In a strong move to uphold professional ethics and integrity, the Institute of Chartered Accountants of India (ICAI) has ordered the suspension of two of its members- CA Praveen Murarka and CA Subhash Chander Sharma for varying periods following investigations into professional and other misconduct.
A. CA Praveen Murarka Suspended for Nine Months in Two Separate Cases
CA Praveen Murarka (Membership No. 513907), based in Laxmi Nagar, Delhi, has been suspended for a total of nine months, as per ICAI's notification dated April 17, 2025. The suspension follows findings of guilt in two separate disciplinary proceedings, each addressing serious violations under multiple clauses of the Chartered Accountants Act, 1949.
Details of Disciplinary Action
1. Case No. PR/G/47/2022/DD/355/2022/DC/1698/2022
Violated Clauses:
- Item (2), Part IV, First Schedule
- Item (7), Part I, and Item (1), Part II, Second Schedule
Punishment:
- 3-month suspension and a ₹50,000 fine
2. Case No. PR/G/27/2022/DD/83/2022/DC/1730/2023
Violated Clause:
- Item (7), Part I, Second Schedule
Punishment:
- 6-month suspension
The ICAI Disciplinary Committee directed that the punishments shall run consecutively, resulting in a consolidated nine-month suspension starting April 17, 2025.
CA Praveen Murarka's Office Address: Office No. 102, 82-83, Main Vikas Marg, Above Titan Eye Showroom, Laxmi Nagar, Delhi - 110092
B. CA Subhash Chander Sharma Suspended for One Month
In a separate case, CA Subhash Chander Sharma (Membership No. 083982) has been suspended for one month, effective from April 17, 2025, following disciplinary proceedings under the Chartered Accountants Act, 1949, and relevant rules.
According to ICAI's notification, CA Sharma was found guilty of professional and other misconduct under Item (7) of Part I of the Second Schedule and Item (2) of Part IV of the First Schedule. The Disciplinary Committee took the decision after providing the member an opportunity of being heard under Rule 19(1).
CA Subhash Chander Sharma's Address: 304, Delhi Chamber, 3453, Delhi Gate, New Delhi - 110002
ICAI's Firm Stance on Professional Misconduct
These disciplinary actions highlight ICAI's unwavering commitment to maintaining the highest standards of ethics, discipline, and professional conduct among its members. The Institute continues to enforce its robust disciplinary framework to protect public interest and preserve the trust placed in the accounting profession.
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