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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

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 Chartered Accountant Radhakrishnan A R (Membership No. 022921) by the Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • CA Radhakrishnan A R has been found guilty of professional misconduct as defined in Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • A two-month suspension from the Register of Members of ICAI has been imposed, effective June 28, 2024.
  • A fine of Rs. 20,000 has been levied, which has already been paid.
  • The initial notification included a potential additional 30-day suspension if the fine wasn't paid within 90 days; however, this is no longer applicable due to timely payment.

Impact Analysis

Impact on CA Radhakrishnan A R

  • Financial penalty of Rs. 20,000.

Impact on ICAI

  • Demonstrates commitment to disciplinary action against misconduct.

Impact on Public

  • May impact clients of CA Radhakrishnan A R during his suspension period, requiring them to find alternative professional services.

Suggested Action Items

  • CA Radhakrishnan A R should take steps to rectify any issues that led to the misconduct and ensure future compliance with professional standards.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India, responsible for setting professional standards and enforcing disciplinary actions. Chartered Accountants Act, 1949: The primary legislation governing the profession of Chartered Accountancy 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 by Chartered Accountants. CA Radhakrishnan A R: Chartered Accountant subject to disciplinary action.
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.-02072024-255073 xxxGIDHxxx CG-DL-E-02072024-255073 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 465] नई ददल्ली, सोमवार , िुलाई 1, 2024/आषाढ 10, 1946 No. 465] 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/िी/61/2022/डीडी/85/2022/डीसी/1679/2022.—चार्टड ट अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणों और मामलों के सचं ालन की प्रदिया) जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 की धारा 21ख(3) के उिबंधों के जनबंधनानुसार अनिु ासन सजमजत ने सीए. राधाकृष्णन ए आर, (सदस्ट्यता सख्ं या 022921), बी 1002 िोभा अनतं ा, 7/3 ठरचमडं रोड, िातं ला नगर, बगें लरुु 560025 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 जनबधं नानुसार सुनवाई का अवसर प्रदान करन े के िश्चात,् सीए. राधाकृष्णन ए आर, (सदस्ट्यता सख्ं या 022921) के नाम को 02 (दो) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ान े 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 िुमाटन े के संदाय में व्यजतिम की दिा म ें उसके नाम को 30 (तीस) ददन की अजतठरक्त अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स े हर्ा ददया 3886 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] िाएगा । चूंदक, प्र‍यथी न े िहल े ही अनुबंजधत समय के भीतर अजधरोजित िुमाटन े का संदाय कर ददया ह,ै अत: 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 िाता ह ै दक सीए. राधाकृष्णन ए आर, (सदस्ट्यता सख्ं या 022921) का नाम 28 िनू , 2024 स े 02 (दो) मास की अवजध के जलए सदस्ट्यों के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा.) िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./234/2024-25] 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/61/2022/DD/85/2022/DC/1679/2022.—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. Radhakrishnan A R, (Membership No. 022921), B 1002 Sobha Anantha 7/3 Richmond Road, Shanthala Nagar, BENGALURU 560025, 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. Radhakrishnan A R, (Membership No. 022921) from the Register of Members for a period of 02 (Two) months 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. Radhakrishnan A R, (Membership No. 022921), shall stand removed from the Register of Members for a period of 02 (Two) months with effect from 28th June, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./234/2024-25] 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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