The notification announces the removal of CA. Sanjay Kumar Ruia (Membership No. 046453) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of three months, effective from April 16, 2024. This action follows a disciplinary review that found CA. Ruia guilty of 'Other Misconduct'. A penalty of Rs. 1,00,000/- (Rupees One Lakh) has also been imposed.
Key Changes
CA. Sanjay Kumar Ruia's name is removed from the Register of Members for three months, starting April 16, 2024.
A fine of Rs. 1,00,000/- (Rupees One Lakh) is imposed on CA. Sanjay Kumar Ruia.
The disciplinary action is based on a finding of 'Other Misconduct' under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949, read with Section 22 of the Act.
The 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 is notified under Regulation 18 of the Chartered Accountants Regulations, 1988.
Impact Analysis
Impact on CA. Sanjay Kumar Ruia
Reputational damage due to the finding of professional misconduct.
Impact on Sanjay Ruia & Associates
The firm should review its internal processes and quality control measures to prevent future instances of misconduct.
Impact on Clients of CA. Sanjay Kumar Ruia and Sanjay Ruia & Associates
Clients may seek assurance about the quality and integrity of past work performed by CA. Ruia and the firm.
Impact on ICAI and its Members
ICAI should continue to strengthen its disciplinary processes and mechanisms to ensure accountability and transparency.
Suggested Action Items
ICAI should provide guidance and support to members on ethical conduct and professional standards.
Key Entities Referenced
CA. Sanjay Kumar Ruia: Chartered Accountant, Membership No. 046453, found guilty of 'Other Misconduct'.
Sanjay Ruia & Associates: Chartered Accountancy firm located at 314-315, Punit Chambers, Plot No. 796C, Sector 18, Sanpada Vashi, NAVI MUMBAI (Maharashtra) 400703.
Institute of Chartered Accountants of India (ICAI): The regulatory body for the profession of Chartered Accountancy in India.
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 professional misconduct by Chartered Accountants.
Chartered Accountants Regulations, 1988: Regulations made under the Chartered Accountants Act, 1949.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-18042024-253730
xxxGIDHxxx
CG-DL-E-18042024-253730
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 261] नई ददल्ली, मगं लवार, अप्रैल 16, 2024/चत्रै 27, 1946
No. 261] 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/248/18/डीडी/260/2018/बीओडी/590/2021.—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, अनुिासन बोड ट ने सीए. सिं य कुमार रूइआ
(सदस्ट्यता सख्ं या 046453), सिं य रूइआ एडं एसोजसएट्स, 314-315, पनु ीत चम्ै बस,ट प्लार् न. 796सी, सक्े र्र 18,
सपं दा वािी, नवी मबुं ई (महाराष्ट्र) 400703, को उक्त अजधजनयम की धारा 22 के साथ पठित चार्टडट अकाउंर्ेंर् अजधजनयम,
1949 की पहली अनुसूची 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 जनबंधनानसु ार सुनवाई का अवसर प्रदान करन े के पश्चात,् सीए. सिं य
कुमार रूइआ (सदस्ट्यता सख्ं या 046453) के नाम को 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ान े का
आदेि ददया ह ै और साथ ही 1,00,000/- रुपये (केवल एक लाख रुपए) का िुमाटना भी अजधरोजपत दकया । इसके अनुसरण
में और पूवोक्त अजधजनयम की धारा 20 की उपधारा (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. सिं य कुमार रूइआ
(सदस्ट्यता सख्ं या 046453) का नाम 16 अप्रलै , 2024 स े 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्
िाएगा ।
सीए. (डा.) िय कुमार बत्रा, सजचव
[जवज्ञापन-III/4/असा./030/2024-25]
2592 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/248/18/DD/260/2018/BOD/590/2021.—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. Sanjay Kumar Ruia (M.No. 046453), Sanjay Ruia & Associates, 314-315, Punit Chambers, Plot No.
796C, Sector 18, Sanpada Vashi, NAVI MUMBAI (Maharashtra) 400703, 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. Sanjay Kumar Ruia (M.No. 046453) from the Register
of Members for a period of 03(Three) months and also imposed a Fine of Rs.1,00,000/- (Rupees One Lakh) 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 CA. Sanjay
Kumar Ruia (M.No. 046453) shall stand removed from the Register of Members for a period of 03(Three)
months with effect from 16th April, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./030/2024-25]
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.