The Institute of Chartered Accountants of India (ICAI) vide Notification dated 11th January 2022 has removed membership of six CAs for Professional Misconduct.
The Disciplinary Committee has held CA. Deepak Kedia guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 4,72,000/- which was payable within 3 months. As the fine was not deposited his name has been removed from the Register of Members for a period of one month from 11th January 2022.
CA. Venkat Narayan Vedantam is found guilty of Professional Misconduct falling within the meaning of Items (2),(7) & (8) of Part I of Second Schedule to the aforesaid Act and consequently ordered for removal of the name of aforesaid CA. Venkat Narayan Vedantam (Membership No. 211377), from the Register of Members for a period of 03 months.
CA Sreenivasa G is held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently, ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines not exceeding Rs. 5,00,000/- in aggregate, which was payable within 3 months. As the fine was not deposited his name has been removed from the Register of Members for a period of four months from 11th January 2022.
Further, CA. Kamalay Krishna Rao is held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 4,26,000/- which was payable within 3 months. As the fine was not deposited his name has been removed from the Register of Members for a period of one month from 11th January 2022.
Also Disciplinary Committee is held CA. Dwarkanath R T guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregated to Rs. 3,51,000/- only which was payable within 3 months. As the fine was not deposited his name has been removed from the Register of Members for a period of one month from 11th January 2022.
CA. Kantipudi V V Rameshbabu is held guilty of Professional Misconduct falling within the meaning of Clause (1) of Part II of Second Schedule to the aforesaid Act and consequently ordered for imposing a fine of Rs. 1000/- for each case of audit conducted in excess of the number stipulated in the Guidelines which aggregates to Rs. 3,73,000/- only which was payable within 3 months. As the fine was not deposited his name has been removed from the Register of Members for a period of one month from 11th January 2022.
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