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Core Purpose

Notification under Section 21A(3) of the Chartered Accountants Act, 1949 removing a chartered accountant's name from the Register of Members for professional misconduct.

Detailed Summary

The Institute of Chartered Accountants of India (ICAI), through the Board of Discipline, notified that CA Daulat Mal Mehta (Membership No. 034930) was found guilty of 'Other Misconduct' under Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949, read with Section 22, following proceedings under Reference No. PR/G/138/2021/DD/181/2021/BOD/652/2022 and an opportunity of hearing under Rule 15(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007 read with Rule 14(9). In exercise of powers under Section 20(2) of the Act, and pursuant to Regulation 18 of the Chartered Accountants Regulations, 1988, ICAI ordered removal of Mehta's name from the Register of Members for a period of three months, effective 16th April 2024, and imposed a fine of Rs. 1,00,000 (Rupees One Lakh).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18042024-253739 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 263] NEW DELHI, TUESEDAY, APRIL 16, 2024/CHAITRA 27, 1946 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 16th April, 2024 (CHARTERED ACCOUNTANTS) No. PR/G/138/2021/DD/181/2021/BOD/652/2022.—In terms of the provisions of Section 21A(3) of the Chartered Accountants Act, 1949 read with sub-rule (9) of Rule 14 of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, the Board of Discipline has held CA. Daulat Mal Mehta (M.No. 034930), 702, ACME Plaza, Opposite Chakala Metro Station, Near Sangam Cinema, Andheri East, MUMBAI(Maharashtra) 400059, guilty of ‘Other Misconduct' falling within the meaning of Item (2) of Part IV of the First Schedule to the Chartered Accountants Act, 1949 read with Section 22 of the said Act and consequently after affording an opportunity of being heard in terms of Rule 15(1) of the aforesaid Rules ordered for removal of the name of CA. Daulat Mal Mehta (M. No. 034930) from the Register of Members for a period of 03(Three) months and also imposed a Fine of Rs. 1,00,000/-(Rupees One Lakh) only. In pursuance thereof and in exercise of the powers conferred by sub-section (2) of Section 20 of the aforesaid Act, it is hereby notified under Regulation 18 of the Chartered Accountants Regulations, 1988 that the name of CA. Daulat Mal Mehta (Μ.Νο. 034930) shall stand removed from the Register of Members for a period of 03(Three) months with effect from 16th April, 2024. CA. (Dr.) JAI KUMAR BATRA, Secy. [ADVT.-III/4/Exty./032/2024-25]

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