ICAI directed to address govt units' complaints quickly
PrintListen to this Article
The minister of state for corporate affairs informed the Lok Sabha that in the last five years, the Institute of Chartered Accountants of India (ICAI) dealt with 1,125 cases out of the 2,550 cases registered during the period.
"The Ministry has issued directions to the ICAI that where complaints have been received from government organisations, they should be dealt within a strictly time- bound manner as public interest is involved in such cases," the minister told the Lok Sabha.
The institute should also ensure that disposal is done within the limit laid down for each step, he added.
Last month, Prime Minister Narendra Modi had wondered why the institute took action only against 25 members for irregularities while more than 1,400 cases have been pending for many years.
Citing information available with the ICAI, Meghwal today said, "In respect of 25 cases punishment of removal of names from the register of members for one year or more, including permanent removal was awarded".
The minister was responding to a query on whether the ICAI has poor track record on disciplinary front and has prosecuted only 25 chartered accountants in the last 11 years. #casansaar (Source - PTI, Business Standard)
Category : ICAI | Comments : 0 | Hits : 656
The CA Institute has proceeded and notified its revised exam dates (announced on March 19) for the intermediate course examination and final examination despite a pending Supreme Court hearing slated for April 29 on postponement plea filed by some CA Students. An ICAI notification—gazetted on April 25 —showed that the intermediate course exams will be held on May 3, 5 & 9 (Group I) and May 11, 15 and 17 (Group II). The final exams are scheduled for May 2, 4 and 8 (Group ...
The Institute of Chartered Accountants of India (ICAI) has found gross negligence by edtech firm Byju's auditors, ICAI president Ranjeet Kumar Agarwal said on Wednesday. "Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned," Agarwal told news agency PTI. Agarwal said, "The FRRB wil...
The Enforcement Directorate (ED) raided premises linked to Delhi Chief Minister Arvind Kejriwal’s personal secretary Bibhav Kumar, and Aam Aadmi Party (AAP) Rajya Sabha MP, Past President of ICAI Sh.ND Gupta in connection with a money laundering probe related to the Jal Board case. The central probe agency had last month arrested Jagdish Kumar Arora, the former chief engineer of the Delhi Jal Board. The probe agency claims that Arora awarded a contract worth Rs 38 crore to NKG Infrastru...
A bench of justice Bharav D Karia had observed that the activity of a CA includes that of accounting, auditing, refereeing, receivers, arbitrators and special commissioners as prescribed by the ICAI to be carried out on-premises and at places of managing partner may determine The Gujarat high court has ruled that a Chartered Accountancy (CA) firm should be classified as a professional establishment rather than a shop, commercial or retail entity and as a result, its employees are deemed ineli...
Notice Sent to Kumar Vishwas by Advocate (CA) Dr. Suneel Maggo for his Derogatory Remarks against Professionals (Chartered Accountants and Company Secretaries). We had discussed the matter with Advocate Suneel Maggo and the same has been uploaded on the youtube but on the pressure of Kumar Vishwas, Video has been removed 2 times. In his notice to Kumar Vishwas, He asked for Sorry to the Professional else Next Defemation Notice to Kumar Vishwas for his Derogatory Remarks against Chartered A...
Comments