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Date: 22-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21B3 of the Chartered Accountants Act, 1949 read with Rule

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. Amar Tandon (Membership No. 072630) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of three months, effective from September 22, 2023. This action follows a disciplinary process related to professional misconduct.

Key Changes

  • CA. Amar Tandon found guilty of professional misconduct under Clauses (6) and (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
  • Disciplinary Committee ordered the removal of CA. Amar Tandon's name from the Register of Members for 3 months.
  • A penalty of Rs. 1,00,000/- (Rupees One Lakh Only) was imposed on CA. Amar Tandon.
  • The Appellate Authority upheld the Disciplinary Committee's order on August 30, 2023, in appeal no. 28/ICAI/2022.
  • The removal from the Register of Members is effective from September 22, 2023, for a period of three months.

Impact Analysis

Impact on CA. Amar Tandon

  • Required Action: CA. Amar Tandon must comply with the order and refrain from practicing as a Chartered Accountant during the specified period.

Impact on ICAI Members

  • Required Action: ICAI members should review and reinforce their understanding of the ethical guidelines and professional standards.

Impact on Clients of CA. Amar Tandon

  • Required Action: Clients should be notified of the situation and assisted in transitioning to another service provider if necessary.

Impact on Institute of Chartered Accountants of India (ICAI)

  • Required Action: ICAI should ensure proper record-keeping and communication regarding the disciplinary action.

Key Entities Referenced

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. Amar Tandon: A Chartered Accountant and member of ICAI (Membership No. 072630) 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. 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 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 handling cases of professional misconduct. Chartered Accountants Regulations 1988: Regulations framed under the Chartered Accountants Act, 1949 to govern the functioning of the ICAI and its members.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-23092023-248918 xxxGIDHxxx CG-DL-E-23092023-248918 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 655] नई ददल्ली, िुावार, जसतम्ब र 22, 2023/भाद्र 31, 1945 No. 655] NEW DELHI, FRIDAY, SEPTEMBER 22, 2023/BHADRA 31, 1945 भारतीय सनदी लखे ाकार सस्ट्ं थान (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 22 जसतम्ब र, 2023 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/145/2016/डीडी/171/2016/डीसी/962/2018.—चार्टडट अकाउंर्ेंर् (वृज‍ तक र अ‍ य कदाचार के अ‍ वेषणोणऔ र 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 अनुिासन सजमजत ने सीए. अमर र्ंडन (सदस्ट्यता सख्ं या 072630 , एलजी-1, पिकप अिार्टमर्ें , 93-एन, डाली बाग, गगं ा सस्ट्ं थान के िास, लखनऊ-226001, को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग I के खंड (6 र (7 के अथाट‍ तगटत वृजिक कदाचार का दोषणोी िाया ह ै र उसके िठरणामस्ट्वरूि अनुिासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. अमर र्ंडन (सदस्ट्यता सख्ं या 072630 के नाम को 03 (तीन मास कप अवजध के जलए सदस्ट्यऔ के रजजस्ट्र्र स े हर्ाने का आदेि ददया ह ै र साथ ही केवल 1,00,000/- (एक लाख रुिए रुिय े का जुमाटना भी अजधरोजित दकया । अनुिासन सजमजत के आदेि स े व्यजथत होकर, प्र‍यथी न े चार्टड ट अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 22छ के जनबंधनानुसार अिीलीय प्राजधकरण के समक्ष अिील फाइल कप र अिील संख्या 28/आईसीएआई/2022 में अिीलीय प्राजधकरण ने अिने ददनांक 30 अगस्ट्त, 2023 के आदेि द्वारा अनुिासन सजमजत के आक्षेजित आदिे कप िुजि कप । तदनुसार, अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म,ें जजसकप िुजि अिीलीय प्राजधकरण द्वारा भी कप गई है र िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करत े हुए चार्डट ट अकाउंर्ेंर् जवजनयम, 1988 6045 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] के जवजनयम 18 के अधीन यह अजधसूजचत दकया जाता ह ै दक अमर र्ंडन (सदस्ट्यता सख्ं या 072630 का नाम 22 जसतबं र, 2023 स े03 (तीन मास कप अवजध के जलए सदस्ट्यऔ के रजजस्ट्र्र स ेहर् जाएगा । सीए. (डा. जय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./437/2023-24] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 22nd September, 2023 (CHARTERED ACCOUNTANTS) No. PR/145/2016/DD/171/2016/DC/962/2018.—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. Amar Tandon (Membership No. 072630), LG-1, Pinky Apartments, 93-N, Dali Bagh, Near Ganga Sansthan, LUCKNOW- 226001, guilty of Professional Misconduct falling within the meaning of Clauses (6) and (7) of Part I of Second Schedule to the aforesaid Act 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. Amar Tandon (Membership No. 072630) from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 1,00,000/- (Rupees One Lakh Only). Aggrieved by Order of the Committee, the Respondent preferred an Appeal in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority in appeal no. 28/ICAI/2022 vide its order dated 30th August, 2023 has upheld the impugned order of the Disciplinary Committee. Accordingly, in pursuance of the aforesaid Order of the Disciplinary Committee which has also been 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. Amar Tandon (Membership No. 072630) shall stand removed from the Register of Members for a period of 03(Three) months with effect from 22nd September, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./437/2023-24] 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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