In terms of the provisions of Section 21B3 of the Chartered Accountants Act,

## Report on Notification Regarding Removal of Chartered Accountant from Register of Members **1. Executive Summary:** This report analyzes a notification issued by the Institute of Chartered Accountants of India (ICAI) regarding the removal of CA. Ganapathy Sivaprakash from the Register of Members. The core purpose of this notification is to publicly announce and implement the Disciplinary Committee's order to remove the aforementioned individual's name from the register for a period of two years due to professional misconduct. The key finding is that this action is a consequence of a disciplinary process mandated by the Chartered Accountants Act, 1949 and its associated rules and regulations. **2. Introduction:** This report aims to provide a comprehensive overview of a notification published by the Institute of Chartered Accountants of India (ICAI) concerning disciplinary action against a member. The analysis is based solely on the provided text of the notification. **3. Policy Overview:** This notification does not introduce a new policy but rather implements existing policies and procedures related to disciplinary actions against Chartered Accountants. * **Core Objective(s):** The core objective, inferred from the text, is to enforce professional ethics and standards within the Chartered Accountancy profession by implementing disciplinary measures against members found guilty of professional misconduct. This is achieved by removing the member's name from the Register of Members, effectively preventing them from practicing as a Chartered Accountant for the stipulated period. **4. Background and Rationale:** The notification addresses the issue of professional misconduct within the Chartered Accountancy profession. The Disciplinary Committee, acting under the authority of the Chartered Accountants Act, 1949, found CA. Ganapathy Sivaprakash guilty of Professional Misconduct falling within the meaning of Clauses 6, 7 and 8 of Part I of Second Schedule to the aforesaid Act. The notification serves as a public announcement of this disciplinary action, ensuring transparency and accountability within the profession. **5. Key Provisions / Changes:** This notification documents an implementation of the disciplinary process, and introduces the following changes for the individual CA. Ganapathy Sivaprakash : * **Specific Part of Policy Affected:** The notification implements Section 21B(3) of the Chartered Accountants Act, 1949, Rules 1817 and 191 of the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007 and Regulation 18 of the Chartered Accountants Regulations 1988. * **New Rule/Provision:** The name of CA. Ganapathy Sivaprakash, Membership No. 024556, shall stand removed from the Register of Members for a period of 02 (Two) years, effective from 30th September, 2022. * **Difference/Effect of Change:** This change means that CA. Ganapathy Sivaprakash is prohibited from practicing as a Chartered Accountant and cannot use the designation "Chartered Accountant" during the two-year period. This action aims to uphold the integrity of the profession and protect the public interest. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders include: * **CA. Ganapathy Sivaprakash:** Directly affected by the removal from the Register of Members. * **Clients and potential clients of CA. Ganapathy Sivaprakash:** Need to be aware of his temporary inability to practice. * **The Institute of Chartered Accountants of India (ICAI):** Responsible for maintaining professional standards and enforcing disciplinary actions. * **Members of the Chartered Accountancy Profession:** Affected indirectly as the notification serves as a reminder of the importance of ethical conduct. * **Regulatory Bodies and the Public:** Beneficiaries of the enforcement of ethical standards in the profession. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Institute of Chartered Accountants of India (ICAI), specifically the Disciplinary Committee and the Secretary (CA. Dr. Jai Kumar Batra). * **Timelines/Procedures:** The notification specifies a two-year removal period commencing on September 30, 2022. The notification is being published in the Gazette of India, indicating a formal and public record of the disciplinary action. Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi110064 and Published by the Controller of Publications, Delhi110054. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this specific change is to: * Ensure CA. Ganapathy Sivaprakash ceases practicing as a Chartered Accountant for two years. * Maintain public trust in the Chartered Accountancy profession by demonstrating that misconduct is taken seriously. * Serve as a deterrent to other members who might consider engaging in unethical practices. **9. Conclusion:** The notification regarding the removal of CA. Ganapathy Sivaprakash from the Register of Members represents the implementation of disciplinary measures by the ICAI to enforce professional standards. This action highlights the ICAI's commitment to upholding the integrity of the Chartered Accountancy profession and protecting the public interest. The two-year removal period signifies a substantial consequence for professional misconduct, reinforcing the importance of ethical behavior for all members.

Key Entities Referenced