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Date: 16-Jun-2023 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 Procedure of Investigations of Professional and Other Misconduct and Conduct

Issued by The Institute of Chartered Accountants of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification announces the removal of CA. Basudeb Mukhopadhyay (Membership No. 053104) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of four years, effective from June 16, 2023. This action follows a disciplinary process where CA. Basudeb Mukhopadhyay was found guilty of professional misconduct.

Key Changes

  • CA. Basudeb Mukhopadhyay (Membership No. 053104) is barred from practicing as a Chartered Accountant for four years, starting June 16, 2023.
  • The Disciplinary Committee found CA. Basudeb Mukhopadhyay guilty of professional misconduct under Clauses (7), (8), and (9) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
  • The Appellate Authority upheld the Disciplinary Committee's order in appeal number 01/ICAI/2020, dated April 18, 2023.
  • The removal is executed under Section 20(2) of the Chartered Accountants Act, 1949 and Regulation 18 of the Chartered Accountants Regulations, 1988.
  • The Disciplinary Committee's decision was initially made under Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, read with Section 21B(3) of the Chartered Accountants Act, 1949.

Impact Analysis

Impact on CA. Basudeb Mukhopadhyay

  • Potential need to seek alternative employment or business opportunities outside of chartered accountancy.

Impact on Clients of CA. Basudeb Mukhopadhyay

  • Need to ensure a smooth transition of records and responsibilities to the new accountant.

Impact on the Institute of Chartered Accountants of India (ICAI)

  • May serve as a deterrent to other members who might consider engaging in unethical practices.

Suggested Action Items

  • ICAI to communicate the outcome of the disciplinary action to its members to reinforce ethical standards.

Key Entities Referenced

CA. Basudeb Mukhopadhyay: Chartered Accountant, Membership No. 053104, who has been removed from the Register of Members for four years. Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India, responsible for maintaining professional standards and conducting disciplinary proceedings. Disciplinary Committee: A committee within the ICAI responsible for investigating and adjudicating cases of professional misconduct. Appellate Authority: An authority to which appeals can be made against the decisions of the Disciplinary Committee. Chartered Accountants Act, 1949: The primary legislation governing the profession of Chartered Accountancy in India. Chartered Accountants Regulations, 1988: Regulations framed under the Chartered Accountants Act, 1949, providing detailed rules for the governance of the profession. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules outlining the procedures for investigating and handling cases of professional misconduct by Chartered Accountants.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--1166006622002233--224466662299 xxxGIDHxxx CCGG--DDLL--EE--1166006622002233--224466662299 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 415] नई ददल्ली, िुावार, िनू 16, 2023/ज्य ष्े ि 26, 1945 No. 415] NEW DELHI, FRIDAY, JUNE 16, 2023/JYAISHTHA 26, 1945 भारतीय सनदी लखे ाकार सस्ट्ं थान (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 16 िून, 2023 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर-77/2015-डीडी/123/2015-डीसी/641/2017.—चार्टडट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणोणऔ और मामलऔ के सचं ालन कप प्रदाया) जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3) के उिबंधऔ के जनबंधनानुसार अनिु ासन सजमजत न े सीए. बासदु ेब मखु ोिाध्याय (सदस्ट्यता सख्ं या 053104), 3ए, चौरंगी प्लसे , दसू रा तल, कमरा नबं र 86, कोलकाता 700 013 को, िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग 1 के खंड (7), (8) और (9) के अथाटन्त गतट वृजतिकक कदाचार का दोषणोी िाया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. बासदु ेब मखु ोिाध्याय (सदस्ट्यता सख्ं या 053104) के नाम को 04 (चार) वषणोट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ाने का आदिे ददया ह ै । त‍िश्चात, अनुिासन सजमजत के आदेि से व्यजथत होकर, प्र‍यथी ने चार्डट ट अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 22छ के जनबधं नानुसार अिीलीय प्राजधकरण के समक्ष अिील फाइल कप और अिीलीय प्राजधकरण ने अिील संख्या 01/आईसीएआई/2020, में तारीख 18 अप्रैल, 2023 को ददए गए अिने आदेि में अनुिासन 3855 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] सजमजत के आदेि कप िुजि कप । अत: अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म,ें जिसकप िुजि अिीलीय प्राजधकरण द्वारा कप गई ह ै अत: अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण में और िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदतिक िजक्तयऔ का प्रयोग करत े हुए चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अतं गतट यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. बासदु ेब मखु ोिाध्याय (सदस्ट्यता सख्ं या 053104) का नाम,16 िनू , 2023 स े 04 (चार) वषणो ट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./195/2023-24] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 16th June, 2023 (CHARTERED ACCOUNTANTS) No. PR-77/2015-DD/123/2015-DC/641/2017.—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. Basudeb Mukhopadhyay (Membership No. 053104), 3A, Chowringhee Place, 2nd Floor, Room No. 86, KOLKATA 700 013, guilty of Professional Misconduct falling within the meaning of Clauses (7), (8) and (9) 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 the name of CA. Basudeb Mukhopadhyay (Membership No. 053104) from the Register of Members for a period of 04(Four) years. Thereafter, aggrieved by the Order of the Disciplinary Committee, the Respondent approached the Appellate Authority in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority in appeal no. 01/ICAI/2020 vide its order pronounced on 18th April, 2023 has upheld the Order of the Disciplinary Committee. In pursuance of the aforesaid Order of the Disciplinary Committee which is also upheld by the Appellate Authority 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 said CA. Basudeb Mukhopadhyay (Membership No. 053104), shall stand removed from the Register of Members for a period of 04(Four) years with effect from 16th June, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./195/2023-24] 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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