Ministry : Institute of Chartered Accountants of India (Not Applicable)
Part III-Section 4
Subject : Extra Ordinary
Overview [Extraordinary Gazette of India, Part III, Section 4]
This is an extraordinary issue of the Government Gazette of India announcing a disciplinary order by the Disciplinary Committee of The Institute of Chartered Accountants of India (ICAI). It formally publishes the removal of a chartered accountant from the Register of Members and imposes a monetary penalty.
Key Points
- CA Arunabha Chattopadhyay (Membership No. 058457) was found guilty of Professional Misconduct under Item (7) of the Second Schedule to the Chartered Accountants Act, 1949.
- The Disciplinary Committee, acting under Sections 21B(3) and 18(17) of the Act and related rules, ordered his removal.
- The order imposes a fine of ₹1,00,000, payable within 90 days; failure to pay will result in an additional removal of 30 days.
- As the fine was not paid within the stipulated time, the removal is now consolidated: 3 months plus 30 days, effective from 3 January 2025.
- The notification is issued by the Secretary of the Institute and published by the Controller of Publications.
Summary [Extraordinary Gazette of India, Part III, Section 4]
This gazette notifies the expulsion of chartered accountant Arunabha Chattopadhyay for professional misconduct, alongside a monetary penalty. The order, effective January 3, 2025, underscores the regulatory enforcement powers of the Institute of Chartered Accountants of India and signals strict compliance with professional ethics. The failure to pay the fine triggers an extended removal, reflecting the seriousness with which professional misconduct is treated by the regulatory body.
