ICAI Removes Two CAs for Misconduct as Confirmed by the Allahabad HC [Read Notification]

The apex body of the Chartered Accountants, Institute of Chartered Accountants in India (ICAI) has removed three of its members for professional misconduct in various cases as confirmed by the Allahabad High Court.

On 25^th April 2017, a division bench of the Allahabad High Court had confirmed the suspension of Mr. D.K. Agarwal, a Chartered Accountant (CA) for presenting forged copies of Challans on behalf of the assessee to the Income Tax department. He has been removed from the Register of Members for a period of five years under Section 22 read with Section 21 of the Chartered Accountants Act, 1949.

ALSO READ: Allahabad HC confirms Misconduct by CA for using Name in the Prospectus to Mislead Investors after Resignation from Company

Further, the ICAI has notified that the name of Mr. D. K. Agarwal shall stand removed permanently from the register of members from the date of publication of this notification as per order of the High Court’s order dated 28^th September.

ALSO READ: Allahabad HC Finds a CA guilty for ‘Professional Misconduct’ for Presenting Forged Copies of Challans.

In a separate notification, the ICAI suspended another Chartered Accountant, Mr. Satish Kumar Gupta for a period of three months from 01.12.2017 to 28.02.2018. this is in terms of the order of the Allahabad High Court, wherein the division bench confirmed the recommendation of the ICAI Disciplinary Committee to suspend him for by holding that using the name of a Chartered Accountant in the prospectus for Public issue, even after his resignation from the Company amount to “Other Misconduct” since it may mislead the investors. During the aforesaid period he shall not practice as a Chartered Accountant in terms of the said order of the Hon’ble High Court of Allahabad.