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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

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Executive Summary & Key Takeaways

What it means

  • The notification announces the removal of CA. Kaustubh Pratik (Membership No. 421621) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of one month due to professional misconduct.

Key Changes

  • CA. Kaustubh Pratik (Membership No. 421621) has been found guilty of professional misconduct under Item (11) of Part I of the First Schedule to the Chartered Accountants Act, 1949.
  • The Board of Discipline ordered the removal of CA. Kaustubh Pratik's name from the Register of Members after providing an opportunity for a hearing.
  • The removal is effective from April 16, 2024, and will last for one month.
  • This action is taken under 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, and in accordance with Regulation 18 of the Chartered Accountants Regulations, 1988.

Impact Analysis

Impact on CA. Kaustubh Pratik

  • Inability to use the designation 'Chartered Accountant' during the suspension period.

Impact on Clients of CA. Kaustubh Pratik

  • Clients may need to seek alternative arrangements for their accounting and auditing needs during the suspension period.

Impact on ICAI

  • Demonstrates the disciplinary process followed by the ICAI in addressing professional misconduct.

Suggested Action Items

  • ICAI should ensure that the suspension is properly recorded and enforced.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India. CA. Kaustubh Pratik (M. No. 421621): A Chartered Accountant 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 disciplinary matters.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18042024-253733 xxxGIDHxxx CG-DL-E-18042024-253733 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 262] नई ददल्ली, मगं लवार, अप्रैल 16, 2024/चत्रै 27, 1946 No. 262] NEW DELHI, TUESDAY, APRIL 16, 2024/CHAITRA 27, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान अजधसचू ना नई ददल्ली, 16 अप्रलै , 2024 (चार्टडट अकाउंर्ेंट्स) स.ं पीआर/28/2020/डीडी/65/2020/बीओडी/621/2022.—चार्टड ट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणों और मामलों के संचालन की प्रदिया) जनयम, 2007 के जनयम 14 के उपजनयम (9) के साथ पठित, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21क(3) के उपबंधों के जनबंधनानुसार, अनिु ासन बोड ट न े सीए. कौस्ट्तभु प्रतीक (सदस्ट्यता सख्ं या 421621), दवे ज्योजत जनवास, रोड न.ं 4, आईएएस कॉलोनी, गोलकी मोड के समीप, सद्भावना नगर, पर्ना(जबहार) 800027, को चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 की पहली अनुसूची के भाग I की मद (11) के अथाटन् तगटत वृज‍ तक कदाचार का दोषी पाया ह ै और उसके पठरणामस्ट्वरूप पूवोक्त जनयमों के जनयम 15(1) के जनबधं नानुसार सुनवाई का अवसर प्रदान करने के पश्चात्, सीए. कौस्ट्तभु प्रतीक (सदस्ट्यता सख्ं या 421621) के नाम को 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ाने का आदेि ददया ह ै । इसके अनुसरण म ें और पूवोक्त अजधजनयम की धारा 20 की उपधारा (2) द्वारा प्रदत्त िजक्तयों का प्रयोग करत े हुए, चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक सीए. कौस्ट्तभु प्रतीक (सदस्ट्यता सख्ं या 421621) 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 [जवज्ञापन-III/4/असा./031/2024-25] 2593 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 16th April, 2024 (CHARTERED ACCOUNTANTS) No. PR/28/2020/DD/65/2020/BOD/621/2022.—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. Kaustubh Pratik (M. No. 421621), Devjyoti Niwas, Road No. 4, IAS Colony, Near Golki More, Sadbhawana Nagar, PATNA(Bihar) 800027, guilty of Professional Misconduct falling within the meaning of Item (11) of Part I 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. Kaustubh Pratik (M. No. 421621) 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. Kaustubh Pratik (M. No. 421621) 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./031/2024-25] 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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