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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. Jagvinder Bir Singh (Membership No. 086787) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of two years, effective from June 28, 2024.
  • This action follows a disciplinary proceeding where CA. Jagvinder Bir Singh was found guilty of professional misconduct.

Key Changes

  • CA. Jagvinder Bir Singh (Membership No. 086787) is removed from the Register of Members of ICAI for 2 years.
  • The removal is effective from June 28, 2024.
  • The disciplinary committee found CA. Jagvinder Bir Singh guilty of professional misconduct under Items (6), (7), and (8) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.

Impact Analysis

Impact on CA. Jagvinder Bir Singh

  • This may impact his professional standing and ability to earn income as a CA.

Impact on ICAI

  • ICAI's reputation for self-regulation is upheld.

Impact on Clients and Public

  • Increased confidence in the integrity of the Chartered Accountancy profession.

Suggested Action Items

  • Firms and individuals who were associated with CA. Jagvinder Bir Singh may need to review their internal processes to ensure compliance and prevent similar issues.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body that regulates the Chartered Accountancy profession in India. CA. Jagvinder Bir Singh: Chartered Accountant and member of ICAI (Membership No. 086787) who has been found guilty of professional misconduct. Chartered Accountants Act, 1949: The Act of Parliament that establishes and governs the ICAI and the Chartered Accountancy profession in India. Section 21B(3) and Section 20 are specifically mentioned. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules governing the investigation and handling of cases related to professional misconduct by Chartered Accountants. Rule 18(17) and Rule 19(1) are specifically mentioned. Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949. Regulation 18 is specifically mentioned. Disciplinary Committee: A committee within ICAI responsible for investigating and adjudicating cases of professional misconduct.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-29062024-255030 xxxGIDHxxx CG-DL-E-29062024-255030 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 457] नई ददल्ली, िुिवार, िनू 28, 2024/आषाढ 7, 1946 No. 457] 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/296/2015/डीडी/144/2016/डीसी/763/2018.—चार्टड ट 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 जनबधं नानुसार अनुिासन सजमजत ने सीए. िगववदं र बीर वसहं (सदस्ट्यता सख्ं या 086787), 204, मदं दर कमर्ियट ल कॉम्प्लक्े स, मजस्ट्िद मोि, एन डी एस ई II नई ददल्ली-110049 को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग I के मद (6), (7) और (8) के अथाटन् तगतट वृजिक कदाचार का दोषी अजभजनधाटठरत दकया ह ै और उसके िठरणामस्ट्वरूि अनिु ासन सजमजत ने िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के िश्चात,् सीए. िगववदं र बीर वसहं (सदस्ट्यता सख्ं या 086787) के नाम को 02 (दो) वष ट की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ान े 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 चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ैदक सीए. िगववदं र बीर वसहं (सदस्ट्यता सख्ं या 086787) का नाम 28 िनू , 2024 स े 02 (दो) वष टकी अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./226/2024-25] 3843 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 28th June, 2024 (CHARTERED ACCOUNTANTS) No. PR/296/2015/DD/144/2016/DC/763/2018.—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. Jagvinder Bir Singh (Membership No. 086787), 204, Mandir Commercial Complex, Masjid Moth N D S E II, NEW DELHI-110049, guilty of Professional Misconduct falling within the meaning of Items (6), (7) and (8) 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. Jagvinder Bir Singh (Membership No. 086787) from the Register of Members for a period of 02(Two) years. 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. Jagvinder Bir Singh (Membership No. 086787), shall stand removed from the Register of Members for a period of 02(Two) years with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secretary [ADVT.-III/4/Exty./226/2024-25] 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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