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

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces the removal of CA. Vinay Kumar Seth (Membership No. 406625) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of one month.

Key Changes

  • CA. Vinay Kumar Seth (Membership No. 406625) has been found guilty of 'Other Misconduct' as defined under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949, read with Section 22 of the Act.
  • The Disciplinary Board, after providing an opportunity for a hearing, ordered the removal of CA. Vinay Kumar Seth's name from the Register of Members.
  • The removal is effective from April 16, 2024, and will last for one month.
  • The action is taken in accordance with Section 21A(3) of the Chartered Accountants Act, 1949, Rule 14(9) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, and Regulation 18 of the Chartered Accountants Regulations, 1988.

Impact Analysis

Impact on CA. Vinay Kumar Seth

  • His professional reputation may be affected.

Impact on ICAI Members

  • Maintains the integrity and reputation of the profession.

Impact on Clients/Public

  • Protects the interests of the public by ensuring accountability within the profession.

Suggested Action Items

  • ICAI to monitor compliance and take further action if necessary.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India. CA. Vinay Kumar Seth: Chartered Accountant, Member No. 406625, who has been found guilty of 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 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. Disciplinary Board: A committee within ICAI responsible for investigating and taking disciplinary action against members found guilty of misconduct.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18042024-253743 xxxGIDHxxx CG-DL-E-18042024-253743 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 259] नई ददल्ली, मगं लवार, अप्रलै 16, 2024/चत्रै 27, 1946 No. 259] NEW DELHI, TUESEDAY, APRIL 16, 2024/CHAITRA 27, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान अजधसचू ना नई ददल् ली, 16 अप्रलै , 2024 (चार्टडट अकाउंर्ेंट्स) स.ं पीआर/142/15/डीडी/149/2015/बीओडी/411/2017.—चार्टडट 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, अनुिासन बोडट ने सीए. जवनय कुमार सिे (सदस्ट्यता स.ं 406625), 24/73-76, दकिोरी जनवास, जबरहाना रोड, कानपरु (उत्तर प्रदेि) 208001, को उक्त अजधजनयम की धारा 22 के साथ पठित चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 की पहली अनुसचू ी के भाग IV की मद (2) के अथाटन् तगटत 'अन्य कदाचार' का दोषी पाया ह ै और उसके पठरणामस्ट्वरूप पूवोक्त जनयमों के जनयम 15(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के पश्चात,् सीए. जवनय कुमार सिे (सदस्ट्यता स.ं 406625) के नाम को 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ान े 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. जवनय कुमार सिे (सदस्ट्यता स.ं 406625) 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./028/2024-25] 2590 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/142/15/DD/149/2015/BOD/411/2017.—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. Vinay Kumar Seth(M. No. 406625), 24/73-76, Kishori Niwas, Birhana Road, KANPUR(Uttar Pradesh) 208001, 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 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 Kumar Seth(M. No. 406625) 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. Vinay Kumar Seth (M. No. 406625) 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./028/2024-25] 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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