Home India The Institute of Chartered Accountants of India In terms of the provisions of Section 21B3 of the Chartered ...
Date: 24-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21B3 of the Chartered Accountants Act,

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

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Executive Summary & Key Takeaways

Key Changes

  • A fine of Rs. 5,00,000/- was initially imposed, with a 90-day payment deadline.
  • Failure to pay the fine within the stipulated time resulted in an additional one-month removal from the register.
  • CA. Saikat Datta (Membership No. 062248) is removed from the Register of Members for four months (three months initially plus an additional month for non-payment of fine).
  • The removal is effective from March 24, 2023.
  • The Disciplinary Committee found CA. Saikat Datta guilty of professional misconduct.

What it means

  • The notification announces the removal of CA. Saikat Datta (Membership No. 062248) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of four months, effective from March 24, 2023. This action is a consequence of professional misconduct and failure to pay a fine imposed by the Disciplinary Committee.

Impact Analysis

Impact on CA. Saikat Datta

  • Potential impact on existing client relationships and future business opportunities.

Impact on ICAI

  • Potential for increased scrutiny and expectations regarding disciplinary actions.

Impact on Clients of CA. Saikat Datta

  • Uncertainty and inconvenience due to the sudden unavailability of their Chartered Accountant.

Suggested Action Items

  • Review internal processes to ensure timely payment of penalties to avoid additional punitive actions.

Key Entities Referenced

The Institute of Chartered Accountants of India (ICAI): A statutory body established by an Act of Parliament to regulate the profession of Chartered Accountancy in India. CA. Saikat Datta: A Chartered Accountant and member of ICAI (Membership No. 062248) who has been found guilty of professional misconduct. Disciplinary Committee: A committee within ICAI responsible for investigating and adjudicating cases of professional misconduct by Chartered Accountants. Chartered Accountants Act, 1949: The primary legislation governing the Chartered Accountancy profession in India. Section 21B(3) and Section 20 are specifically referenced. Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007: Rules outlining the procedures for investigating professional misconduct. Rule 18(17) and Rule 19(1) are specifically referenced. Chartered Accountants Regulations 1988: Regulations pertaining to the Chartered Accountancy profession. Regulation 18 is specifically referenced.
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.-25032023-244692 xxxGIDHxxx CG-DL-E-25032023-244692 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 187] नई ददल्ली, िुावार, माचच 24, 2023/चिै 3, 1945 No. 187] NEW DELHI, FRIDAY, MARCH 24, 2023/CHAITRA 3, 1945 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 24 माचच, 2023 (चार्चडच अकाउंर्ेंट्स) स.ं िीिीआर/िी/50/2017/डीडी/39/र्ीएएमसी/आईएनएफ/2017/डीसी/1307/2020.—चार्चडच अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणोणऔ और मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्चडच अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3 के उिबधं औ के जनबंधनानुसार अनिु ासन सजमजत ने सीए. सैकत दत्ता (सदस्ट्यता सख्ं या 062248 , 33, ऑदफस लने , अगरतला (जििरु ा 799001, को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग 2 के खंड (1 के अथाचन् तगचत वृजत्तक कदाचार का दोषणोी िाया ह ै और उसके िठरणामस्ट्वरूि अनिु ासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के बाद उियुचक् त सीए. सकै त दत्ता (सदस्ट्यता सख्ं या 062248 के नाम को 03 (तीन मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ाने का आदेि ददया ह ै और साथ ही केवल 5,00,000/- (िांच लाख रुिए रुिय े का िुमाचना अजधरोजित दकया, जिसका संदाय 90 ददनऔ के भीतर दकया िाना ह ै और अनुबंजधत समय के भीतर िुमानच े के संदाय म ें व्यजताम कप दिा म ें उसके नाम को अजतठरक्त 01 (एक मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ा ददया िाएगा । चूंदक, प्र‍यथी अनुबंजधत समय के भीतर अजधरोजित िुमाचन े का संदाय करने में असफल रहा ह,ै अत: अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें और चार्डच च अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िवू ोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदत्त 1977 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] िजक्तयऔ का प्रयोग करत े हुए यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. सकै त दत्ता (सदस्ट्यता सख्ं या 062248 का नाम 24 माच,च 2023 स े 04 (चार मास कप समेदकत [03 (तीन मास और अजतठरक्त 01 (एक मास] अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा। सीए. (डॉ. िय कुमार बिा, सजचव [जवज्ञािन-III/4/असा./713/2022-23] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 24th March, 2023 (CHARTERED ACCOUNTANTS) No. PPR/P/50/2017/DD/39/TAMC/INF/2017/DC/1307/2020.—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. Saikat Datta (Membership No. 062248), 33, Office Lane, AGARTALA (Tripura) 799001, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II 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. Saikat Datta (Membership No. 062248) from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 5,00,000/-(Rupees Five Lakhs) only to be paid within 90 days and in case of default in payment of fine within stipulated time, his name be removed for an additional period of 1(One) month. Since the Respondent has 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of said CA. Saikat Datta (Membership No. 062248), shall stand removed for a consolidated period of 04(Four) months [03(Three) months plus additional 01(one) month] with effect from 24th March, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./713/2022-23] 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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