Name of four CAs Removed by ICAI for Professional Misconduct

The Institute of Chartered Accountants of India (ICAI) has removed names of four Chartered Accountants (CA) from the Register of Members, These four names are CA Amit Vasant Chheda; CA Shailendra Srivastava; CA. Hemant Tulsidas Merchant and CA. Sujit Kumar Bhattacharyya.

The Disciplinary Committee ordered for the removal of his name and stated that A. Amit Vasant Chheda, Laud Bhuvan, Road No. 24-A, Jain Society, Sion West, Mumbai-400 022, convicted of professional misconduct, concerning the meaning of clause (1) of Part II of the Second Schedule to the aforesaid Act. 

The Notification said that “It is hereby notified that the name of said CA. Amit Vasant Chheda (Membership No. 142913), shall stand removed from the Register of Members for a period of 06 (Six) months with effect from September 25, 2020,”

Committee found CA. Shailendra Srivastava, 117/22-A, N Block, Rani Ganj, Kakadeo, Kanpur-208 025, guilty of Professional Misconduct concerning Clauses (8) and (9) of Part I of the First Schedule and Clause (1) of Part II of the Second Schedule to the aforesaid Act and hence passed the order for removal of his name from the Register of Members for a period of Six months and also imposed a fine of Rs.10,000.

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As per the official notification “It is hereby notified that the name of said CA. Shailendra Srivastava (Membership No. 401597), shall stand removed from the Register of Members for a period of 06(Six) months with effect from September 25, 2020,”.

CA. Hemant Tulsidas Merchant, Flat No. 4, 1st Floor, Sai Manzil, 18, Altamount Road, Mumbai- 400 026, found guilty of Professional Misconduct, the first-mentioned case concerning the meaning of Clause (9) of Part I of the First Schedule and Clause (7) of Part I of the Second Schedule in and Clause(s) (7) & (8) of Part I of Second Schedule to the aforesaid Act in the second-mentioned case and thus got his name removed from the Register of Members for a period of 18 months for the first case and 3 more years for the second case.

Notification clarifies that “It is hereby notified that the name of said CA. Hemant Tulsidas Merchant (Membership No. 033805), shall stand removed from the Register of Members for a total period of 4(four) years and 6(six) months with effect from September 25, 2020,”.