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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. T R L Narasimhan (Membership No. 201782) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of four months, effective from September 22, 2023. This action follows disciplinary proceedings related to professional misconduct.

Key Changes

  • CA. T R L Narasimhan's name is removed from the Register of Members for four months starting September 22, 2023.
  • The Disciplinary Committee found CA. T R L Narasimhan guilty of professional misconduct under Clause (7) of Part I of the Second Schedule and Clause (2) of Part IV of the First Schedule of the Chartered Accountants Act, 1949.
  • A fine of Rs. 25,000 was initially imposed, which CA. T R L Narasimhan has already paid within the stipulated time.
  • Failure to pay the fine would have resulted in an additional one-month removal from the Register of Members, but this was avoided due to timely payment.

Impact Analysis

Impact on CA. T R L Narasimhan

  • Financial impact of the fine, although it has been paid.

Impact on Clients of CA. T R L Narasimhan

  • Clients may need to find alternative arrangements for their accounting and auditing needs during the suspension period.

Impact on ICAI

  • Demonstrates the disciplinary process and its enforcement, which can enhance public trust in the profession.

Suggested Action Items

  • ICAI should ensure that the suspension is properly recorded and enforced.

Key Entities Referenced

ICAI: The Institute of Chartered Accountants of India, the regulatory body for chartered accountants in India. CA. T R L Narasimhan: Chartered Accountant with Membership No. 201782, subject to disciplinary action. Chartered Accountants Act, 1949: The Act that establishes and governs the ICAI and 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 handling cases of professional misconduct by chartered accountants. Chartered Accountants Regulations, 1988: Regulations providing further details and procedures related to the Chartered Accountants Act, 1949. Disciplinary Committee: A committee within the ICAI responsible for investigating and adjudicating cases of professional misconduct.
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.-23092023-248915 xxxGIDHxxx CG-DL-E-23092023-248915 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 656] नई ददल्ली, िुावार, जसतम्ब र 22, 2023/भाद्र 31, 1945 No. 656] 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/196/2015/डीडी/293/2015/डीसी/1136/2019.—चार्डट ट 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 न े सीए. र्ी आर एल नरजसम्हन (सदस्ट्यता सख्ं या 201782 , 406, चौथी मजं िल, सरुु थी ब्लॉक, जचत्रा एव‍े य ू नबं र 9, चलू ईमदे ू हाई रोड, चन्ने ई (तजमलनाडु 600094, को उक्त अजधजनयम कप धारा 22 के साथ िठित िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग I के खंड (7) र िहली अनुसूची के भाग IV के खंड (2 के अथाट‍त गतट वृजिक र अ‍य 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 िश्चात् सीए. र्ी आर एल नरजसम्हन (सदस्ट्यता सख्ं या 201782 के नाम को 04 (चार मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया ह ै र साथ ही केवल 25,000/- (िच्चीस हिार रुिए रुिय े का िुमाटना भी अजधरोजित दकया, जिसका संदाय 03 (तीन मास के भीतर दकया िाना ह ै र अनुबंजधत समय के भीतर िुमाटन े के संदाय म ें व्यजताम होने कप दिा म ें उसके नाम को 01 (एक मास कप अजतठरक्त अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ा ददया िाएगा । चूंदक, प्र‍यथी ने िहले ही अनबु ंजधत समय के भीतर अजधरोजित िुमाटन े का संदाय कर ददया है, अत: अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें र िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करत े हुए, चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक 6046 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] सीए. र्ी आर एल नरजसम्हन (सदस्ट्यता सख्ं या 201782 का नाम 22 जसतबं र, 2023 स े 04 (चार मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./438/2023-24] 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/196/2015/DD/293/2015/DC/1136/2019.—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. T R L Narasimhan (Membership No. 201782), 406, 4th Floor, Suruthi Block, Chitra Avenue No.9, Choolaimedu High Road, CHENNAI(Tamilnadu) 600094, guilty of Professional and Other Misconduct falling within the meaning of Clause (7) of Part I of Second Schedule and Clause (2) of Part IV of First Schedule to the aforesaid Act read with Section 22 of the said 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. T R L Narasimhan (Membership No. 201782) from the Register of Members for a period of 4(Four) months and also imposed a fine of Rs. 25,000/-(Rupees Twenty Five Thousand) only to be paid within 03(three) months 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 01(One) month. 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 said CA. T R L Narasimhan (Membership No. 201782), shall stand removed for a period of 04(Four) months with effect from 22nd September, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./438/2023-24] 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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