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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 Chartered Accountant (CA) Rahul Chillal, whose membership number is 230503.
  • The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) found CA Rahul Chillal guilty of professional misconduct.
  • As a result, his name has been removed from the Register of Members for 60 days, effective from January 3, 2025.

Key Changes

  • CA Rahul Chillal 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 ordered a 60-day removal from the Register of Members and imposed a fine of Rs. 20,000.
  • The fine was to be paid within 90 days, with an additional 30-day removal if the fine was not paid within the stipulated time.
  • CA Rahul Chillal paid the fine within the 90 day period.
  • The notification confirms that CA Rahul Chillal's name will be removed from the Register of Members for 60 days, starting January 3, 2025.

Impact Analysis

Impact on CA Rahul Chillal

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

Impact on Clients of CA Rahul Chillal

  • This may cause disruption in their financial reporting and compliance activities.

Impact on ICAI

  • The ICAI's role in regulating and overseeing the profession is highlighted.

Suggested Action Items

  • ICAI should continue to monitor CA Rahul Chillal's conduct after the suspension period.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body that regulates and oversees the Chartered Accountancy profession in India. 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 that outline the process for investigating professional misconduct by Chartered Accountants. Chartered Accountants Regulations, 1988: Regulations that provide detailed rules for the functioning of the Institute. Disciplinary Committee: A committee of the ICAI responsible for investigating and taking action against professional misconduct by its members. CA Rahul Chillal: The Chartered Accountant who is the subject of the disciplinary action.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04012025-259916 xxxGIDHxxx CG-DL-E-04012025-259916 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 12] नई ददल्ली, िुिवार, िनवरी 3, 2025/िौष 13, 1946 No. 12] 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/िी/133/2022/डीडी/113/2022/डीसी/1672/2022[िीआर/िी/148/2022(क्लब्ड)].—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, चार्टड टअकाउंर्ेंर् अजधजनयम, 1949 की धारा 21ख(3) के उिबंधों के जनबंधनानसु ार अनुिासन सजमजत ने सीए. राहुल जचल्लाल (सदस्ट्यता सख्ं या 230503), 3रा िॉस महा‍मा, बसवश्वे र कॉलोनी, कालाबगु ी-585105 (कनार्ट क), को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग 1 की मद (7) के अथाटन् तगटत 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. राहुल जचल्लाल (सदस्ट्यता सख्ं या 230503) के नाम को 60 (साि) ददन की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर्ाने का आदेि ददया ह ैऔर साथ ही 20,000/- रुिय े(केवल बीस हिार रुिए) का िुमाटना भी अजधरोजित दकया, जिसका संदाय 90 (नब्बे) ददन की अवजध के भीतर दकया िाना ह ै और अनुबंजधत समय के भीतर उक्त िुमाटने के संदाय में व्यजतिम की दिा म ें उसके नाम को 30 (तीस) ददन की अजतठरक्त अवजध के जलए सदस्ट्यों के रजिस्ट्र्र से हर्ा ददया िाएगा । चूंदक, प्र‍यथी ने िहले ही अनुबंजधत समय के भीतर अजधरोजित िुमाटने का संदाय कर ददया है, अत: अनुिासन सजमजत के िूवोक्त 90 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] आदेि के अनुसरण म ेंऔर चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदि िजक्तयों का प्रयोग करत े हुए यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. राहुल जचल्लाल (सदस्ट्यता सख्ं या 230503) का नाम 3 िनवरी, 2025 स े60 (साि) ददन के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./868/2024-25] 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/133/2022/DD/113/2022/DC/1672/2022[PR/G/148/2022(Clubbed)].—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. Rahul Chillal (Membership No. 230503), 3rd Cross Mahatma, Basaveshwar Colony, KALABURAGI-585105(Karnataka), 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. Rahul Chillal (Membership No. 230503) 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. Rahul Chillal (Membership No. 230503) shall stand removed from the Register of Members for a period of 60(Sixty) days with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./868/2024-25] 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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