ICAI removes Membership of 6 Chartered Accountants

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

(Set up under an Act of Parliament)

NOTIFICATION

New Delhi, the 11th January, 2022

(Chartered Accountants)

No. PPR/P/175/17/DD/159/TAMC/INF/17/DC/1163/19– 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. Deepak Kedia (Membership No. 029842), No. 23, 3rd Floor, Maharaja Building, Shantappa Lane, BENGALURU 560 002, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 4,72,000/- (Rupees Four Lakhs Seventy Two Thousand only) which was payable within 3 months from the date of receipt of the said order. The Disciplinary Committee further ordered that if the Respondent, CA. Deepak Kedia (Membership No. 029842), fails to deposit the fine within the stipulated time i.e. 3 months, his name should be removed from the Register of Members for a period of 01(One) month. Since, the Respondent has failed to deposit the imposed fine as stipulated, 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. Deepak Kedia (Membership No. 029842), shall stand removed from the Register of Members for a period of 01(One) month with effect from 11th January, 2022.

No. PPR/P/160/17/DD/144/TAMC/INF/17/DC/1191/19.—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. Sreenivasa G (Membership No. 203397), No. 10, Dwaraka Mayee DRDO, 2nd Phase, 2nd Cross, Opposite Aditya Enclaves, BENGALURU 560 016, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently, ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines not exceeding Rs. 5,00,000/- (Rupees Five Lakhs only) in aggregate, which was payable within 3 months from the date of receipt of the said order. The Disciplinary Committee further ordered that if the Respondent, CA. Sreenivasa G (Membership No. 203397), fails to deposit the fine within the stipulated time i.e. 3 (three) months, his name should be removed from the Register of Members for a period of 01(One) month. Since, the Respondent has failed to deposit the imposed fine as stipulated, therefore 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. Sreenivasa G (Membership No. 203397) shall stand removed from the Register of Members for a period of 01(One) month with effect from 11th January, 2022.

No. PR/325/13-DD/44/14-DC/620/2017.—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. Venkat Narayan Vedantam (Membership No. 211377), 46-23-7, Near Sri Ramdas Co-operative Training Institute, Gandhi Puram 2, RAJAMAHENDRAVARAM 533 103, guilty of Professional Misconduct falling within the meaning of Items (2),(7) & (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Venkat Narayan Vedantam (Membership No. 211377), from the Register of Members for a period of 03(Three) months and also imposed a fine of Rs. 25,000/-(Rupees Twenty Five Thousand only) to be paid within 3(three)months and in case of default in payment of fine within stipulated time his name be removed for additional 1(one) month period. Since the Respondent 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 said CA. Venkat Narayan Vedantam (Membership No. 211377), 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 11th January, 2022.

No. PPR/P/314/17/DD/298/TAMC/INF/17/DC/1010/19.—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. Kamalay Krishna Rao (Membership No. 025750), No. 935, 7th Main Raghavendra Block, Srinagar, BENGALURU 560 050, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 4,26,000/- (Rupees Four Lakhs Twenty Six Thousand only) which was payable within 3(three) months from the date of receipt of the said order. The Disciplinary Committee further ordered that if the Respondent, CA. Kamalay Krishna Rao (Membership No. 025750), fails to deposit the fine within the stipulated time i.e. 3(three) months, his name be removed from the Register of Members for a period of 01(One) month. Since, the Respondent has failed to deposit the imposed fine as stipulated, therefore, 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. Kamalay Krishna Rao (Membership No. 025750), shall stand removed from the Register of Members for a period of 01(One) month with effect from 11th January, 2022.

No. PPR/P/331/17/DD/315/TAMC/INF/17/DC/1065/19—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. Dwarkanath R T (Membership No. 024475), No. 1362/1, 4th Main, Kavita Jain Road, Girinagar, 1st Phase, BENGALURU 560 085, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 3,51,000/- (Rupees Three Lakhs Fifty One Thousand) only which was payable within 3 (three) months from the date of receipt of the said order. The Disciplinary Committee further ordered that if the Respondent, CA. Dwarkanath R T (Membership No. 024475), fails to deposit the fine within the stipulated time i.e. 3 (three) months, his name be removed from the Register of Members for a period of 01 (One) month. Since, the Respondent has failed to deposit the imposed fine as stipulated, 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. Dwarkanath R T (Membership No. 024475), shall stand removed from the Register of Members for a period of 01 (One) month with effect from 11th January, 2022.

No. PPR/P/163/17/DD/147/TAMC/INF/17/DC/1042/19—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. Kantipudi V V Rameshbabu (Membership No. 213786), Flat No. 201, West Wing, SVSS Nivas, Above Kotak Mahindra Bank, Street No. 1, Czech Colony, HYDERABAD 500 018, guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 3,73,000/- (Rupees Three Lakhs Seventy Three Thousand) only which was payable within 3(three) months from the date of receipt of the said order. The Disciplinary Committee further ordered that if the Respondent, CA. Kantipudi V V Rameshbabu (Membership No. 213786), fails to deposit the fine within the stipulated time i.e. 3(three) months, his name be removed from the Register of Members for a period of 01(One) month. Since, the Respondent has failed to deposit the imposed fine as stipulated, 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. Kantipudi V V Rameshbabu (Membership No. 213786), shall stand removed from the Register of Members for a period of 01(One) month with effect from 11th January, 2022.