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 Gazette of India officially notifying the removal of a Chartered Accountant from the Register of Members. It pertains to disciplinary action taken by the Board of Discipline of the Institute of Chartered Accountants of India (ICAI).
Key Points
- CA. Ranjit Kumar Yadav (M. No. 525751) is found guilty of "Other Misconduct" under the Chartered Accountants Act, 1949.
- The Board of Discipline has ordered his removal from the Register of Members for a period of 03 (three) months, effective January 3, 2025.
- A fine of ₹1,00,000/- has been imposed in addition to the removal.
- The action is based on an investigation under Rule 14 of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, following a hearing opportunity provided to the professional.
- The order is authenticated by the Secretary of the Board of Discipline and digitally signed by the Central Government’s publishing authority.
Summary [Extraordinary Gazette Notification on ICAI Disciplinary Order]
This gazette notification announces the disciplinary action against Chartered Accountant Ranjit Kumar Yadav for professional misconduct. The Board of Discipline of the Institute of Chartered Accountants of India has found him guilty under the Act, resulting in his removal from the member register for three months and a fine of ₹1 lakh. The order, effective January 3, 2025, underscores the regulatory enforcement mechanism within the chartered accountancy profession in India, ensuring professional standards and accountability.
