Home India The Institute of Chartered Accountants of India In terms of the provisions of Section 21B 3 of the Chartered...
Date: 28-Jun-2024 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21B 3 of the Chartered Accountants Act, 1949 read with Rule 18 17 of the Chartered Accountants

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. Haresh Ramji Joshi (Membership No. 033489) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of one year, effective from June 28, 2024. This action follows a disciplinary proceeding where CA. Joshi was found guilty of professional misconduct.

Key Changes

  • CA. Haresh Ramji Joshi (Membership No. 033489) is barred from practicing as a Chartered Accountant for one year.
  • The Disciplinary Committee of ICAI found CA. Joshi guilty of professional misconduct under Item (2) of Part IV of the First Schedule and Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • The removal is effective from June 28, 2024, and will last for a period of one year.

Impact Analysis

Impact on CA. Haresh Ramji Joshi

  • Potential loss of income and business opportunities during the suspension period.

Impact on Clients of CA. Haresh Ramji Joshi

  • Need to ensure a smooth transition of services to avoid any compliance issues.

Impact on ICAI

  • May require ICAI to monitor compliance with the removal order and ensure CA. Joshi does not practice during the suspension period.

Suggested Action Items

  • ICAI to communicate the implications of this order to its members to create awareness.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India, responsible for setting standards, conducting examinations, and enforcing ethical conduct. CA. Haresh Ramji Joshi: A Chartered Accountant (Membership No. 033489) who has been found guilty of professional misconduct and 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 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. Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949, providing detailed rules for the functioning of ICAI and its members.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-29062024-255029 xxxGIDHxxx CG-DL-E-29062024-255029 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 455] नई ददल्ली, िुिवार, िनू 28, 2024/आषाढ 7, 1946 No. 455] NEW DELHI, FRIDAY, JUNE 28, 2024/ASHADHA 7, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 28 िून, 2024 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/175/2014/डीडी/201/14/डीसी/634/2017.—चार्टडट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणों और मामलों के सचं ालन की प्रदिया) जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21ख(3) के उिबंधों के जनबंधनानुसार अनिु ासन सजमजत ने सीए. हरेि रामिी िोिी (सदस्ट्यता सख्ं या 033489), 603, छिी मजं िल, वदृं ावन जबलल्डंग, वी िी रोड, लसजं डकेर् बकैं के ऊिर, मबुं ई 400054, को िूवोक्त अजधजनयम की िहली अनुसूची के भाग IV की मद (2) और दसू री अनुसूची के भाग I की मद (7) के अथाटन् तगटत वृजिक कदाचार का दोषी अजभजनधाटठरत दकया ह ै और उसके िठरणामस्ट्वरूि अनिु ासन सजमजत न े िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात्, सीए. हरेि रामिी िोिी (सदस्ट्यता सख्ं या 033489) के नाम को 01 (एक) वषट की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ाने का आदेि ददया । अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें और िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदि िजक्तयों का प्रयोग करत े हुए चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक सीए. हरेि रामिी िोिी (सदस्ट्यता सख्ं या 033489) का नाम 28 िनू , 2024 स े 01 (एक) वष ट की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./224/2024-25] 3841GI/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 28th June, 2024 (CHARTERED ACCOUNTANTS) No. PR/175/2014/DD/201/14/DC/634/2017.—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. Haresh Ramji Joshi (Membership No. 033489), 603, 6th Floor, Vrindavan Building, V P Road, Above Syndicate Bank, MUMBAI 400054, guilty of Professional and Other Misconduct falling within the meaning of Item (2) of Part IV of the First Schedule and 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. Haresh Ramji Joshi (Membership No. 033489) 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. Haresh Ramji Joshi (Membership No. 033489), shall stand removed from the Register of Members for a period of 01(One) year with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secretary [ADVT.-III/4/Exty./224/2024-25] 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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