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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 from the Institute of Chartered Accountants of India (ICAI) announces the removal of CA. Arunabha Chattopadhyay's name from the Register of Members for a specified period due to professional misconduct and non-payment of a fine.

Key Changes

  • CA. Arunabha Chattopadhyay (Membership No. 058457) was found guilty of professional misconduct under Item (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
  • The Disciplinary Committee initially ordered the removal of CA. Chattopadhyay's name from the Register of Members for 3 months.
  • A fine of Rs. 1,00,000 was imposed, payable within 90 days.
  • Failure to pay the fine within 90 days would result in an additional 30 days of removal from the register.
  • Since the fine was not paid within the stipulated time, CA. Chattopadhyay's name is removed from the Register of Members for a total of 3 months and 30 days, effective from January 3, 2025.

Impact Analysis

Impact on CA. Arunabha Chattopadhyay

  • This impacts his ability to provide professional accounting services and may affect his income and reputation.

Impact on Clients of CA. Arunabha Chattopadhyay

  • Clients might experience delays in services due to this transition.

Impact on ICAI

  • The ICAI's reputation is upheld by taking action against professional misconduct.

Suggested Action Items

  • ICAI should review its disciplinary procedures to ensure timely and effective enforcement of professional standards.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional accounting body that issued the notification and is responsible for regulating the conduct of Chartered Accountants in India. Chartered Accountants Act, 1949: The primary legislation that governs the profession of Chartered Accountancy in India and under which the disciplinary action was taken. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: The rules that outline the procedures for investigating professional misconduct by Chartered Accountants. Chartered Accountants Regulations, 1988: The regulations that provide detailed rules for the administration of the Chartered Accountancy profession. Disciplinary Committee: The 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.-04012025-259913 xxxGIDHxxx CG-DL-E-04012025-259913 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 10] नई ददल्ली, िुिवार, िनवरी 3, 2025/िौष 13, 1946 No. 10] 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/िी/108/2017/डीडी/114/2017/डीसी/1662/2022.—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 जनबंधनानुसार अनुिासन सजमजत ने सीए. अरुणाभा चट्टोिाध्याय (सदस्ट्यता सख्ं या 058457), 74, िबू ाचां ल रोड, उत्तर, जबधान रोड के बगल म,ें कोलकाता-700078), को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग I की मद (7) के अथाटन् तगटत वृजत्तक कदाचार का दोषी िहराया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत न े िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. अरुणाभा चट्टोिाध्याय (सदस्ट्यता सख्ं या 058457) के नाम को 03 (तीन) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ाने का आदेि ददया ह ैऔर साथ ही 1,00,000/- रुिय े(केवल एक लाख 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 अनुबंजधत समय के भीतर अजधरोजित िुमाटने का संदाय करने में असफल रहा है, अत: अनिु ासन सजमजत के िूवोक्त आदेि के अनुसरण म ेंऔर चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िूवोक्त अजधजनयम की धारा 20 88 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] की उिधारा (2) द्वारा प्रदत्त िजक्तयों का प्रयोग करते हुए यह अजधसूजचत दकया िाता ह ैदक उक्त सीए. अरुणाभा चट्टोिाध्याय (सदस्ट्यता सख्ं या 058457) का नाम 3 िनवरी, 2025 स े 03 (तीन) मास और 30 (तीस) ददन की समदे कत अवजध [03 (तीन) मास और अजतठरक्त 30 (तीस) ददन] के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./866/2024-25] 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/108/2017/DD/114/2017/DC/1662/2022.—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. Arunabha Chattopadhyay (Membership No. 058457), 74, Purbanchal Road, North, Beside Bidhan Road, KOLKATA-700078, 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. Arunabha Chattopadhyay (Membership No. 058457) from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 1,00,000/-(Rupees One Lakh 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 failed to pay 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. Arunabha Chattopadhyay (Membership No. 058457), shall stand removed from the Register of Members for a consolidated period 03(Three) months and 30(Thirty) days [03(Three) months plus additional 30(Thirty) days] with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./866/2024-25] 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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