ICAI removes names of 8 CA members wef 20th January, 2022

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

(Set up by an Act of Parliament)

NOTIFICATION

New Delhi, the 20th January, 2022

(Chartered Accountants)

1. No. PR-174/2012-DD/189/2012-DC/444/2016.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Krishan Kumar Singhal (Membership No. 050140), 50, Weston St. 4th Floor, R No. 407, KOLKATA 700 012, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Krishan Kumar Singhal (Membership No. 050140) from the Register of Members for a period of 03(Three) years and also imposed a fine of Rs. 1,00,000/-(Rupees One Lakh only). The same is also upheld by the Appellate Authority vide judgment pronounced on 11th January, 2022. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Krishan Kumar Singhal (Membership No. 050140) shall stand removed from the Register of Members for a period of 03(Three) years with effect from 20th January, 2022.

2. F. No. PR-154B/2015-DD/165/2015-DC/905/2018: In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Rajendra Nath Bhar (Membership No. 052197), 115, College Street, White Tower, 4th Floor, Room No. 4A, KOLKATA 700 012, guilty of Professional and Other Misconduct falling within the meaning of Clause (2) of Part IV of the First Schedule and Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Rajendra Nath Bhar (Membership No. 052197) from the Register of Members for a period of 06(Six) months. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations 1988, it is hereby notified that the name of CA. Rajendra Nath Bhar (Membership No. 052197) shall stand removed from the Register of Members for a period of 06(Six) months with effect from 20th January, 2022.

3.No. PR-61/2014-DD/99/2014-DC/635/2017.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Devki Nandan Gupta (Membership No. 052634), 10, Ganesh Chandra Avenue, 5th Floor, Suite No. 32, KOLKATA 700 013, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of the Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Devki Nandan Gupta (Membership No. 052634) from the Register of Members for a period of 02(Two) years and also imposed a fine of Rs. 50,000/- (Rupees Fifty Thousand Only). However, the punishment awarded by the Disciplinary Committee has been modified by the Appellate Authority vide its order dated 14th June, 2021 in Appeal no. 05/ICAI/2020 by reducing the period of removal from two years to one year with a fine of Rs. 1,00,000/- (Rupees One Lakh Only). In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of said CA. Devki Nandan Gupta (Membership No. 052634) shall stand removed from the Register of Members for a period of 01(One) year with effect from 20th January, 2022.

4. No. PR/274/15-DD/294/15/DC/751/2018.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Rajagopalan Vedanarayanan (Membership No. 029472), Hariharathmajam, 10, 1st Floor, Mahalingam St., Mahalingapuram, Nungambakkam, CHENNAI 600 034, guilty of Professional and Other Misconduct falling within the meaning of Item (7) of Part I of Second Schedule and Item (2) of Part IV of First Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Rajagopalan Vedanarayanan (Membership No. 029472) 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 a period of 3 (three) months and in case of default in payment of fine within stipulated time, his name be removed for additional period of 1(one) month. Since the Respondent has failed to pay the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations 1988, it is hereby notified that the name of CA. Rajagopalan Vedanarayanan (Membership No. 029472) shall stand removed from the Register of Members for a consolidated period of 7(Seven) months [06(Six) months plus additional 1(one) month] with effect from 20th January, 2022.

5. No. PR/284/16-DD/23/17/DC/1245/2019.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Baddakoti Chinnappa Gowda (Membership No. 204458), No. 210, 2nd Floor, Commerce House, Conningham Road, BENGALURU 560 052, guilty of ‘Other Misconduct’ falling within the meaning of Clause (2) of Part IV of First Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Baddakoti Chinnappa Gowda (Membership No. 204458) from the Register of Members for a period of 01(One) month and also imposed a fine of Rs. 50,000/-(Rupees Fifty Thousand only) to be paid within a period of 3 (three) months and in case of default in payment of fine within stipulated time, his name be removed for additional period of 1(one) month. Since the Respondent has already paid the imposed fine, 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, read with Regulation 18 of the Chartered Accountants Regulations 1988, it is hereby notified that the name of said CA. Baddakoti Chinnappa Gowda (Membership No. 204458), shall stand removed from the Register of Members for a period of 01(one) month with effect from 20th January, 2022.

6. No. PR/97/16-DD/131/16/DC/750/2018.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Jala Durga Srinivas Kambhampati (Membership No. 200487), 49-24-52, Upstairs, Sankarmatt Road, R. K. Nagar, VISAKHAPATNAM 530 016, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Jala Durga Srinivas Kambhampati (Membership No. 200487) from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 50,000/-(Rupees Fifty Thousand only) to be paid within a period of 3 (Three) months and in case of default in payment of fine within stipulated time his name be removed for additional period of 1(one) month. Since the Respondent has failed to pay the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations 1988, it is hereby notified that the name of CA. Jala Durga Srinivas Kambhampati (Membership No. 200487) shall stand removed from the Register of Members for a consolidated period of 4(Four) months [03(Three months plus additional 1(one) month] with effect from 20th January, 2022.

7. No. PR/106/12-DD/123/12/DC/453/2016.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Samaba Siva Rao M (Membership No. 021858), No. 67, 1st H-Cross, 3rd Main Sharada Colony, Basaveshwaranagar, BENGALURU 560 079, guilty of Professional Misconduct falling within the meaning of Clauses (5), (6), (7) and (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Samaba Siva Rao M (Membership No. 021858) from the Register of Members for a period of 01(One) month and also imposed a fine of Rs. 50,000/-(Rupees Fifty Thousand only) to be paid within a period of 3 (three) months and in case of default in payment of fine within stipulated time, his name be removed for additional period of 1(one) month. Since the Respondent has already paid the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations 1988, it is hereby notified that the name of CA. Samaba Siva Rao M (Membership No. 021858) shall stand removed from the Register of Members for a period of 1(one) month with effect from 20th January, 2022.

8. F. No. PR/131/18-DD/149/18/DC/1350/2020: In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Lalith Kumar A (Membership No. 212155), No. 9, Ground Floor, Diwan Rama Road, Next to Skylark Apartments, CHENNAI 600 084, guilty of Professional Misconduct falling within the meaning of Clause (7) of Part I and Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for removal of name of CA. Lalith Kumar A (Membership No. 212155) from the Register of Members for a period of 01(One) month and also imposed a fine of Rs. 20,000/-(Rupees Twenty Thousand only) to be paid within a period of 3 (three) months and in case of default in payment of fine within stipulated time, his name be removed for additional period of 1(one) month. Since the Respondent has failed to pay the imposed fine within stipulated time, 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, read with Regulation 18 of the Chartered Accountants Regulations, 1988, it is hereby notified that the name of CA. Lalith Kumar A (Membership No. 212155) shall stand removed from the Register of Members for a consolidated period of 2(Two) months [01(One) month plus additional 1(one) month] with effect from 20th January, 2022.

CA. (Dr.) JAI KUMAR BATRA, Secy.

[ADVT.-III/4/Exty./593/2021-22]

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