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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. Santhosh D N (Membership No. 252502) by the Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • CA. Santhosh D N has been found guilty of professional and other misconduct as defined in Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule of the Chartered Accountants Act, 1949.
  • His name has been removed from the Register of Members of ICAI for a period of three years.
  • A fine of Rs. 2,00,000 has been imposed. Failure to pay within 90 days resulted in an additional 30-day removal from the register.
  • The total period of removal from the register is three years and thirty days, effective August 30, 2024.

Impact Analysis

Impact on CA. Santhosh D N

  • Potential reputational damage.

Impact on ICAI

  • Maintenance of public trust and confidence in the profession.

Impact on Public

  • Increased confidence in the regulatory framework governing the profession.

Suggested Actions

  • ICAI should review its disciplinary procedures to ensure efficiency and effectiveness.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for Chartered Accountants in India, responsible for setting professional standards and conducting disciplinary proceedings. 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 handling cases of professional misconduct among Chartered Accountants. CA. Santhosh D N: Chartered Accountant whose membership has been revoked. Disciplinary Committee: The committee within ICAI responsible for investigating and adjudicating cases of professional misconduct.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-30082024-256780 xxxGIDExxx CG-DL-E-30082024-256780 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 682] नई ददल्ली, िुावार, अगस्ट्त 30, 2024/भाद्र 8, 1946 No. 682] 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/िी/102/2022/डीडी/129/2022/डीसी/1682/2022 : 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. सतं ोषणो डी एन (सदस्ट्यता स.ं 252502 , यिवतं िरु ा, मालरू तालकु , कोलार जिला, बगं लरुू -563130 को िूवोक्त अजधजनयम कप िहली अनुसूची के भाग IV कप मद (2 र दसू री अनुसूची के भाग I कप मद (7 के अथाट‍त गटत वृजिक र अ‍य कदाचार का दोषणोी अजभजनधाटठरत दकया ह ै र उसके िठरणामस्ट्वरूि अनिु ासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. सतं ोषणो डी एन (सदस्ट्यता स.ं 252502 के नाम को 03 (तीन वषणोट कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया र साथ ही 2,00,000/- रुिये (केवल दो लाख 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 5540 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] ददया िाएगा । चूंदक, प्र‍यथी अनुबंजधत समय के भीतर अजधरोजित िुमाटने का संदाय करने में असफल रहा है, 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. सतं ोषणो डी एन (सदस्ट्यता स.ं 252502 का नाम 30 अगस्ट्त, 2024 स े 03 (तीन वषणो ट र 30 (तीस ददन कप समदे कत अवजध [03 (तीन वषणो ट र अजतठरक्त 30 (तीस ददन] के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./453/2024-25] 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/102/2022/DD/129/2022/DC/1682/2022.—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. Santhosh D N (M. No. 252502), Yeshwanthapura, Malur Taluk, Kolar District, BENGALURU 563130, guilty of Professional and Other Misconduct falling within the meaning of Item (7) of Part I of Second Schedule and Item (2) of Part IV of the 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 name of CA. Santhosh D N (M. No. 252502) from the Register of Members for a period of 03(Three) years and also imposed a fine of Rs. 2,00,000/- (Rupees Two Lakhs 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 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Santhosh D N (M. No. 252502), shall stand removed from the Register of Members for a consolidated period of 03(Three) years and 30 (Thirty) days [03 (Three) years plus additional 30 (Thirty) days] with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./453/2024-25] 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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