CA Professional Misconduct: ICAI removes Membership of 6 Chartered Accountants [Read Notification]

CA Professional Misconduct - ICAI - membership - 6 Chartered Accountants - Taxscan

The Institute of Chartered Accountants of India (ICAI) has removed membership of 6 CAs for Professional Misconduct.

The Disciplinary Committee has held CA. Deepak Kedia guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 4,72,000/- which was payable within 3 months.

CA. Venkat Narayan Vedantam guilty of Professional Misconduct falling within the meaning of Items (2),(7) & (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Venkat Narayan Vedantam (Membership No. 211377), from the Register of Members for a period of 03 months.

CA Sreenivasa G is guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently, ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines not exceeding Rs. 5,00,000/- in aggregate, which was payable within 3 months.

Further, CA. Kamalay Krishna Rao is held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 4,26,000/- which was payable within 3 months.

The Disciplinary Committee has held CA. Dwarkanath R T guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 3,51,000/- only which was payable within 3 months.

CA. Kantipudi V VRameshbabu is guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 3,73,000/- only which was payable within 3 months.

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