Executive Summary:
This notification, issued by the Institute of Chartered Accountants of India on September 25, 2020, announces the removal of names of multiple members from the Register of Members due to professional misconduct. The Disciplinary Committee, acting under the Chartered Accountants Act of 1949 and related rules, has ordered these removals for specified periods. The removals are effective from September 25, 2020.
Key Points / Main Content:
Disciplinary Actions:
* CA. Amit Vasant Chheda (Membership No. 142913) is found guilty of Professional Misconduct under Clause 1 of Part II of the Second Schedule of the Chartered Accountants Act, 1949.
* His name is removed from the Register of Members for 6 months, effective September 25, 2020.
* CA. Shailendra Srivastava (Membership No. 401597) is found guilty of Professional Misconduct under Clauses 8 & 9 of Part I of the First Schedule and Clause 1 of Part II of the Second Schedule of the Chartered Accountants Act, 1949.
* His name is removed from the Register of Members for 6 months, effective September 25, 2020, and a fine of Rs. 10,000 is imposed.
* CA. Hemant Tulsidas Merchant (Membership No. 033805) is found guilty of Professional Misconduct under Clause 9 of Part I of the First Schedule and Clause 7 of Part I of the Second Schedule in first mentioned case and Clauses 7 & 8 of Part I of Second Schedule to the aforesaid Act in second mentioned case.
* His name is removed from the Register of Members for a total period of 4 years and 6 months, effective September 25, 2020.
* CA. Sujit Kumar Bhattacharyya (Membership No. 011590) is found guilty of Professional Misconduct under Clause 4 of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
* His name is removed from the Register of Members for 3 months, effective September 25, 2020.
Legal Basis:
* The actions are taken under Section 21B3 and Section 20(2) of the Chartered Accountants Act, 1949.
* These actions are in accordance with 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.
Impact Analysis:
Impacted Stakeholder: Chartered Accountants Named
* Impact: Temporary removal from the Register of Members, preventing them from practicing as Chartered Accountants for the specified duration; financial penalty for CA. Shailendra Srivastava.
* Action Required: Compliance with the removal order and payment of fine by CA. Shailendra Srivastava.
Impacted Stakeholder: Institute of Chartered Accountants of India (ICAI)
* Impact: Update and maintenance of the Register of Members to reflect the removals.
* Action Required: Implement the orders of the Disciplinary Committee and ensure compliance.
Impacted Stakeholder: Clients and Public
* Impact: Awareness that the named Chartered Accountants are temporarily restricted from providing professional services.
* Action Required: Seek alternative Chartered Accountants for their professional needs during the removal period.
Key Entities Referenced
Chartered Accountants Act, 1949: An act related to the regulation of chartered accountants in India.
Chartered Accountants Regulations, 1988: Regulations pertaining to the chartered accountancy profession in India.
The Institute of Chartered Accountants of India: The professional accounting body in India that regulates the profession of chartered accountancy.
Disciplinary Committee: A committee responsible for investigating professional misconduct of Chartered Accountants.
Amit Vasant Chheda: A Chartered Accountant, member no. 142913, found guilty of professional misconduct.
Shailendra Srivastava: A Chartered Accountant, member no. 401597, found guilty of professional misconduct.
Hemant Tulsidas Merchant: A Chartered Accountant, member no. 033805, found guilty of professional misconduct.
Sujit Kumar Bhattacharyya: A Chartered Accountant, member no. 011590, found guilty of professional misconduct.
New Delhi: The location where the notification was issued.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-28092020-222060
xxxGIDHxxx
CG-DL-E-28092020-222060
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 379] नई दिल्ली, िुावार, जसतम्ब र 25, 2020/आजव न 3, 1942
No. 379] NEW DELHI, FRIDAY, SEPTEMBER 25, 2020/ASVINA 3, 1942
भारतीय चार्टडट एकाउंर्ेंट्स सस्ट्ं थान
अजधसचू ना
नई दिल् ली, 25 जसतम्ब र, 2020
(चार्टडट एकाउंर्ेंट्स)
स.ं पीपीआर/28/डब्लल्य/ू2013/डीडी/22/डब्लल्य/ूआईएनएफ/13/डीसी/583/2017.—चार्टडट एकाउंर्ेंट्स (वृज तक
और अन् य किाचार के अन् वेषणोणऔ और मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) और 19(1 के साथ
पठित, चार्टडट एकाउंर्ेंट्स अजधजनयम, 1949 कप धारा 21ख(3 के उपबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने,
सीए. अजमत वसतं छेिा (सिस्ट्यता स.ं 142913 , 3-128, लॉड भवन, रोड स.ं 24-ए, िनै सोसाइर्ी, सायन वस्ट्े र्,
मबुं ई-400 022 को, पूवोक्त अजधजनयम कप िसू री अनुसूची के भाग 2 के खंड (1 के अथाटन् तगटत वृजिक किाचार का िोषणोी
पाया ह ै और इसके पठरणामस्ट्वरूप उपयुटक् त सीए. अजमत वसतं छेिा (सिस्ट्यता सं. 142913 के नाम को 06 (छह मास
कप अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र से हर्ाने का आिेि दिया था । इसके अनुसरण म ें और चार्टड ट एकाउंर्ेंट्स जवजनयम,
1988 के जवजनयम 18 के साथ पठित पूवोक्त अजधजनयम कप धारा 20 कप उपधारा (2) द्वारा प्रिि िजक्तयऔ का प्रयोग करत े
हुए यह अजधसूजचत दकया िाता ह ै दक सीए. अजमत वसतं छेिा (सिस्ट्यता स.ं 142913 का नाम, 25 जसतम्ब र, 2020 स े
06 (छह) मास कप अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा ।
राकेि सहगल, कायटकारी सजचव
[जवज्ञापन-III/4/असा./244/2020-21]
4492 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
NOTIFICATION
New Delhi, the 25th September, 2020
(CHARTERED ACCOUNTANTS)
No. PPR/28/W/2013/DD/22/W/INF/13/DC/583/2017.—In terms of the provisions of Section
21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered
Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases)
Rules, 2007, the Disciplinary Committee has held CA. Amit Vasant Chheda(Membership No. 142913),
3-128, Laud Bhuvan, Road No. 24-A, Jain Society, Sion West, Mumbai-400 022, guilty of Professional
Misconduct falling within the meaning of Clause (1) of Part II of the Second Schedule to the aforesaid Act
and consequently ordered for removal of the name of aforesaid CA. Amit Vasant Chheda (Membership
No. 142913) from the Register of Members for a period of 06 (Six) months. In pursuance thereof and in
exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation
18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. Amit
Vasant Chheda (Membership No. 142913), shall stand removed from the Register of Members for a
period of 06 (Six) months with effect from 25th September, 2020.
RAKESH SEHGAL, Acting Secy.
[ADVT.-III/4/Exty./244/2020-21]
अजधसचू ना
नई दिल् ली, 25 जसतम्ब र, 2020
(चार्टडट एकाउंर्ेंट्स)
स.ं पीआर/202/13/डीडी/213/13/डीसी/497/16.—चार्टडट एकाउंर्ेंट्स (वृज तक और अन् य किाचार के अन् वेषणोणऔ
और मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) और 19(1 के साथ पठित, चार्टडट एकाउंर्ेंट्स
अजधजनयम, 1949 कप धारा 21ख(3 के उपबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने, सीए. िलै न्े र श्रीवास्ट्तव
(सिस्ट्य ता स.ं 401597 , 117/22-ए, एन ब्ललॉक, रानी गिं , काकािेव, कानपरु -208025 को, पूवोक्त अजधजनयम कप
िसू री अनुसूची के भाग 2 के खंड (1 और पहली अनुसूची के भाग 1 के खंड (8 और खडं (9 के अथाटन्त गतट वृजिक
किाचार का िोषणोी पाया ह ैऔर इसके पठरणामस्ट्वरूप उपयुटक् त सीए. िलै ेन्र श्रीवास्ट्तव (सिस्ट्य ता सं. 401597 के नाम को
06 (छह मास कप अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आिेि दिया था और 10,000/- (िस हिार रुपए का
िुमाटना भी अजधरोजपत दकया था । इसके अनुसरण म ें और चार्टडट एकाउंर्ेंट्स जवजनयम, 1988 के जवजनयम 18 के साथ
पठित पूवोक्त अजधजनयम कप धारा 20 कप उपधारा (2) द्वारा प्रिि िजक्तयऔ का प्रयोग करते हुए यह अजधसूजचत दकया
िाता ह ै दक उक्त सीए. िलै न्े र श्रीवास्ट्तव (सिस्ट्य ता स.ं 401597 का नाम, 25 जसतम् बर, 2020 स े 06 (छह मास कप
अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा ।
राकेि सहगल, कायटकारी सजचव
[जवज्ञापन- III/4/असा./244/2020-21]
NOTIFICATION
New Delhi, the 25th September, 2020
(CHARTERED ACCOUNTANTS)
No. PR/202/13/DD/213/13/DC/497/16.—In terms of the provisions of Section 21B(3) of the
Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants
(Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the
Disciplinary Committee has held CA. Shailendra Srivastava (Membership No. 401597), 117/22-A,
N Block, Rani Ganj, Kakadeo, Kanpur-208 025, guilty of Professional Misconduct falling within the
meaning of Clauses (8) & (9) of Part I of the First Schedule and Clause (1) of Part II of the Second[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid
CA. Shailendra Srivastava (Membership No. 401597) from the Register of Members for a period of 06
(Six) months and also imposed a fine of Rs. 10,000/- (Ten Thousand) only. In pursuance thereof and in
exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation
18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said
CA. Shailendra Srivastava (Membership No. 401597), shall stand removed from the Register of
Members for a period of 06(Six) months with effect from 25th September, 2020.
RAKESH SEHGAL, Acting Secy.
[ADVT.-III/4/Exty./244/2020-21]
अजधसचू ना
नई दिल् ली, 25 जसतम्ब र, 2020
(चार्टडट एकाउंर्ेंट्स)
स.ं पीपीआर/136/15/डीडी/111/आईएनएफ/15/डीसी/559/2017 और पीपीआर/31/16/डीडी/17/
आईएनएफ/16-डीसी/774/18.—चार्टडट एकाउंर्ेंट्स (वृज तक और अन् य किाचार के अन् वेषणोणऔ और मामलऔ के संचालन कप
प्रदाया जनयम, 2007 के जनयम 18(17) और 19(1 के साथ पठित, चार्टडट एकाउंर्ेंट्स अजधजनयम, 1949 कप धारा
21ख(3 के उपबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने, सीए. हमे तं तलु सीिास मचर्ें (सिस्ट्यता सख्ं या 033805 ,
फ्लर्ै नबं र 4, पहला तल, साई मजं िल, 18, अल्र्ामाउंर् रोड, मबुं ई-400 026 को, पहल े उजल्लजखत मामले में पूवोक्त
अजधजनयम कप पहली अनुसूची के भाग 1 के खडं (9 के अथाटन्त गटत और िसू रे उजल्लजखत मामल े में पूवोक्त अजधजनयम कप
िसू री अनुसूची के भाग 1 के खंड (7 और खंड (8 के अथाटन् तगटत वृजिक किाचार का िोषणोी पाया ह ै और इसके
पठरणामस्ट्वरूप उपयक्ुट त सीए. हमे ंत तुलसीिास मचेंर् (सिस्ट्यता संख्या 033805 के नाम को पहले मामले में 18
(अिारह मास तथा िसू रे मामले में 3 वषणोट कप अजतठरक्त अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र से हर्ाने का आिेि दिया था ।
इसके अनुसरण म ें और चार्टड ट एकाउंर्ेंट्स जवजनयम, 1988 के जवजनयम 18 के साथ पठित पवू ोक्त अजधजनयम कप धारा 20
कप उपधारा (2) द्वारा प्रिि िजक्तयऔ का प्रयोग करत े हुए यह अजधसूजचत दकया िाता ह ै दक सीए. हमे तं तलु सीिास मचर्ें
(सिस्ट्यता सख्ं या 033805 का नाम, 25 जसतम्ब र, 2020 स े 04 (चार वषणो ट और 06 (छह मास कप अवजध के जलए
सिस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा ।
राकेि सहगल, कायटकारी सजचव
[जवज्ञापन-III/4/असा./244/2020-21]
NOTIFICATION
New Delhi, the 25th September, 2020
(CHARTERED ACCOUNTANTS)
No. PPR/136/15/DD/111/INF/15/DC/559/2017 & PPR/31/16/DD/17/INF/16-DC/774/18.—In
terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17)
and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct
and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Hemant Tulsidas
Merchant (Membership No. 033805), Flat No. 4, 1st Floor, Sai Manzil, 18, Altamount Road, Mumbai-
400 026, guilty of Professional Misconduct falling within the meaning of Clause (9) of Part I of the First
Schedule and Clause (7) of Part I of the Second Schedule in first mentioned case and Clause(s) (7) & (8) of
Part I of Second Schedule to the aforesaid Act in second mentioned case and consequently ordered for
removal of the name of aforesaid CA. Hemant Tulsidas Merchant (Membership No. 033805) from the
Register of Members for a period of 18(Eighteen) months in first case and additionally 3 years in the
second case. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20
of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby
notified that the name of said CA. Hemant Tulsidas Merchant (Membership No. 033805), shall stand4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
removed from the Register of Members for a total period of 4(four) years and 6(six) months with
effect from 25th September, 2020.
RAKESH SEHGAL, Acting Secy.
[ADVT.-III/4/Exty./244/2020-21]
अजधसचू ना
नई दिल् ली, 25 जसतम्ब र, 2020
(चार्टडट एकाउंर्ेंट्स)
स.ं पीआर/268/13-डीडी/259/13/डीसी/546/2017.—चार्टडट एकाउंर्ेंट्स (वृज तक और अन् य किाचार के
अन् वेषणोणऔ और मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) और 19(1 के साथ पठित, चार्टड ट
एकाउंर्ेंट्स अजधजनयम, 1949 कप धारा 21ख(3 के उपबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने, सीए. सिु ीत कुमार
भट्टाचाय ट (सिस्ट्यता सख्ं या 011590 , पी-143 लके र्ाउन ब्ललॉक ए, ग्राउंड फ्लोर, पी एस लके र्ाउन,
कोलकाता 700 089 को, पूवोक्त अजधजनयम कप िसू री अनुसचू ी के भाग 1 के खंड (4 के अथाटन् तगटत वृजिक किाचार का
िोषणोी पाया ह ै और इसके पठरणामस्ट्वरूप उपयुटक त सीए. सिु ीत कुमार भट्टाचाय ट (सिस्ट्यता संख्या 011590 के नाम को
03 (तीन मास कप अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र स े हर्ाने का आिेि दिया था । इसके अनुसरण म ें और चार्टड ट
एकाउंर्ेंट्स जवजनयम, 1988 के जवजनयम 18 के साथ पठित पवू ोक्त अजधजनयम कप धारा 20 कप उपधारा (2) द्वारा प्रिि
िजक्तयऔ का प्रयोग करते हुए यह अजधसूजचत दकया िाता ह ै दक सीए. सिु ीत कुमार भट्टाचाय ट (सिस्ट्यता सख्ं या 011590
का नाम, 25 जसतम् बर, 2020 स े03 (तीन मास कप अवजध के जलए सिस्ट्यऔ के रजिस्ट्र्र स ेहर् िाएगा ।
राकेि सहगल, कायटकारी सजचव
[जवज्ञापन-III/4/असा./244/2020-21]
NOTIFICATION
New Delhi, the 25th September, 2020
(CHARTERED ACCOUNTANTS)
No. PR/268/13-DD/259/13/DC/546/2017.—In terms of the provisions of Section 21B(3) of the
Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants
(Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the
Disciplinary Committee has held CA. Sujit Kumar Bhattacharyya (Membership No. 011590), P-143
Lake Town Block A, Ground Floor, P S Lake Town, Kolkata 700 089, guilty of Professional
Misconduct falling within the meaning of Clause (4) of Part I of the Second Schedule to the aforesaid Act
and consequently ordered for removal of the name of aforesaid CA. Sujit Kumar Bhattacharyya
(Membership No. 011590) from the Register of Members for a period of 03(Three) months. In pursuance
thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read
with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of
said CA. Sujit Kumar Bhattacharyya (Membership No. 011590), shall stand removed from the
Register of Members for a period of 03 (three) months with effect from 25th September, 2020.
RAKESH SEHGAL, Acting Secy.
[ADVT.-III/4/Exty./244/2020-21]
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