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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 Rules 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 announces the disciplinary action taken against Chartered Accountant (CA) Muni Kumar Gubiligari (Membership No. 234106) by the Institute of Chartered Accountants of India (ICAI).
  • The disciplinary committee found CA. Muni Kumar Gubiligari guilty of professional and/or other misconduct.
  • As a result, his name has been removed from the Register of Members for a total of 120 days, effective from January 3, 2025.

Key Changes

  • CA. Muni Kumar Gubiligari was initially penalized with a 90-day removal from the Register of Members and a fine of Rs. 20,000 for violations under Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • An additional penalty of 60 days removal was imposed for violations under Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949.
  • The penalties were to run concurrently.
  • Since CA. Muni Kumar Gubiligari failed to pay the fine within the stipulated 90 days, an additional 30 days of removal from the register was imposed.
  • The total removal period from the register is 120 days (90 days + 30 days) effective from January 3, 2025.

Impact Analysis

Impact on CA. Muni Kumar Gubiligari

  • His professional reputation will be negatively impacted.

Impact on Clients of CA. Muni Kumar Gubiligari

  • There may be potential delays or disruptions in the services they receive.

Impact on ICAI

  • This action reinforces the disciplinary process and maintains the integrity of the profession.

Suggested Action Items

  • ICAI should ensure that all its members are aware of the disciplinary actions taken against CA. Muni Kumar Gubiligari to serve as a cautionary example.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional accounting body that regulates and governs the Chartered Accountancy profession in India. Chartered Accountants Act, 1949: The governing act for the Chartered Accountancy profession in India, which defines the rules, regulations, and disciplinary procedures. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules that outline the procedure for investigating professional misconduct and conducting disciplinary cases. Chartered Accountants Regulations, 1988: Regulations that provide further details on the implementation of the Chartered Accountants Act, 1949. CA. Muni Kumar Gubiligari: The Chartered Accountant who is the subject of this disciplinary action (Membership No. 234106).
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.-04012025-259914 xxxGIDHxxx CG-DL-E-04012025-259914 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 11] नई ददल्ली, िुिवार, िनवरी 3, 2025/िौष 13, 1946 No. 11] 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/िी/90/2022/डीडी/92/2022/डीसी/1671/2022 और िीआर/िी/171/2022/डीडी/108/ 2022 (क्लब्ड) और िीआर/िी/260/2022/डीडी/159/2022/डीसी/1733/2023.—चार्टड टअकाउंर्ेंर् (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. मजु न कुमार गजु बजलगरी (सदस्ट्यता सख्ं या 234106), नबं र 18, िरु ाना नबं र 1612, दसू री मजं िल, ईस्ट्र् एंड मने रोड, ियनगर, 9वा ंब्लॉक, बगें लरुु - 560069 को वृजिक और/या अन्य कदाचार का दोषी िाया ह ैऔर इसके िठरणामस्ट्वरूि िूवोक्त जनयमों के जनयम 19(1) के जनबंधनानुसार सुनवाई का अवसर ददए िान े के िश्चात नीचे दी गई ताजलका के अनुसार आदिे ददया : 89 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] मामला सख्ं या खडं /मद जिसके ददया गया दंड अधीन दोषी िहराया गया हो िीआर/िी/90/2022/डीडी/92/2022/डीसी/1671/2022 चार्टडट अकाउंर्ेंर् नाम को 90 (नब्बे) ददन की अजधजनयम, 1949 की अवजध के जलए सदस्ट्यों के और िीआर/िी/171/2022/डीडी/108/2022(क्लब्ड) रजिस्ट्र्र स े हर्ान े का आदिे दसू री अनुसूची के ददया ह ै और साथ ही भाग I की मद (7) 20,000/- रुिय े (केवल बीस हिार 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 म ें व्यजतिम की दिा में उसके नाम को 30 (तीस) ददन की अजतठरक्त अवजध के जलए सदस्ट्यों के रजिस्ट्र्र से हर्ा ददया िाए। िीआर/िी/260/2022/डीडी/159/2022/डीसी/1733/2023 चार्टडट अकाउंर्ेंर् नाम को 60 (साि) ददनों की अजधजनयम, 1949 की अवजध के जलए सदस्ट्यों के दसू री अनुसूची के रजिस्ट्र्र स ेहर्ा ददया िाए। भाग-I की मद (7) और िहली अनुसूची के भाग IV की मद (2) सजमजत ने यह भी आदेि ददया दक दोनों मामलों म ें दडं एक साथ चलेगा । चूंदक, प्र‍यथी अनुबजं धत समय के भीतर अजधरोजित िुमाटन े का संदाय करने में असफल रहा है, अत: अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें और चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िवू ोक्त अजधजनयम की धारा 20 की उिधारा (2) द्वारा प्रदि िजक्तयों का प्रयोग करते हुए यह अजधसूजचत दकया िाता ह ै दक सीए. मजु न कुमार गजु बजलगरी (सदस्ट्यता सख्ं या 234106) का नाम 3 िनवरी, 2025 स े 120 (एक सौ बीस) ददन की समदे कत अवजध [90 (नब्ब)े ददन और अजतठरक्त 30 (तीस) ददन] के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./867/2024-25][भाग III—खण् ड 4] भारत का रािित्र : असाधारण 3 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/90/2022/DD/92/2022/DC/1671/2022 & PR/G/171/2022/DD/108/2022(Clubbed) and PR/G/260/ 2022/DD/159/2022/DC/1733/2023.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 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. Muni Kumar Gubiligari (Membership No. 234106), NO 18, Old No. 1612, 2nd Floor, East End Main Road, Jayanagar, 9th Block, BENGALURU- 560069, Guilty of Professional and/or Other Misconduct and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules ordered as per the table below: Case No. Clauses/Item under which Punishment awarded held Guilty PR/G/90/2022/DD/92/2022/DC/1671/2022 & Item (7) of Part I of Second Removal of name from the PR/G/171/2022/DD/108/2022(Clubbed) Schedule to the Chartered Register of Members for a Accountants Act, 1949 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 shall be removed for a further period of 30(Thirty) days PR/G/260/2022/DD/159/2022/DC/1733/2023 Item (7) of Part I of Second Removal of name from the Schedule and Item (2) of Part Register of Members for a IV of First Schedule to the period of 60(Sixty) days Chartered Accountants Act, 1949 The Committee also ordered that the punishment shall run concurrently in both the matters. 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. Muni Kumar Gubiligari (Membership No. 234106), shall stand removed from the Register of Members for a consolidated period of 120(One Hundred Twenty) days [90(Ninety) days plus additional 30(Thirty) days] with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./867/2024-25] 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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