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Date: 30-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of Section 21B3of the Chartered Accountants Act, 1949 read with Rules

Issued by The Institute of Chartered Accountants of India · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification announces the temporary removal of a Chartered Accountant (CA) from the Register of Members of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • CA G Selvaraj (Membership No. 204231) has been found guilty of professional misconduct as defined in Item (7) of Part I of the Second Schedule of the Chartered Accountants Act, 1949.
  • The Disciplinary Committee of the ICAI ordered the removal of his name from the Register of Members for one month, effective August 30, 2024.
  • This action is based on Section 21B(3) of the Chartered Accountants Act, 1949, Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, and Section 20(2) of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988.

Impact Analysis

Impact on CA G Selvaraj

  • Possible limitations on undertaking professional engagements during the suspension period.

Impact on ICAI

  • Potential administrative burden associated with processing the suspension and reinstatement.

Impact on Public

  • Assurance that disciplinary actions are taken against members found to have engaged in professional misconduct.

Suggested Action Items

  • ICAI should review its processes to prevent similar instances of professional misconduct in the future.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The regulatory body for chartered accountants in India, responsible for setting professional standards and enforcing disciplinary actions. 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 and addressing professional misconduct by chartered accountants. Chartered Accountants Regulations, 1988: Regulations further defining the rules and procedures for the chartered accountancy profession. CA G Selvaraj: The chartered accountant whose name has been temporarily removed from the Register of Members.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-30082024-256788 xxxGIDExxx CG-DL-E-30082024-256788 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 684] नई ददल्ली, िुावार, अगस्ट्त 30, 2024/भाद्र 8, 1946 No. 684] NEW DELHI, FRIDAY, AUGUST 30, 2024/BHADRA 8, 1946 भारतीय सनदी लखे ाकार सस्ट्ं थान, नई ददल्ल ी (ससं दीय अजधजनयम द्वारा स्ट्थाजित) अजधसचू ना नई ददल् ली, 30 अगस्ट् त, 2024 (चार्टडट अकाउंर्ेंट्स) स.ं िीआर/िी/341/2019/डीडी/252/2021/डीसी/1742/2023.—चार्टडट अकाउंर्ेंर् (वृज‍ तक र अ‍ य कदाचार के अ‍ वेषणोणऔ र मामलऔ के संचालन कप प्रदाया जनयम, 2007 के जनयम 18(17) के साथ िठित, चार्टडट अकाउंर्ेंर् अजधजनयम, 1949 कप धारा 21ख(3 के उिबंधऔ के जनबंधनानुसार अनुिासन सजमजत ने सीए. िी. सले वाराि (सदस्ट्यता स.ं 204231 , प्लार् स.ं 44, जथरुवल्लवू र स्ट्रीर्, अजतकुलम मने रोड, मनामाजिल केबल र्ीवी आदिस के समीि, मदरु ै (तजमलनाडु -625007 को िूवोक्त अजधजनयम कप दसू री अनुसचू ी के भाग I कप मद (7 के अथाट‍ तगटत वृजिक कदाचार का दोषणोी अजभजनधाटठरत दकया ि ै र उसके िठरणामस्ट्वरूि अनुिासन सजमजत न े िूवोक्त जनयमऔ के जनयम 19(1 के जनबंधनानुसार सुनवाई का अवसर प्रदान करने के िश्चात,् सीए. िी. सले वाराि (सदस्ट्यता स.ं 204231 के नाम को 01 (एक मास कप अवजध के जलए सदस्ट्यऔ के रजिस्ट्र्र स े िर्ाने का आदेि ददया । अनुिासन सजमजत के िूवोक्त आदेि के अनुसरण म ें र चार्टड ट अकाउंर्ेंर् जवजनयम, 1988 के जवजनयम 18 के साथ िठित िूवोक्त अजधजनयम कप धारा 20 कप उिधारा (2) द्वारा प्रदि िजक्तयऔ का प्रयोग करते हुए यि अजधसूजचत दकया िाता ि ै दक उक्त सीए. िी. सले वाराि (सदस्ट्यता स.ं 204231 का नाम 30 अगस्ट्त, 2024 स े01 (एक मास के जलए सदस्ट्यऔ के रजिस्ट्र्र स ेिर् िाएगा । सीए. (डा. िय कुमार बत्रा, सजचव [जवज्ञािन-III/4/असा./455/2024-25] 5542 GI/2024 (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 30th August, 2024 (CHARTERED ACCOUNTANTS) No. PR/G/341/2019/DD/252/2021/DC/1742/2023.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 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. G Selvaraj, (M. No. 204231), Plot No 44, Thiruvalluvar Street, Athikulam Main Road, Near Manamahil Cable TV Office, MADURAI (Tamilnadu) - 625007, guilty of Professional Misconduct falling within the meaning of Item (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. G Selvaraj, (M. No. 204231) from the Register of Members for a period of 01(One) month. 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. G Selvaraj, (M. No. 204231), shall stand removed from the Register of Members for a period of 01(One) month with effect from 30th August, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./455/2024-25] 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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