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

## Report on Notification Regarding Disciplinary Action Against Chartered Accountant **1. Executive Summary:** This report analyzes a notification published by The Institute of Chartered Accountants of India (ICAI) on January 11, 2022, regarding disciplinary action taken against CA. Sreenivasa G. The notification stems from professional misconduct and details the consequences of failing to pay a fine imposed by the Disciplinary Committee. The key finding is that due to non-payment of the fine, CA. Sreenivasa G.'s name has been removed from the Register of Members for one month. **2. Introduction:** This report provides an overview of a notification issued by the Institute of Chartered Accountants of India (ICAI) regarding disciplinary action against a member. The analysis is based solely on the text provided and aims to inform affected parties within the Chartered Accountancy profession about the notification's content and implications. **3. Policy Overview:** This notification pertains to the enforcement of the Chartered Accountants Act, 1949, and the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007. The inferred core objective is to enforce professional conduct standards and administer penalties for misconduct as per the Act and related regulations. **4. Background and Rationale:** This document outlines disciplinary measures related to non-payment of imposed fines. The notification directly addresses the consequence of failing to comply with the Disciplinary Committee's order, likely prompted by CA. Sreenivasa G.'s failure to remit the fine levied for exceeding the stipulated audit limit. The likely underlying reason is to maintain compliance and demonstrate the consequences of not adhering to disciplinary measures. **5. Key Provisions / Changes:** This is an action taken due to prior disciplinary action. The key provision is the *removal* of CA. Sreenivasa G.'s name from the Register of Members for a period of one month, effective from January 11, 2022. * This notification is triggered by the *failure* to pay a previously imposed fine. * The *new* rule being enforced here is the removal from the Register of Members as a consequence of non-payment of fines. * The effect is that CA. Sreenivasa G. cannot practice as a Chartered Accountant for one month due to this removal. It serves as a consequence for not complying with the Disciplinary Committee's order to pay the imposed fine within the stipulated time. **6. Target Audience and Stakeholders:** The primary target audience is likely the members of the ICAI, particularly those in the Bengaluru region given the address provided for CA. Sreenivasa G. Broader stakeholders include: * The Institute of Chartered Accountants of India (ICAI) itself, as the enforcer of the regulations. * Clients and associates of CA. Sreenivasa G., who will be affected by his temporary suspension. * Other Chartered Accountants, as a reminder of the consequences of non-compliance. **7. Implementation Aspects (Inferred):** * **Responsible agency:** The Disciplinary Committee of the ICAI and the Secretary of the ICAI (CA. Dr. JAI KUMAR BATRA). * **Timelines:** The original order specified a 3-month period for payment of the fine. The removal from the Register took effect on January 11, 2022, for a period of one month. * The Disciplinary Committee makes the initial decision, and the Secretary of the ICAI is responsible for notifying the removal from the register. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this notification is to: * Enforce compliance with disciplinary orders within the ICAI. * Serve as a deterrent to other members who might be considering non-compliance. * Maintain the integrity and reputation of the Chartered Accountancy profession. The potential impact of the amendment itself (the removal) is a temporary disruption to CA. Sreenivasa G.'s practice and a reminder to other members to adhere to disciplinary orders. **9. Conclusion:** The notification regarding the removal of CA. Sreenivasa G. from the Register of Members for one month underscores the ICAI's commitment to enforcing disciplinary measures and maintaining professional standards. This action serves as a direct consequence of failing to comply with the Disciplinary Committee's order to pay a previously imposed fine, reinforcing the importance of adhering to the Act, regulations and ethical conduct within the profession.

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