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Date: 30-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

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

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 from the Institute of Chartered Accountants of India (ICAI) announces the disciplinary action taken against CA. Karthik Mohan (Membership No. 243159).
  • The action is based on findings of professional misconduct under the Chartered Accountants Act, 1949 and related rules.

Key Changes

  • CA. Karthik Mohan has been found guilty of professional misconduct as defined in Item (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
  • His name has been removed from the Register of Members of the ICAI for a period of two months, effective August 30, 2024.
  • A fine of Rs. 20,000 has been imposed, which has been paid.
  • The initial penalty included an additional 30-day removal from the register if the fine wasn't paid within 90 days. Since the fine was paid, this additional penalty did not apply.

Impact Analysis

Impact on CA. Karthik Mohan

  • Potential reputational damage.

Impact on ICAI

  • Potential administrative costs associated with the disciplinary proceedings.

Impact on Public

  • May indirectly affect clients of CA. Karthik Mohan during the two-month suspension.

Suggested Action Items for ICAI

  • Provide support and resources to members to maintain ethical 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 among chartered accountants. CA. Karthik Mohan: Chartered Accountant subject to disciplinary action.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-30082024-256779 xxxGIDExxx CG-DL-E-30082024-256779 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 681] नई ददल्ली, िुावार, अगस्ट्त 30, 2024/भाद्र 8, 1946 No. 681] NEW DELHI, FRIDAY, AUGUST 30, 2024/BHADRA 8, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 30 अगस्ट् त, 2024 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/िी/261/2022/डीडी/156/2022/डीसी/1681/2022.—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. कार्तकट मोहन (सदस्ट्यता सख्ं या 243159 , सख्ं या 16/2, निे नल हाई स्ट्कूल रोड, जवश्वश्वे रिरु म, कामत होर्ल के िास, बगं लरुू - 560004 को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग I कप मद (7 के अथाट‍ तगटत वृजिक कदाचार का दोषणोी अजभजनधाटठरत दकया ह ै र उसके िठरणामस्ट्वरूि अनिु ासन सजमजत न े िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के िश्चात,् सीए. कार्तकट मोहन (सदस्ट्यता सख्ं या 243159 के नाम को 02 (दो मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया र साथ ही 20,000/- रुिये (केवल बीस हिार रुिए का िुमाटना भी अजधरोजित दकया, जिसका संदाय 90 ददन के भीतर दकया िाना ह ै र अनुबंजधत समय के भीतर िुमाटने के संदाय में व्यजताम कप दिा म ें उसके नाम को 30 (तीस ददन कप अजतठरक्त अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ा ददया िाएगा । 5539 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] चूंदक, प्र‍यथी न े िहल े ही अनुबजं धत समय के भीतर अजधरोजित िुमाटन े का संदाय कर ददया ह,ै अत:, अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें र चार्टडट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करते हुए यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. कार्तकट मोहन (सदस्ट्यता सख्ं या 243159 का नाम 30 अगस्ट्त, 2024 स े 02 (दो मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर् िाएगा । सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./452/2024-25] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 30th August, 2024 (CHARTERED ACCOUNTANTS) No. PR/G/261/2022/DD/156/2022/DC/1681/2022.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 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. Karthik Mohan (Membership No. 243159), NO 16/2, National High School Road, Visveshwarapuram, Near Kamat Hotel, BENGALURU- 560004, 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. Karthik Mohan (Membership No. 243159) 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 shall be removed 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. Karthik Mohan (Membership No. 243159), shall stand removed from the Register of Members for a period of 02(Two) months with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./452/2024-25] 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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