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Date: 03-Jan-2025 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

  • This gazette notification announces the disciplinary action taken against a Chartered Accountant, CA. Pandia Rajan R, by the Institute of Chartered Accountants of India (ICAI).
  • The Disciplinary Committee of ICAI found CA. Pandia Rajan R guilty of professional misconduct.
  • As a result, his name has been removed from the Register of Members for a period of 60 days, effective from January 3, 2025.

Key Changes

  • CA. Pandia Rajan R (Membership No. 212861) was found guilty of professional misconduct under Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • The Disciplinary Committee initially imposed a fine of Rs. 20,000 and a 60-day removal from the Register of Members.
  • A further 30-day removal was stipulated if the fine was not paid within 90 days.
  • Since the fine was paid within the stipulated time, the additional 30-day removal was not applied.
  • The final action is the removal of CA. Pandia Rajan R's name from the Register of Members for 60 days, effective January 3, 2025.

Impact Analysis

Impact on CA. Pandia Rajan R

  • He has already paid the fine of Rs. 20,000.

Impact on Clients of CA. Pandia Rajan R

  • Clients may need to be informed about this disciplinary action.

Impact on ICAI

  • The ICAI has followed due process as per the Chartered Accountants Act, 1949 and related rules and regulations.

Suggested Action Items

  • ICAI should ensure that all members are aware of the professional standards and consequences of misconduct.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for the Chartered Accountancy profession in India, established by an Act of Parliament. 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 professional misconduct by Chartered Accountants. Chartered Accountants Regulations, 1988: Regulations made under the Chartered Accountants Act, 1949, providing further details on the functioning of the ICAI and its members. Disciplinary Committee of ICAI: The committee within ICAI responsible for investigating and taking action against members found guilty of professional misconduct.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--0044001122002255--225599991177 xxxGIDHxxx CCGG--DDLL--EE--0044001122002255--225599991177 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 13] नई ददल्ली, िुिवार, िनवरी 3, 2025/िौष 13, 1946 No. 13] NEW DELHI, FRIDAY, JANUARY 3, 2025/PAUSHA 13, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 3 िनवरी, 2025 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/िी/103/2022/डीडी/130/2022/डीसी/1674/2022.—चार्टडट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणों और मामलों के संचालन की प्रदिया) जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21ख(3) के उिबंधों के जनबंधनानसु ार अनिु ासन सजमजत ने सीए. िाजं डया रािन आर (सदस्ट्यता सख्ं या 212861), सख्ं या 112, सी ए र्ावस,ट िहली मजं िल, कजव लक्ष्मीिा रोड, जवश्वश्वे रिरु म, बगें लरुु -560004, को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग I की मद (7) के अथाटन् तगतट वृजिक कदाचार का दोषी िहराया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत ने िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. िाजं डया रािन आर (सदस्ट्यता सख्ं या 212861) के नाम को 60 (साि) ददन की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ान े का आदेि ददया ह ै और साथ ही 20,000/- रुिय े (केवल बीस हिार रुिए) का िुमाटना भी अजधरोजित दकया, जिसका संदाय 90 (नब्ब)े ददन की अवजध के भीतर दकया िाना ह ैऔर अनुबंजधत समय के भीतर उक्त िुमाटने के संदाय में व्यजतिम की दिा में उसके नाम को 30 (तीस) ददन की अजतठरक्त अवजध के जलए सदस्ट्यों के रजिस्ट्र्र से हर्ा ददया िाएगा। चूंदक, प्र‍यथी ने िहले ही अनबु ंजधत समय के भीतर अजधरोजित िुमाटन े का संदाय कर ददया है, अत: अनुिासन सजमजत के 91 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] िूवोक्त आदेि के अनुसरण में और चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदि िजक्तयों का प्रयोग करते हुए यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. िाजं डया रािन आर (सदस्ट्यता सख्ं या 212861) का नाम 3 िनवरी, 2025 स े60 (साि) ददन की समदे कत अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./869/2024-25] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 3rd January, 2025 (Chartered Accountants) No. PR/G/103/2022/DD/130/2022/DC/1674/2022.—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. Pandia Rajan R (Membership No. 212861), NO 112, Seaa Towers, 1st Floor, Kavi Lakshmisha Road, Visveswarapuram, BENGALURU- 560004, 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. Pandia Rajan R (Membership No. 212861) from the Register of Members for a period of 60(Sixty) days and also imposed a fine of Rs. 20,000/-(Rupees Twenty Thousand only) to be paid within 90(ninety) days and in case of default in payment of fine within stipulated time his name shall be removed for a further period of 30(Thirty) days. Since the Respondent had already paid the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Pandia Rajan R (Membership No. 212861), shall stand removed from the Register of Members for a consolidated period of 60 (Sixty) days with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./869/2024-25] 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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