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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. Janakkumar Shantilal Soni (Membership No. 110003) from the Register of Members of the Institute of Chartered Accountants of India (ICAI) for a period of three years, effective from March 24, 2023.
  • This action is a result of a disciplinary action by the Disciplinary Committee of the ICAI, which found CA. Soni guilty of professional misconduct.

Key Changes

  • CA. Janakkumar Shantilal Soni (Membership No. 110003) is barred from practicing as a Chartered Accountant for three years, starting March 24, 2023.
  • The Disciplinary Committee found CA. Soni guilty of professional misconduct under Clause (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
  • The action was taken following the provisions of Section 21B(3) of the Chartered Accountants Act, 1949, read with Rule 18(17) and Rule 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.
  • The notification is issued under Regulation 18 of the Chartered Accountants Regulations 1988, in exercise of powers conferred by sub-section (2) of Section 20 of the Chartered Accountants Act, 1949.

Impact Analysis

Impact on CA. Janakkumar Shantilal Soni

  • Need to address the findings of the Disciplinary Committee and take corrective measures.

Impact on Clients of CA. Janakkumar Shantilal Soni

  • Possible need to review past work performed by CA. Soni to ensure accuracy and compliance.

Impact on ICAI

  • May serve as a deterrent to other members who may be considering unethical practices.

Suggested Action Items

  • Review internal compliance processes to prevent similar issues in the future.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): A statutory body established by an Act of Parliament to regulate the profession of Chartered Accountancy in India. Disciplinary Committee: A committee of the ICAI responsible for investigating and adjudicating cases of professional misconduct by Chartered Accountants. CA. Janakkumar Shantilal Soni: A member of the ICAI who has been found guilty of professional misconduct and whose name has been removed from the Register of Members for three years. 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 by Chartered Accountants. Chartered Accountants Regulations 1988: Regulations framed by the ICAI to govern various aspects of the Chartered Accountancy profession.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-25032023-244670 xxxGIDHxxx CG-DL-E-25032023-244670 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 182] नई ददल्ली, िुावार, माचच 24, 2023/चत्रै 3, 1945 No. 182] 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/िी/102-सी/2015/डीडी/73/आईएनएफ/2016/डीसी/660/2017.—चार्चडच अकाउंर्ेंर् (वृज‍ तक र अन् य कदाचार के अन् वेषणोणऔ र मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्चडच अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3 के उिबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने सीए. िनककुमार िाजं तलाल सोनी (सदस्ट्यता सख्ं या 110003 , 106, हाि कॉम्प्लक्े स, एजलसजिि िजु लस लाइन के िास, नागारी अस्ट्िताल र लॉ गाडचन के िास, अहमदाबाद (गिु रात 380006, को िूवोक्त अजधजनयम कप दसू री अनुसूची के भाग 1 के खडं (7) के अथाचन् तगचत वृजिक कदाचार का दोषणोी िाया ह ै र उसके िठरणामस्ट्वरूि अनुिासन सजमजत न े िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करन े के िश्चात् सीए. िनककुमार िाजं तलाल सोनी (सदस्ट्यता सख्ं या 110003 के नाम को तीन (03 वषणो च कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आदेि ददया । अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें र िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करत े हुए, चार्डच च अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के अधीन यह अजधसूजचत दकया िाता ह ै दक उक्त सीए. िनक कुमार िाजं तलाल सोनी (सदस्ट्यता सख्ं या 110003 का नाम 24 माच,च 2023 स े तीन (03 वषणो च कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा । सीए. (डॉ. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./708/2022-23] 1972 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/102-C/2015/DD/73/INF/2016/DC/660/2017.—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. Janakkumar Shantilal Soni(Membership No. 110003), 106, Haash Complex, Near Ellisbridge Police Line, Near Nagari Hospital and Law Garden, AHMEDABAD(Gujarat) 380006, guilty of Professional Misconduct falling within the meaning of Clause (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. Janakkumar Shantilal Soni (Membership No. 110003) from the Register of Members for a period of 03(Three) years. 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. Janakkumar Shantilal Soni(Membership No. 110003), shall stand removed from the Register of Members for a period of 03(Three) years with effect from 24th March, 2023. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./708/2022-23] 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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