Official Gazette Notification Text
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REGULATORY POLICY
EXTRA ORDINARY
In terms of the provisions of Section 21B 3 of the Chartered Accountants Act, 1949 read with Rule 18 17 of the Chartered Accountants
Read or download the official PDF of this gazette notification issued by the The Institute of Chartered Accountants of India on 9th January 2025. Classified under Extra Ordinary.
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- ✓ This gazette notification pertains to disciplinary action against a Chartered Accountant, CA. Akshay Jain, for professional misconduct.
- ✓ Initially, CA. Akshay Jain was found guilty and his name was removed from the Register of Members for 5 years and 1 month, along with a fine of Rs. 5,00,000.
- ✓ However, the Andhra Pradesh High Court intervened, directing the Institute of Chartered Accountants of India (ICAI) not to enforce the penalty until CA. Jain files an appeal within 4 weeks.
- ✓ As a result, the previous notification removing CA. Jain's name from the register has been withdrawn.
- ✓ The Disciplinary Committee of ICAI found CA. Akshay Jain (Membership No. 241125) guilty of professional misconduct.
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