ICAI removes 1593 Chartered Accountants from Register of Members for Non-payment of Prescribed Fees [Read Notification]

ICAI removed 1593 CAs from the Register of Members for Non-Payment of Fees. Know More
ICAI - Chartered Accountants - Non payment of Prescribed Fees - Prescribed Fees for Chartered Accountants - cancellation of membership - taxscan

The Institute of Chartered Accountants of India (ICAI) has received significant notifications in December 2023. These notifications pertain to the removal, restoration, and cancellation of membership, as well as the cancellation of the Certificate of Practice for some members.

This article provides a summary of the key announcements of the Chartered Accountants community.

The notifications include the removal of 1593 members from the ICAI register due to non-payment of prescribed fees, and the restoration of names of 1206 members retrospectively.

Further, 428 member names were restored in accordance with Regulation 20 of the Chartered Accountants Regulations.

Additionally, 83 members have been removed from the register on account of their demise.

Names of two Chartered Accountants were also removed for non-payment of Annual Fees for Certificate of Practice in pursuance of Regulation 10(1) (iv) read with Regulation 10(2)(b) of the Chartered Accountants Regulations, 1988.

Further, Certificate of Practice issued to the 326 Members have also been cancelled with effect from the dates mentioned against their names, as they do not desire to hold their Certificate of Practice.

To check whether your name and Member Registration Number are included in any of these lists, we recommend reviewing the Gazette Notification promptly. Check out the Gazette Notification for specific names and Member Registration Numbers.

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