The Institute of Chartered Accountants of India (ICAI) has issued a notification regarding disciplinary action against a Chartered Accountant, CA. Mohandas Belle Shetty.
The Disciplinary Committee found CA. Mohandas Belle Shetty guilty of professional misconduct.
As a result, CA. Mohandas Belle Shetty's name has been removed from the Register of Members for a period of one year, effective from August 23, 2024.
Key Changes
CA. Mohandas Belle Shetty (Membership No. 031256) has been found guilty of professional misconduct under Item (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
The Disciplinary Committee ordered the removal of CA. Mohandas Belle Shetty's name from the Register of Members for one year.
The removal is effective from August 23, 2024.
The notification is issued under Regulation 18 of the Chartered Accountants Regulations 1988, and in exercise of powers conferred by sub-section (2) of Section 20 of the Chartered Accountants Act, 1949.
Impact Analysis
Impact on CA. Mohandas Belle Shetty
He will not be able to use the designation 'Chartered Accountant' during the period of removal.
Impact on Clients of CA. Mohandas Belle Shetty
There may be concerns about the quality of past work performed by CA. Mohandas Belle Shetty.
Impact on ICAI
ICAI's reputation is upheld by taking action against misconduct.
Suggested Action Items
Clients of CA. Mohandas Belle Shetty to seek alternative accounting services and ensure a smooth transition.
Key Entities Referenced
Institute of Chartered Accountants of India (ICAI): The governing body for the Chartered Accountancy profession in India, responsible for setting standards, conducting examinations, and regulating the conduct of its members.
CA. Mohandas Belle Shetty: A Chartered Accountant (Membership No. 031256) who has been found guilty of professional misconduct and has been removed from the Register of Members for one year.
Disciplinary Committee: A committee within ICAI responsible for investigating and adjudicating cases of professional misconduct by Chartered Accountants.
Chartered Accountants Act, 1949: The primary legislation governing the Chartered Accountancy profession 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 ICAI and its members.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एल.-अ.-27082024-256666
xxxGIDExxx
CG-DL-E-27082024-256666
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 663] नई ददल्ली, मगं लवार, अगस्ट्त 27, 2024/भाद्र 5, 1946
No. 663] NEW DELHI, TUESDAY, AUGUST 27, 2024/BHADRA 5, 1946
भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी
(ससं दीय अजधजनयम द्वारा स्ट्थाजित)
अजधसचू ना
नई ददल् ली, 23 अगस्ट्त, 2024
(चार्टडट अकाउंर्ेंट्स)
स.ं िीिीआर/227/2016/डीडी/106/आईएनएफ/2016/डीसी/1580/2022.—चार्टडट अकाउंर्ेंर् (वृज तक र
अन् य कदाचार के अन् वेषणोणऔ र मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टडट
अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3 के उिबंधऔ के जनबंधनानुसार अनिु ासन सजमजत ने सीए. मोहनदास बल्े ल े
िट्टे ी (सदस्ट्यता सख्ं या 031256 , कायालट य सख्ं या 10, कृष्णा कॉर्ेि, दत्तािाडा रोड नबं र 2, बीआर दत्तािाडा फार्क,
वले कम होर्ल के िास, मबुं ई 400066 को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग I कप मद (7 के अथाटन्त गतट
वृजत्तक कदाचार का दोषणोी अजभजनधाटठरत दकया ह ै र उसके िठरणामस्ट्वरूि अनिु ासन सजमजत न े िूवोक्त जनयमऔ के जनयम
19(1 के जनबंधनानुसार सनु वाई का अवसर प्रदान करन े के िश्चात,् सीए. मोहनदास बल्े ल े िट्टे ी (सदस्ट्यता सख्ं या
031256 के नाम को 01 (एक वषणो ट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया । अनुिासन सजमजत
के िूवोक्त आदेि के अनुसरण म ें र िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदत्त िजक्तयऔ का प्रयोग करत े
हुए चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. मोहनदास
बल्े ल े िट्टे ी (सदस्ट्यता सख्ं या 031256 का नाम 23 अगस्ट्त, 2024 स े 01 (एक वषणो ट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र
स ेहर् िाएगा ।
सीए. (डा. िय कुमार बत्रा, सजचव
[जवज्ञािन-III/4/असा./429/2024-25]
5425 GI/2024 (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 23rd August, 2024
(CHARTERED ACCOUNTANTS)
No. PPR/227/2016/DD/106/INF/2016/DC/1580/2022.—In terms of the provisions of Section 21B(3) of the
Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of
Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held
CA. Mohandas Belle Shetty (Membership No. 031256), Office No. 10, Krishna Cottage, Dattapada Road No. 2,
BR Dattapada Phatak, Near Welcome Hotel, MUMBAI 400066, guilty of Professional Misconduct falling within
the meaning of Item (7) of Part I of Second Schedule to the aforesaid Act and consequently after affording an
opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of
CA. Mohandas Belle Shetty (Membership No. 031256) from the Register of Members for a period of 01 (One) year.
In pursuance of the aforesaid Order of the Disciplinary Committee 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. Mohandas Belle Shetty (Membership No. 031256), shall
stand removed from the Register of Members for a period of 01 (One) year with effect from 23rd August, 2024.
CA.(Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./429/2024-25]
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.