The Institute of Chartered Accountants of India (ICAI) issued notifications on 28th June 2024, regarding the removal of names of seven members from the Register of Members due to findings of professional misconduct:
- CA. Jagvinder Bir Singh (Membership No. 086787) from New Delhi was found guilty under Items (6), (7), and (8) of Part I of Second Schedule to the Chartered Accountants Act, 1949. His name is removed for 2 years.
- CA. Haresh Ramji Joshi (Membership No. 033489) from Mumbai, guilty under Item (2) of Part IV and Item (7) of Part I of Second Schedule, faces removal for 1 year.
- CA. Dhirendra Datta (Membership No. 080097) from New Delhi, guilty under Clauses (6) and (7) of Part I of Second Schedule, faces removal for 1 month.
- CA. N Narasimhan (Membership No. 081983) from New Delhi, guilty under Clauses (5), (7), and (8) of Part I of Second Schedule, faces removal for 6 months.
- CA. Sachin Madhukar Pachkhede (Membership No. 104660) from Navi Mumbai, guilty under Items (5), (6), (7), and (9) of Part I of Second Schedule, faces removal for 3 months and a fine of Rs. 1,00,000.
- CA. V Nagarajan (Membership No. 024450) from Chennai, originally ordered removed for 2 years, had the duration reduced to 3 months by an Appellate Authority under Section 22G of the Act.
- CA. Siddharth Shyam Shetye (Membership No. 116188) from Pune, guilty under Item (7) of Part I of Second Schedule, faces removal for 6 months and a fine of Rs. 1,00,000.
These actions follow investigations and hearings conducted by the Disciplinary Committee of ICAI, adhering to rules stipulated in the Chartered Accountants Act, 1949. Each notification specifies the period of removal and any additional penalties imposed, emphasizing the institute’s commitment to upholding professional standards among its members.
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR/296/2015/DD/144/2016/DC/763/2018.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Jagvinder Bir Singh (Membership No. 086787), 204, Mandir Commercial Complex, Masjid Moth N D S E II, NEW DELHI-110049, guilty of Professional Misconduct falling within the meaning of Items (6), (7) and (8) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Jagvinder Bir Singh (Membership No. 086787) from the Register of Members for a period of 02(Two) years. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Jagvinder Bir Singh (Membership No. 086787), shall stand removed from the Register of Members for a period of 02(Two) years with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secretary
[ADVT.-III/4/Exty./226/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR/175/2014/DD/201/14/DC/634/2017.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Haresh Ramji Joshi (Membership No. 033489), 603, 6th Floor, Vrindavan Building, V P Road, Above Syndicate Bank, MUMBAI 400054, guilty of Professional and Other Misconduct falling within the meaning of Item (2) of Part IV of the First Schedule and Item (7) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Haresh Ramji Joshi (Membership No. 033489) from the Register of Members for a period of 01(One) year. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Haresh Ramji Joshi (Membership No. 033489), shall stand removed from the Register of Members for a period of 01(One) year with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA,
Secretary [ADVT.-III/4/Exty./224/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR/323/2016/DD/15/2017/DC/818/2018.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Dhirendra Datta, (Membership No. 080097), 117, Saini Enclave, Vikas Marg, NEW DELHI 110092, 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 after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Dhirendra Datta, (Membership No. 080097) from the Register of Members for a period of 01(One) month. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Dhirendra Datta, (Membership No. 080097), shall stand removed from the Register of Members for a period of 01(One) month with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secretary
[ADVT.-III/4/Exty./223/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR/111/2014/DD/122/2014/DC/610/2017.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. N Narasimhan, (Membership No. 081983), 11, HANS BHAWAN, 1 BAHADURSHAH ZAFAR MARG, NEW DELHI-110002, guilty of Professional Misconduct falling within the meaning of Clauses (5) (7) and (8) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. N Narasimhan, (Membership No. 081983) from the Register of Members for a period of 06(Six) months. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. N Narasimhan, (Membership No. 081983), shall stand removed from the Register of Members for a period of 06(Six) months with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secretary
[ADVT.-III/4/Exty./228/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PPR/253/2018/DD/186/INF/2018/DC/1500/2021.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Sachin Madhukar Pachkhede (Membership No. 104660), C/o. Sachin Pachkhede, Flat No.301-B, Yash Avenue, Plot No.51-C, Sector 20, Kharghar, NAVI MUMBAI-410210 guilty of Professional Misconduct falling within the meaning of Items (5), (6), (7) and (9) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Sachin Madhukar Pachkhede (Membership No. 104660) from the Register of Members for a period of 03 (Three) months and also imposed a Fine of Rs. 1,00,000/-(Rupees One Lakh) only to be paid within 60 days of receipt of the Order. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Sachin Madhukar Pachkhede (Membership No. 104660), shall stand removed from the Register of Members for a period of 3 (Three) months with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secretary
[ADVT.-III/4/Exty./227/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR-229/2014/DD/307/2014/DC/716/2017.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. V Nagarajan (Membership No. 024450), No. 7 III, 7th Main Road, New Colony, Chromepet, CHENNAI-600 044, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. V Nagarajan (Membership No. 024450) from the Register of Members for a period of 02 (Two) years. Aggrieved by Order of the Committee, the Respondent preferred an Appeal (no. 25/ICAI/2021) before the Appellate Authority in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority by its order dated 11th October, 2023 reduced the period of removal of name of the Appellant from 02 (Two) years to 03 (Three) months. In pursuance of the aforesaid Order of the Appellate Authority and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. V Nagarajan (Membership No. 024450), shall stand removed from the Register of Members for a period of 03 (Three) months with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secretary
[ADVT.-III/4/Exty./225/2024-25]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, NEW DELHI
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 28th June, 2024
(CHARTERED ACCOUNTANTS)
No. PR/262/2016/DD/307/2016/DC/1310/2020.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Siddharth Shyam Shetye (Membership No. 116188), , Aranyeshwar Park, A Wing, 2nd Floor, Near Aranyeshwar Temple, Shankar Nagar -1, PUNE 411009, guilty of Professional Misconduct falling within the meaning of Item (7) of Part I of Second Schedule to the aforesaid Act and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules, ordered for removal of name of CA. Siddharth Shyam Shetye (Membership No. 116188) from the Register of Members for a period of 06(Six) months and also imposed a Fine of Rs. 1,00,000/-(Rupees One Lakh) only to be paid within 60 days of receipt of the Order. 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, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations 1988, that the name of CA. Siddharth Shyam Shetye (Membership No. 116188), shall stand removed from the Register of Members for a period of 06(Six) months with effect from 28th June, 2024.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./229/2024-25]
