The Institute of Chartered Accountants of India (ICAI) has notified the 4 Chartered Accountants guilty of Professional Misconduct.
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. Anand Mallikarjun Ukamanal (Membership No. 130139), guilty of Professional Misconduct falling within the meaning of Items (5),(6),(7) & (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for the removal of the name of CA. Anand Mallikarjun Ukamanal (Membership No. 130139) from the Register of Members for a period of 02(Two) years and also imposed a fine of Rs. 50,000/- to be paid within 3 months and in case of default in payment of fine within stipulated time his name be removed for additional 1 month.
Since the Respondent has already paid the imposed fine within stipulated time, 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. Anand Mallikarjun Ukamanal (Membership No. 130139), shall stand removed from the Register of Members for a period of 02(Two) years with effect from 4th February, 2022.
CA. N Basker (Membership No. 207226) was found guilty of Professional Misconduct falling within the meaning of Clauses (6) and (7) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. N Basker (Membership No. 207226) from the Register of Members for a period of 01 months and also imposed a fine of Rs. 25,000/- to be paid within a period of 3 (three) months and in case of default in payment of the fine within the stipulated time, his name be removed for an additional period of 1month.
CA. Ramachandran K K (Membership No. 021175) was found guilty of Professional Misconduct falling within the meaning of Clauses (7) & (8) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for the removal of the name of aforesaid CA. Ramachandran K K(Membership No. 021175) from the Register of Members for a period of 01 months and also imposed a fine of Rs. 25,000/- only. The Respondent has already paid a fine and the Order of the Disciplinary Committee is also upheld by the Appellate Authority vide judgement pronounced on 1st January, 2022.
CA. Saikat Datta (Membership No. 062248), 33, Office Lane, AGARTALA-799 001(Tripura), guilty of Professional/Other Misconduct falling within the meaning of Clause (9) of Part I and Clause (2) of Part IV of the First Schedule and Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Saikat Datta (Membership No. 062248) from the Register of Members for a period of 03(Three) months.
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