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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 disciplinary action taken against a chartered accountant, CA. Raghunathan R (Membership No. 024201), by the Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • CA. Raghunathan R was found guilty of professional misconduct as defined in Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • The Disciplinary Committee initially ordered the removal of his name from the Register of Members for 90 days and imposed a fine of Rs. 20,000, payable within 90 days. Failure to pay the fine would result in an additional 30-day removal.
  • Since the fine was paid within the stipulated time, the notification confirms the removal of his name from the Register of Members for a period of 90 days, effective June 28, 2024.

Impact Analysis

Impact on CA. Raghunathan R

  • Potential impact on his ability to practice as a chartered accountant during the suspension period.

Impact on ICAI

  • May influence other chartered accountants to adhere to professional ethics.

Impact on Public

  • Protection of the public interest by ensuring only qualified and ethical professionals are practicing.

Suggested Action Items

  • CA. Raghunathan R should consider professional development to prevent future misconduct.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for chartered accountants in India. It issued this notification regarding disciplinary action against a member. Chartered Accountants Act, 1949: The primary legislation governing the chartered accountancy profession in India. Section 21B(3) is referenced in relation to disciplinary proceedings. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules outlining the procedures for investigating professional misconduct and conducting cases against chartered accountants. Rule 18(17) and Rule 19(1) are referenced. Chartered Accountants Regulations 1988: Regulations governing the conduct and practice of chartered accountants. Regulation 18 is mentioned in relation to the notification. CA. Raghunathan R (Membership No. 024201): The chartered accountant against whom disciplinary action was taken.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-02072024-255086 xxxGIDHxxx CG-DL-E-02072024-255086 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 467] नई ददल्ली, सोमवार , िुलाई 1, 2024/आषाढ 10, 1946 No. 467] 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/िी/651/2022/डीडी/538/2022/डीसी/1741/2023.—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. रघनु ाथन आर (सदस्ट्यता सख्ं या 024201), प्लॉर् सख्ं या 108, श्री जतरुमल नगर, जतरुिजनकारीसालकुलम, वदगु णिट्टी िी ओ, जतरुनले वले ी 627010 को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग I की मद (7) के अथाटन्त गटत 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. रघनु ाथन आर (सदस्ट्यता सख्ं या 024201) के नाम को 90 (नब्बे) ददन की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ाने का आदेि ददया और साथ ही 20,000/- रुिये (केवल बीस हिार रुिए) का िुमाटना भी अजधरोजित दकया, जिसका संदाय 90 (नब्बे) ददन के भीतर दकया िाना ह ै और अनुबंजधत समय के भीतर िुमाटने से संदाय में व्यजतिम की दिा में उसके नाम को 30 (तीस) ददन की अजतठरक्त अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े 3888 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] हर्ा ददया िाएगा । चूंदक, प्र‍यथी ने अनुबंजधत समय के भीतर अजधरोजित िुमाटने का संदाय कर ददया ह,ै अत: अनिु ासन सजमजत के िूवोक्त आदेि के अनुसरण म ें और िूवोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदि िजक्तयों का प्रयोग करते हुए चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक सीए. रघनु ाथन आर (सदस्ट्यता सख्ं या 024201) का नाम 28 िनू , 2024 स े 90 (नब्ब)े ददन की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./236/2024-25] 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/G/651/2022/DD/538/2022/DC/1741/2023.—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. Raghunathan R (Membership No. 024201), Plot No. 108, Sri Thirumal Nagar, Tirupanikarisalkulam, Vaduganpatti P O, TIRUNELVELI 627010, 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. Raghunathan R (Membership No. 024201) from the Register of Members for a period of 90 (Ninety) 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 be removed from the Register of Members for a further period of 30 (Thirty) days. Since the Respondent has 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Raghunathan R (Membership No. 024201), shall stand removed from the Register of Members for a period of 90 (Ninety) days with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./236/2024-25] 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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