Institute of Chartered Accountants of India (ICAI) has issued notifications regarding the removal of CA Basudeb Mukhopadhyay and CA Subodh Kumar Maheshwari from the Register of Members. These disciplinary actions have been taken based on findings of professional misconduct and other misconduct, as determined by the Disciplinary Committee of the ICAI.
CA Basudeb Mukhopadhyay, whose membership number is 053104, has been found guilty of professional misconduct falling within the meaning of Clauses (7), (8), and (9) of Part I of the Second Schedule to the Chartered Accountants Act, 1949. The Disciplinary Committee ordered the removal of his name from the Register of Members for a period of four years. The Appellate Authority upheld this decision, affirming the seriousness of the misconduct.
Similarly, CA Subodh Kumar Maheshwari, with membership number 071569, has been held guilty of professional and other misconduct under Item (4) of Part II of the Second Schedule and Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949. As a result, his name has been removed from the Register of Members for a period of one year, accompanied by a fine of Rs. 1,00,000/-.
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 16th June, 2023
(CHARTERED ACCOUNTANTS)
No. PR-77/2015-DD/123/2015-DC/641/2017.—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. Basudeb Mukhopadhyay (Membership No. 053104), 3A, Chowringhee Place, 2nd Floor, Room No. 86, KOLKATA 700 013, guilty of Professional Misconduct falling within the meaning of Clauses (7), (8) 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 the name of CA. Basudeb Mukhopadhyay (Membership No. 053104) from the Register of Members for a period of 04(Four) years. Thereafter, aggrieved by the Order of the Disciplinary Committee, the Respondent approached the Appellate Authority in terms of Section 22G of the Chartered Accountants Act, 1949 and the Appellate Authority in appeal no. 01/ICAI/2020 vide its order pronounced on 18th April, 2023 has upheld the Order of the Disciplinary Committee. In pursuance of the aforesaid Order of the Disciplinary Committee which is also upheld by 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 said CA. Basudeb Mukhopadhyay (Membership No. 053104), shall stand removed from the Register of Members for a period of 04(Four) years with effect from 16th June, 2023.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./195/2023-24]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an Act of Parliament)
NOTIFICATION
New Delhi, the 16th June, 2023
(CHARTERED ACCOUNTANTS)
No. PR/68/16/DD/26/2017/DC/811/2018.—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. Subodh Kumar Maheshwari (Membership No. 071569), Sankalp, E-5/10, Opposite Habibganj Police Station, Arera Colony, BHOPAL (Madhya Pradesh) 462016, guilty of Professional and Other Misconduct falling within the meaning of Item (4) of Part II of Second Schedule and Item (2) of Part IV of the First 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. Subodh Kumar Maheshwari (Membership No. 071569) from the Register of Members for a period of 01(one) year and also imposed a fine of Rs. 1,00,000/-(Rupees One Lakhs) only. In pursuance of the aforesaid Order of the Disciplinary Committee, and in exercise of the powers conferred by subsection (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 said CA. Subodh Kumar Maheshwari (Membership No. 071569), shall stand removed from the Register of Members for a period of 1(one) year with effect from 16th June , 2023.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./196/2023-24]
