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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. Hazra Timir Kanti (Membership No. 054696) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of 13 months, effective from September 22, 2023. This action follows disciplinary proceedings for professional misconduct and the failure to pay a fine imposed by the Disciplinary Committee.

Key Changes

  • CA. Hazra Timir Kanti's membership is suspended for 13 months (1 year + 1 additional month) due to professional misconduct and failure to pay a fine.
  • The Disciplinary Committee found CA. Hazra Timir Kanti guilty of professional misconduct under Item (1) of Part II of the Second Schedule and Item (2) of Part IV of the First Schedule of the Chartered Accountants Act, 1949.
  • A fine of Rs. 25,000 was initially imposed, to be paid within 90 days. Failure to pay resulted in an additional one-month suspension.
  • The removal from the Register of Members is effective from September 22, 2023.

Impact Analysis

Impact on CA. Hazra Timir Kanti

  • Potential impact on his professional career and client relationships.

Impact on ICAI

  • Reinforces the importance of compliance with ICAI's code of conduct and disciplinary orders.

Impact on Clients and Public

  • Provides transparency regarding disciplinary actions taken against members.

Suggested Action Items

  • CA. Hazra Timir Kanti needs to comply with the suspension order and refrain from practicing as a Chartered Accountant during the specified period.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body that regulates the Chartered Accountancy profession in India. CA. Hazra Timir Kanti: Chartered Accountant, member of ICAI, subject to disciplinary action. Disciplinary Committee: A committee within ICAI responsible for investigating and addressing professional misconduct by members. Chartered Accountants Act, 1949: The Act that governs 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 professional misconduct. Chartered Accountants Regulations, 1988: Regulations related to the Chartered Accountants Act, 1949
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.-23092023-248917 xxxGIDHxxx CG-DL-E-23092023-248917 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 658] नई ददल्ली, िुावार, जसतम्ब र 22, 2023/भाद्र 31, 1945 No. 658] 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/587/2019/डीडी/49/आईएनएफ/2019/डीसी/1453/2021.—चार्टडट अकाउंर्ेंर् (वृज‍ तक र अ‍ य कदाचार के अ‍ वेषणोणऔ र मामलऔ के संचालन 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. हािरा जतजमर काजं त (सदस्ट्यता सख्ं या 054696 , प्लॉर् सख्ं या 24, साबिु कानन, गोिालिरु हाउस, कोलकाता (िजिम बगं ाल 700136, को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग II कप मद (1 र िहली अनुसूची के भाग IV कप मद (2 के अथाट‍ तगटत वृजिक र अ‍य कदाचार का दोषणोी िाया ह ै र उसके िठरणामस्ट्वरूि अनिु ासन सजमजत न े िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के ििात ् सीए. हािरा जतजमर काजं त (सदस्ट्यता सख्ं या 054696 के नाम को 01 (एक वषणो ट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदिे ददया ह ै र साथ ही केवल 25,000/- (िच्चीस हिार रुिए रुिये का िुमाटना भी अजधरोजित दकया, जिसका संदाय आदेि कप प्राजि के 90 (नब्बे ददन कप अवजध के भीतर दकया िाना ह ै र अनुबंजधत समय के भीतर संदाय में व्यजताम कप दिा में उसके नाम को 01 (एक मास कप अजतठरक्त अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ा ददया िाएगा । चूंदक, प्र‍यथी अनुबंजधत समय के भीतर अजधरोजित िुमाटने का संदाय करने म ें असफल रहा ह,ै अत: अनुिासन सजमजत के िूवोक्त आदिे के अनुसरण म ें र िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करते हुए चार्डट ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक हािरा जतजमर काजं त (सदस्ट्यता सख्ं या 054696 का नाम 6048 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 22 जसतबं र, 2023 स े 13 (तरे ह मास [01 (एक वषणो ट र अजतठरक्त 01 (एक मास] कप समदे कत अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./441/2023-24] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 22nd September, 2023 (CHARTERED ACCOUNTANTS) No. PPR/587/2019/DD/49/INF/2019/DC/1453/2021.—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. Hazra Timir Kanti (Membership No. 054696), Plot No. 24, Sabuj Kanan, Gopalpur House, KOLKATA (West Bengal) 700136, guilty of Professional and Other Misconduct falling within the meaning of Item (1) of Part II of Second Schedule and Item (2) of Part IV of First 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. Hazra Timir Kanti (Membership No. 054696) from the Register of Members for a period of 01(One) year and also imposed a fine of Rs. 25,000/-(Rupees Twenty Five Thousand) only to be paid within 90(ninety) days of receipt of the order and in case of default in payment of fine within stipulated time, his name be removed from the Register of Members for an additional period of 01(One) month. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of said CA. Hazra Timir Kanti (Membership No. 054696), shall stand removed for a consolidated period of 13(Thirteen) months [01 (One) year plus additional 01(one)month] with effect from 22nd September, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./441/2023-24] 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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