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Date: 24-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

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

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. Som Monoranjan's name from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of one month, effective from March 24, 2023.
  • This action is a consequence of professional misconduct and failure to pay a fine imposed by the Disciplinary Committee.

Key Changes

  • CA. Som Monoranjan (Membership No. 052290) is found guilty of professional misconduct under Clause (1) of Part II of the Second Schedule to the Chartered Accountants Act, 1949.
  • A fine of Rs. 4,00,000/- (Rupees Four Lakhs) was imposed, with a 90-day payment deadline.
  • Due to non-payment of the fine within the stipulated time, CA. Som Monoranjan's name is removed from the Register of Members for one month starting March 24, 2023.
  • The action is taken under Section 20(2) of the Chartered Accountants Act, 1949, and Regulation 18 of the Chartered Accountants Regulations, 1988, following an order from the Disciplinary Committee.

Impact Analysis

Impact on CA. Som Monoranjan

  • Loss of professional opportunities during the suspension period.

Impact on ICAI

  • May lead to increased scrutiny of other members to ensure compliance with ethical guidelines.

Impact on Clients and Public

  • Highlights the importance of due diligence when selecting a Chartered Accountant.

Suggested Action Items

  • Review internal processes to prevent similar instances of misconduct and non-compliance in the future.

Key Entities Referenced

CA. Som Monoranjan: Chartered Accountant, Membership No. 052290, found guilty of professional misconduct. ICAI (The Institute of Chartered Accountants of India): The regulatory body for Chartered Accountants in India, responsible for maintaining professional standards and ethical conduct. Disciplinary Committee: A committee within ICAI responsible for investigating and adjudicating cases of professional misconduct. 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 professional misconduct. Chartered Accountants Regulations, 1988: Regulations providing detailed rules for the functioning of the ICAI and its members.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-25032023-244675 xxxGIDHxxx CG-DL-E-25032023-244675 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 185] नई ददल्ली, िुावार, माचच 24, 2023/चत्रै 3, 1945 No. 185] NEW DELHI, FRIDAY, MARCH 24, 2023/CHAITRA 3, 1945 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 24 माचच, 2023 (चार्चडच अकाउंर्ेंट्स) स.ंिीिीआर/िी/226/2017/डीडी/210/र्ीएएमसी/आईएनएफ/2017/डीसी/1303/2020.—चार्चडच अकाउंर्ेंर् (वृज‍ तक और अन् य कदाचार के अन् वेषणोणऔ और मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्चडच अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3 के उिबधं औ के जनबंधनानुसार अनिु ासन सजमजत ने सीए. सोम मोनोरंिन (सदस्ट्यता सख्ं या 052290 , 7/2, चौधरी िारा लने , हावडा (िजिमी बगं ाल 711104, को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग 2 के खडं (1) के अथाचन् तगचत वृजिक कदाचार का दोषणोी िाया ह ै और उसके िठरणामस्ट्वरूि अनुिासन सजमजत ने िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के ििात् केवल 4,00,000/- रुिय े (चार लाख रुिय े का िुमाचना अजधरोजित दकया, जिसका संदाय 90 ददनऔ के भीतर दकया िाना ह ैऔर अनुबंजधत समय के भीतर िुमाचने के संदाय म ेंव्यजताम कप दिा में उसके नाम को 01 (एक मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र से हर्ा ददया िाएगा । चूंदक, प्र‍यथी अनुबंजधत समय के भीतर अजधरोजित िुमाचन े का संदाय करन े में असफल रहा ह,ै अत: अनिु ासन सजमजत के िूवोक्त आदिे के अनुसरण म ें और चार्चड च अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िवू ोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करत े हुए यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. सोम मोनोरंिन (सदस्ट्यता सख्ं या 052290 का नाम 24 माच,च 2023 स े एक (01 मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डॉ. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./711/2022-23] 1975 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 24th March, 2023 (CHARTERED ACCOUNTANTS) No. PPR/P/226/2017/DD/210/TAMC/INF/2017/DC/1303/2020.—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. Som Monoranjan (Membership No. 052290), 7/2, Chowdhury Para Lane, HOWRAH (West Bengal) 711104, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II 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, imposed a fine of Rs. 4,00,000/-(Rupees Four Lakhs) only to be paid within 90 days and in case of default in payment of fine within stipulated time, his name be removed from the Register of Members for a period of 01(One) month. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of said CA. Som Monoranjan (Membership No. 052290), shall stand removed for a period of 01(One) month with effect from 24th March, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./711/2022-23] 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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