ICAI with the approval of the CG, Doubles the Stipend Payable to Article Assistants
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No. 1-CA(7)/167/2014.- Whereas certain draft regulations further to amend the CharteredAccountants Regulations, 1988, were published as required by sub-section (3) of section 30of the Chartered Accountants Act, 1949 (38 of 1949), in the Gazette of India, Extraordinary,Part III, Section 4, dated the 10th September, 2014, inviting objections and suggestions frompersons likely to be affected thereby, before the expiry of forty-five days from the date onwhich the copies of the Gazette containing the said notification were made available to thepublic;
And whereas the copies of the said Gazette were made available to the public on the12th September, 2014;
And whereas the objections and suggestions received from the public on the saiddraft regulations have been considered by the Council of the Institute;
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 30of the said Act, the Council, with the approval of the Central Government, hereby makes thefollowing regulations further to amend the Chartered Accountants Regulations, 1988,namely:-
1. (1) These regulations may be called the Chartered Accountants (FirstAmendment) Regulations, 2015.
(2) They shall come into force on the date of their final publication in the OfficialGazette.
2. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the saidregulations),-
(i) in regulation 28E, in sub-regulation (1), in clause (b), for the words “ninemonths”, the words “eight months” shall be substituted.
(ii) in regulation 48, in sub-regulation (1), for the Table, the following Table shallbe substituted, namely:-
Table
| Classification of the normal place of service of the articled assistant | During the first year of training | During the second year of training | During the remaining period of training |
| (1) | (2) | (3) | (4) |
| (i) Cities/towns having apopulation of twenty lakhs and above. | Rs. 2000/- | Rs. 2500/- | Rs. 3000/- |
| (ii) Cities/towns having a population of four lakhs and above but less than twenty lakhs. | Rs. 1500/- | Rs. 2000/- | Rs. 2500/- |
| (iii) Cities/towns having a population of less than four lakhs. | Rs. 1000/- | Rs. 1500/- | Rs. 2000/- |
(iii) in regulation 204, for the words “and International Trade Laws and WorldTrade Organisations” the words, “International Trade Laws and World TradeOrganisation and International Taxation” shall be substituted.
[File No. 1-CA(7)/167 /2014]
Sd/-
V. Sagar
Acting Secretary
Category : Students Zone | Comments : 1 | Hits : 3673
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arun kumar
24-Jan-2015 , 04:30:02 pmvery good