16th April, 2024 (CHARTERED ACCOUNTANTS) No. PR/29/2021/DD/69/2021/BOD/690/2023.—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. Haresh Kantilal Shah (M. No. 035072), 403, Prabhat Kiran Housing Society, Manish Park, Pump House, Andheri(East), MUMBAI (Maharashtra) 400093, guilty of ‘Other Misconduct’ falling within the meaning of Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 read with Section 22 of the said Act. Consequently after affording an opportunity of being heard in terms of Rule 15(1) of the aforesaid Rules, the Board ordered for removal of the name of CA. Haresh Kantilal Shah (M. No. 035072) from the Register of Members for a period of 01(One) month. 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 CA. Haresh Kantilal Shah (M. No. 035072) shall stand removed from the Register of Members for a period of 01(One) month with effect from 16th April, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./034/2024-25] 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.

Continue your research

Related Documents from The Institute of Chartered Accountants of India