Home India The Institute of Chartered Accountants of India In terms of the provisions of Section 21B 3 of the Chartered...
Date: 01-Jul-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

Gazette Notification Description

  • This gazette notification announces the temporary removal of a Chartered Accountant (CA) from the Register of Members of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • CA Atish Omprakashji Kabra (Membership No. 125409) has been found guilty of professional and other misconduct by the ICAI's Disciplinary Committee.
  • The misconduct falls under Item (4) of Part II of the Second Schedule and Item (2) of Part IV of the First Schedule of the Chartered Accountants Act, 1949.
  • His name has been removed from the Register of Members for a period of three months, effective June 28, 2024.
  • This action is taken under Section 21B(3) of the Chartered Accountants Act, 1949, Rule 18(17) and Rule 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, and Regulation 18 of the Chartered Accountants Regulations 1988.

Impact Analysis

Impact on CA Atish Omprakashji Kabra

  • Inability to practice as a chartered accountant during the suspension period.

Impact on ICAI

  • May face administrative burden related to the disciplinary process.

Impact on Public

  • Ensures that only qualified and ethical professionals are registered to practice.

Suggested Action Items

  • Public awareness campaigns could be conducted to highlight the importance of ethical conduct in the accounting profession.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for chartered accountants in India, responsible for setting professional standards, conducting examinations, and maintaining the register of members. 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 professional misconduct among chartered accountants. Chartered Accountants Regulations, 1988: Regulations governing various aspects of the chartered accountancy profession. CA Atish Omprakashji Kabra: The chartered accountant whose name has been removed from the register of members.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02072024-255084 xxxGIDHxxx CG-DL-E-02072024-255084 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 463] नई ददल्ली, सोमवार , िुलाई 1, 2024/आषाढ 10, 1946 No. 463] NEW DELHI, MONDAY, JULY 1, 2024/ASHADHA 10, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल्ली, 28 िून, 2024 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/114/2018/डीडी/187/2018/डीसी/1366/2020.— चार्टड ट 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 जनबंधनानुसार अनिु ासन सजमजत ने सीए. आजति ओमप्रकाििी काबरा (सदस्ट्यता सख्ं या 125409), ए/िी - मत्रं ी लने , मनवथ, िरभणी 431505, को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग II की मद (4) और िहली अनुसूची के भाग IV की मद (2) के अथाटन् तगटत वृजिक और अन्य कदाचार का दोषी अजभजनधाटठरत दकया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत न े िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के िश्चात्, सीए. आजति ओमप्रकाििी काबरा (सदस्ट्यता सख्ं या 125409) के नाम को 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र से 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. आजति ओमप्रकाििी काबरा 3884 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] (सदस्ट्यता सख्ं या 125409) का नाम 28 िनू , 2024 स े 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./232/2024-25] 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/114/2018/DD/187/2018/DC/1366/2020:—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. Atish Omprakashji Kabra (Membership No. 125409), A/P - Mantri Lane, Manwath, PARBHANI 431505, guilty of Professional and Other Misconduct falling within the meaning of Item (4) of Part II of Second Schedule and Item (2) of Part IV of the First 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. Atish Omprakashji Kabra (Membership No. 125409) from the Register of Members for a period of 03 (Three) months. 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. Atish Omprakashji Kabra (Membership No. 125409), shall stand removed from the Register of Members for a period of 3 (Three) months with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./232/2024-25] 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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