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 CA Tej Prasad Paudel from the Register of Members of the Institute of Chartered Accountants of India (ICAI).
  • The removal is a disciplinary action based on findings of professional misconduct.

Key Changes

  • CA Tej Prasad Paudel (Membership No. 236651) has been found guilty of professional misconduct under Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • The Disciplinary Committee of the ICAI ordered the removal of his name from the Register of Members for one month, effective June 28, 2024.
  • This action is based on Section 21B(3) of the Chartered Accountants Act, 1949, and 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.
  • The notification is issued under Regulation 18 of the Chartered Accountants Regulations, 1988, utilizing powers conferred by sub-section (2) of Section 20 of the Chartered Accountants Act, 1949.

Impact Analysis

Impact on CA Tej Prasad Paudel

  • Possible limitations on practicing as a chartered accountant during the suspension period.

Impact on ICAI

  • Potential administrative burden associated with the disciplinary proceedings and notification.

Impact on Public

  • Enhanced protection for the public from potentially unethical or incompetent chartered accountants.

Suggested Actions

  • Stakeholders should be informed of the implications of the notification and the disciplinary process.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body for chartered accountants in India, responsible for setting standards, regulating members, and conducting disciplinary actions. 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 outlining the procedures for investigating and addressing professional misconduct among chartered accountants. Chartered Accountants Regulations, 1988: Regulations governing the conduct and operations of the ICAI. CA Tej Prasad Paudel: A chartered accountant whose membership has been temporarily revoked. Disciplinary Committee of ICAI: The body within the 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.-02072024-255085 xxxGIDHxxx CG-DL-E-02072024-255085 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 466] नई ददल्ली, सोमवार , िुलाई 1, 2024/आषाढ 10, 1946 No. 466] 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/िी/449/2022/डीडी/387/2022/डीसी/1736/2023.—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. तिे प्रसाद िौडेल (सदस्ट्यता सख्ं या 236651), नबं र 29, जद्वतीय तल, प्रथम मख्ु य माग,ट जवियनगर, बगें लरुु 560040, को िूवोक्त अजधजनयम की दसू री अनुसूची के भाग I की मद (7) के अथाटन् तगटत वृजिक कदाचार का दोषी अजभजनधाटठरत दकया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत न े िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. तिे प्रसाद िौडेल (सदस्ट्यता सख्ं या 236651) के नाम को 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र से 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 करते हुए चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया 3887 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] िाता ह ै दक सीए. तिे प्रसाद िौडेल (सदस्ट्यता सख्ं या 236651) का नाम 28 िनू , 2024 स े 01 (एक) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./235/2024-25] 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/449/2022/DD/387/2022/DC/1736/2023.—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. Tej Prasad Paudel (Membership No. 236651), No. 29, 2nd Floor, 1st Main Road, Vijayanagar, BENGALURU 560040, guilty of Professional 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. Tej Prasad Paudel (Membership No. 236651) from the Register of Members for a period of 01 (One) month. 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. Tej Prasad Paudel (Membership No. 236651), shall stand removed from the Register of Members for a period of 1 (One) month with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./235/2024-25] 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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