The Institute of Chartered Accountants of India (ICAI) has issued an Extraordinary Gazette Notification announcing the removal of a large number of members from its register for failure to pay the prescribed membership fees. The notification was published in the Gazette of India under Part III-Section 4 and released on April 24, 2026.
The action has been taken under Section 20(1)(c) of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988. According to the notification, the names of the affected members have been removed from the Register of Members with effect from November 1, 2023.
The official notification states that the removal was carried out because the concerned members failed to pay the determined fees within the prescribed period. The list, published through the Extraordinary Gazette, contains membership numbers along with the names of the affected Chartered Accountants.
The Gazette notification was issued through File No. 3-EC(4)/1/2023-2024 under the authority of ICAI. The published document spans multiple pages and includes an extensive list of members whose names have been struck off from the register.
Legal Background
Under Section 20 of the Chartered Accountants Act, 1949, ICAI is empowered to remove the name of a member from its register in certain specified circumstances, including non-payment of annual membership fees. Such removal impacts the individual's right to practice as a Chartered Accountant unless membership is restored in accordance with ICAI regulations.
The notification reiterates ICAI's regulatory authority and highlights the importance of timely compliance with membership obligations by professionals enrolled with the institute.
What This Means for Members
Removal from the ICAI Register can have significant professional implications, including:
- Loss of entitlement to practice as a Chartered Accountant
- Restriction on signing audit reports and certifications
- Ineligibility to represent oneself as an ICAI member
- Possible impact on professional assignments and regulatory filings
Members whose names have been removed may need to follow ICAI's prescribed restoration procedure, including payment of pending dues and applicable restoration fees, subject to ICAI rules and approval.
Official Publication Details
The notification was published in the Gazette of India as:
- Gazette Type: Extraordinary
- Part: III
- Section: 4
- Notification No.: 285
- Publication Date: April 24, 2026
Professionals and stakeholders are advised to verify the official Gazette publication for the complete list of affected members and related regulatory details.
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