Ministry : Institute of Chartered Accountants of India (Not Applicable)

Part III-Section 4

Subject : Extra Ordinary

Overview [Gazette of India: Extraordinary, Part III—Section 4]

This Gazette notification announces a disciplinary order by the Institute of Chartered Accountants of India (ICAI) removing a chartered accountant from the Register of Members for three years, subsequently modified on appeal.

Key Points

• CA Janakkumar Shantilal Soni (Membership No. 110003) was found guilty of professional misconduct under Clause (7) of the Second Schedule to the Chartered Accountants Act, 1949.
• Initial order dated 24 March 2023 removed his name from the Register for three years.
• An appeal under Section 22G of the Act led to a modification by the Appellate Authority (Appeal No. 28/ICAI/2021).
• The penalty was reduced to reflect the period already served, and his name was restored with effect from 18 September 2025.
• The notification is issued by the Secretary, ICAI, under Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.

Summary [Gazette of India: Extraordinary, Part III—Section 4]

This notification details the modified disciplinary outcome against CA Janakkumar Shantilal Soni for professional misconduct. While an initial three-year removal order was passed in March 2023, the Appellate Authority’s appeal decision reduced the penalty to cover only the period already served, restoring his name from 18 September 2025. The action underscores ICAI’s enforcement of professional standards and its appeal-based reconsideration process.