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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 announces the disciplinary action taken against CA. Parameswari D (Membership No. 214838) by the Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI).
  • The action is based on findings of professional misconduct under the Chartered Accountants Act, 1949 and related rules.

Key Changes/Updates

  • CA. Parameswari D 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.
  • Her name has been removed from the Register of Members of ICAI for a period of 60 days initially, with an additional 30-day removal for failure to pay a fine.
  • A fine of Rs. 20,000 has been imposed, payable within 90 days. Failure to pay resulted in the extension of the removal from the register.
  • The total period of removal from the register is 90 days (60 days + 30 days), effective from August 30, 2024.

Impact Analysis

Impact on CA. Parameswari D

  • Financial penalty of Rs. 20,000.

Impact on ICAI

  • Potential administrative burden in processing the disciplinary action.

Impact on Public

  • Provides a deterrent effect against professional misconduct.

Suggested Action Items

  • CA. Parameswari D should consider appealing the decision if grounds exist, or take steps to rectify any shortcomings that led to the misconduct.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body for chartered accountants in India, responsible for setting professional standards and enforcing discipline. 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 dealing with professional misconduct cases. CA. Parameswari D (M.No. 214838): The chartered accountant against whom disciplinary action was taken.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-30082024-256778 xxxGIDExxx CG-DL-E-30082024-256778 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 680] नई ददल्ली, िुावार, अगस्ट्त 30, 2024/भाद्र 8, 1946 No. 680] 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/िी/154/2022/डीडी/136/2022/डीसी/1612/2022.—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 जनबधं नानुसार अनुिासन सजमजत ने सीए. िरमश्वे री डी (सदस्ट्यता स.ं 214838 , नया न.ं 1/8, (िरु ाना न.ं 19/12 , रािा नायकन स्ट्रीर्, वगं ाराम, चन्ने ई-600095 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 अनुिासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. िरमश्वे री डी (सदस्ट्यता स.ं 214838 के नाम को 60 (साि ददन कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया र साथ ही 20,000/- रुिय े (केवल बीस हिार रुिए का िुमानट ा भी अजधरोजित दकया, जिसका संदाय 90 ददन के भीतर दकया िाना ह ै र अनुबंजधत समय के भीतर िुमाटने के संदाय में व्यजताम कप दिा में उसके नाम को 30 (तीस ददन कप अजतठरक्त अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ा ददया िाएगा । चूंदक, प्र‍यथी अनुबंजधत समय 5538 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] के भीतर अजधरोजित िुमाटन े का संदाय करने में असफल रहा ह,ै अत:, अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें र चार्टड ट 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. िरमश्वे री डी (सदस्ट्यता स.ं 214838 का नाम 30 अगस्ट्त, 2024 स े 90 (नब्ब े ददन कप समदे कत अवजध [60 (साि ददन र अजतठरक्त 30 (तीस ददन] के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा। सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./450/2024-25] 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/154/2022/DD/136/2022/DC/1612/2022.—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. Parameswari D (M.No. 214838), New no-1/8 (Old no-19/12), Raja Naicken Street, Vanagaram, CHENNAI 600095, 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. Parameswari D (M.No. 214838) from the Register of Members for a period of 60(Sixty) days 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 her name shall be removed for a further period of 30(Thirty) days. 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. Parameswari D (M.No. 214838), shall stand removed from the Register of Members for a consolidated period of 90(Ninety) days [60(Sixty) days plus additional 30(Thirty) days] with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./450/2024-25] 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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