Constitution of National Advisory Committee on Accounting Standards

Posted: 24/04/2012 in Accounting Standards, Company, MCA, Notifications

NOTIFICATION

[F.NO.1/5/2001-CL.V], dated 11th April, 2012.

S.O……..(E):- In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes the National Advisory Committee on Accounting Standards, for a period up to the 28th February, 2013 with effect from the date of publication of this notification, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act, namely:-

(1) Shri M. M. Chitale, Chartered Accountant Chairperson, [nominated under clause (a) of sub-section (2) of section 210A]
(2) The President, of the Institute of Chartered Accountants of India Member, [nominated under clause (b) of sub-section (2) of section 210A]
(3) The President of the Institute of Company Secretaries of India Member, [nominated under clause (b) of sub-section (2) of section 210A]
(4) The President of the Institute of Cost and Works Accountants of India Member, [nominated under clause (b) of sub-section (2) of section 210A]
(5) Shri P.R. Ravi Mohan, Chief General Manager, Nominee of Reserve Bank of India Member, [nominated under clause (d) of sub-section (2) of section 210A]
(6) Shri Gautam Guha, Director General (Commercial), Nominee of the Comptroller and Auditor-General of India Member, [nominated under clause (e) of sub-section (2) of section 210A]
(7) Nominee of the Indian Institute of Management, Kolkata Member, [nominated under clause (f) of sub-section (2) of section 210A]
(8) Shri Sunil Gupta, Joint Secretary, Ministry of Finance, Nominee of the Central Board of Direct Taxes Member, [nominated under clause (g) of sub-section (2) of section 210A]
(9) Shri Ashok Haldia, Nominee of the Associated Chambers of Commerce and Industry of India Member, [nominated under clause (h) of sub-section (2) of section 210A]
(10) Shri S Santhanakrishnan, Nominee of the Confederation of Indian Industry Member, [nominated under clause (h) of sub-section (2) of section 210A]
(11) Smt. Usha Narayanan,

Executive Director,

Securities & Exchange Board of India

 

Member, [nominated under clause (i) of sub-section (2) of section 210A]
(12) Smt. Renuka Kumar,

Joint Secretary,

Ministry of Corporate Affairs

 

Member, [nominated under clause (c) of sub-section (2) of section 210 A].

 

Special Invitee  
(13) Shri G. Ramaswamy, Ex-President, ICAI [nominated under clause (c) of sub-section (2) of section 210A]
(14) Shri Suresh Senapati, CFO, Wipro [nominated under clause (c) of sub-section (2) of section 210A].

Click here to download the complete text of the above Notification in PDF Format- Constitution of National Advisory Committee on Accounting Standards.

Source: Ministry of Corporate Affairs.

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