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

Part III-Section 4

Subject : Extra Ordinary

Overview [Extraordinary Gazette of India - Part III]

This is an extraordinary issue of the Government Gazette of India announcing a disciplinary order by the Institute of Chartered Accountants of India (ICAI). It officially publishes the removal of a chartered accountant's name from the membership register and imposes a monetary penalty.

Key Points

• CA. Muni Kumar Gubiligari (Membership No. 234106) was found guilty of professional and/or other misconduct by the ICAI Disciplinary Committee.
• The punishment includes removal from the Register of Members for a consolidated period of 120 days (90 days + 30 additional days) effective from January 3, 2025.
• A fine of ₹20,000 was imposed, which must be paid within 90 days; failure to do so extends the removal period by an additional 30 days.
• The order is a combination of two separate cases (CRI/J/J-90/2022 and CRI/J/J-171/2022) that were clubbed together for the final penalty.

Summary

The Gazette publishes the stringent disciplinary action taken against chartered accountant CA. Muni Kumar Gubiligari for professional misconduct, resulting in a 120-day suspension from the membership register and a ₹20,000 fine. This action, effective January 3, 2025, underscores the ICAI's enforcement of professional ethics and standards.