Home India The Institute of Chartered Accountants of India In terms of the provisions of Section 21B3 of the Chartered ...
Date: 2019-12-20 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

This notification, issued by The Institute of Chartered Accountants of India on December 20, 2019, announces the disciplinary action taken against CA. Kamal Mehta (Membership No. 071500) of Ms. K Mehta Associates, Jaipur. The Disciplinary Committee found CA. Mehta guilty of Other Misconduct under Clause 2 of Part IV of the First Schedule to the Chartered Accountants Act, 1949. As a result, CA. Mehta's name has been removed from the Register of Members for a period of three months, effective December 20, 2019. Additionally, a fine of Rs. 1,18,000 (One Lac Eighteen Thousand only, including applicable taxes) has been imposed. The notification is issued in accordance with Section 21B(3) of the Chartered Accountants Act, 1949, and Regulation 18 of the Chartered Accountants Regulations, 1988. The Acting Secretary, Rakesh Sehgal, is the signatory.

Key Entities Referenced

The Institute of Chartered Accountants of India: An organization set up by an Act of Parliament mentioned in the notification. Chartered Accountants Act, 1949: A law referenced in the notification concerning the provisions related to disciplinary actions. Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007: Rules pertaining to investigations of misconduct, relevant to the disciplinary action. Disciplinary Committee: A committee that held CA. Kamal Mehta guilty of misconduct. Kamal Mehta: A Chartered Accountant found guilty of Other Misconduct. Jaipur, Rajasthan: The city and state where Ms. K Mehta Associates is located. Chartered Accountants Regulations, 1988: Regulations referenced in relation to the removal of Kamal Mehta from the Register of Members. Rakesh Sehgal: Acting Secretary who notified the removal of Kamal Mehta from the Register of Members.
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