The Institute of Chartered Accountants of India (ICAI), through a notification dated 1 April 2026, informed that pursuant to an order dated 14 January 2026 passed by the High Court of Delhi under Section 21(6)(c) of the Chartered Accountants Act, 1949, a Chartered Accountant was found guilty of professional misconduct under Clauses (5), (6), and (7) of Part I of the Second Schedule. Consequently, the Court directed removal of his name from the Register of Members for a period of three months. The notification further clarified that the member’s name had already been removed from the register effective 1 October 2025 due to non-payment of membership fees. In light of the Court’s order, his membership shall not be revived unless an application is made after completion of the three-month period. The additional removal takes effect from 1 April 2026, and during this period, he is not entitled to practice as a Chartered Accountant.
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
NOTIFICATION
New Delhi, the 1st April, 2026
(CHARTERED ACCOUNTANTS)
F. No. 29-CA/Law/D-351/2026.—In exercise of the powers conferred by Sub-Section (2) of Section 20 of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified by the Council of the Institute of Chartered Accountants of India that the Hon’ble High Court of Delhi has, in pursuance to Section 21(6)(c) of the said Act, in CHAT.A.REF 1/2018, ordered on 14.01.2026 that the name of Shri S. N. Shivakumar, E-7/14, Vasant Vihar, New Delhi-110057 (M. No. 088113) be removed from the Register of Members for a period of three months after finding him guilty of “Professional Misconduct” falling within the meaning of Clauses (5), (6) and (7) of Part I of the Second Schedule to the Chartered Accountants Act, 1949.
It is hereby informed that the name of Shri S.N. Shivakumar is already removed from register of members since 01.10.2025 due to non payment of fees. Now in terms of the aforesaid order of the Hon’ble High Court of Delhi the membership of Shri S.N. Shivakumar shall not be revived unless he moves an application in this regard and after completion of aforesaid period of three months. The removal in terms of Judgement dated 14.01.2026 passed by Hon’ble High Court of Delhi in Chartered Reference no 1/2018 shall come into effect from 01.04.2026 in addition to the removal already in force and in operation due to non payment of membership fees. Therefore, in addition to the removal already in place due to non payment of membership fee and non renewal of certificate of practice, Sh. S.N. Shivakumar, shall not be entitled to practice as a Chartered Accountant for a period of 3 months w.e.f. 01.04.2026 in terms of the said judgment of the Hon’ble High Court of Delhi.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./01/2026-27]
