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Core Purpose

The Institute of Chartered Accountants of India notifies the removal of CA. Muni Kumar Gubiligari from the Register of Members for 120 days for professional misconduct, effective 3rd January 2025.

Detailed Summary

Acting under Section 21B(3) of the Chartered Accountants Act, 1949, read with Rule 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Institute of Chartered Accountants of India records that its Disciplinary Committee, in Case Nos. PR/G/90/2022/DD/92/2022/DC/1671/2022 and PR/G/171/2022/DD/108/2022 (clubbed) and PR/G/260/2022/DD/159/2022/DC/1733/2023, held CA. Muni Kumar Gubiligari (Membership No. 234106) of Bengaluru guilty of professional and/or other misconduct. For the first (clubbed) case, under Item (7) of Part I of the Second Schedule to the Act, the Committee ordered removal of his name from the Register of Members for 90 days and a fine of Rs. 20,000, with a further 30-day removal if the fine were not paid within 90 days; for the second case, under Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule, it ordered removal for 60 days, the two punishments to run concurrently. As the fine was not paid within the stipulated time, the Institute, exercising powers under sub-section (2) of Section 20 of the Act read with Regulation 18 of the Chartered Accountants Regulations, 1988, notifies that CA. Muni Kumar Gubiligari's name stands removed from the Register of Members for a consolidated period of 120 days (90 days plus an additional 30 days) with effect from 3rd January, 2025. The notification is signed by CA. (Dr.) Jai Kumar Batra, Secretary.

Full Text

CG-DL-E-04012025-259914 EXTRAORDINARY PART III—Section 4 89 GI/2025 (1) THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 3rd January, 2025 (Chartered Accountants) No. PR/G/90/2022/DD/92/2022/DC/1671/2022 & PR/G/171/2022/DD/108/2022(Clubbed) and PR/G/260/ 2022/DD/159/2022/DC/1733/2023.—In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Disciplinary Committee has held CA. Muni Kumar Gubiligari (Membership No. 234106), NO 18, Old No. 1612, 2nd Floor, East End Main Road, Jayanagar, 9th Block, BENGALURU- 560069, Guilty of Professional and/or Other Misconduct and consequently after affording an opportunity of being heard in terms of Rule 19(1) of the aforesaid Rules ordered as per the table below: | Case No. | Clauses/Item under which held Guilty | Punishment awarded | |---|---|---| | PR/G/90/2022/DD/92/2022/DC/1671/2022 & PR/G/171/2022/DD/108/2022(Clubbed) | Item (7) of Part I of Second Schedule to the Chartered Accountants Act, 1949 | Removal of name from the Register of Members for a period of 90(Ninety) days and also imposed a Fine of Rs. 20,000/-(Rupees Twenty Thousand) only, to be paid within 90(ninety) days and in case of default in payment of fine within stipulated time his name shall be removed for a further period of 30(Thirty) days | | PR/G/260/2022/DD/159/2022/DC/1733/2023 | Item (7) of Part I of Second Schedule and Item (2) of Part IV of First Schedule to the Chartered Accountants Act, 1949 | Removal of name from the Register of Members for a period of 60(Sixty) days | The Committee also ordered that the punishment shall run concurrently in both the matters. Since the Respondent had 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 CA. Muni Kumar Gubiligari (Membership No. 234106), shall stand removed from the Register of Members for a consolidated period of 120(One Hundred Twenty) days [90(Ninety) days plus additional 30(Thirty) days] with effect from 3rd January, 2025. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./867/2024-25] and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR KUMAR SRIVASTAVA Date: 2025.01.04 17:43:43 +05'30' SRIVASTAVA

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