Archive for the ‘Chartered Accountant(s)’ Category


As you are aware, that maintenance and constant updation of ethical standards is the collective concern of the ICAI as well as all members of the ICAI.

Members are already accessing for the latest developments in ethics with a view to further reinforce the idea of observing highest ethical standards by all members. In this regard Ethical Standards Board has launched its website, i.e. www.esb.icai.org, for updation of knowledge on Ethics and other related matters.

This website will be of great help to all the members of the ICAI.

Source: The Institute of Chartered Accountants of India.


Group to examine the matter of introduction of Electronic Voting including electronic counting at the forthcoming elections to the Council and Regional Councils and make its recommendations.

Council Affairs/M-626/2012

15th June, 2012

ALL MEMBERS OF THE COUNCIL

Madam/Dear Sir,

The President, in terms of the authority given to him by the Council at its 314th meeting held from 10th to 12th February, 2012, has constituted a Group, comprising of the following members, to examine the matter of introduction of Electronic Voting including electronic counting at the forthcoming elections to the Council and Regional Councils and make its recommendations:

  • CA. Atul C. Bheda, Mumbai (Convenor)
  • CA. M. Devaraja Reddy, Hyderabad
  • CA. Sumantra Guha, Kolkata
  • CA. Vijay Kumar Garg, Jaipur
  • CA. Charanjot Singh Nanda, New Delhi

Shri Rajanikant Verma, Secretary, Committee on Information Technology would act as Secretary to the aforesaid Group.

In this regard, it is stated that Rule 19(3) of the Chartered Accountants (Election to the Council) Rules, 2006 inter-alia provides for recording of votes through voting machines or internet in such manner as may be determined by the Council and with the approval of Central Government. The approval of Central Government in this regard is required to be obtained prior to publication of notification in the Gazette of India required under Rule 4(2) of the afore-mentioned Rules. The said notification is required to be published at least 3 months prior to the date(s) of elections (which are 7th and 8th December, 2012) i.e. by first week of September, 2012. Hence, it is proposed to crystalise the issues involved, alongwith the recommendations of the Executive Committee and thereafter, place before the Council at its meeting scheduled to be held in Goa from 13th to 15th August, 2012. The Group may accordingly devise its work plan and submit its report in a timely manner.

Yours faithfully,

(T. Karthikeyan)

Secretary

Source: The Institute of Chartered Accountants of India.


Group to examine the applicability of service tax or otherwise on certificate courses, training courses, conferences/seminars and other programmes on paid basis conducted by ICAI and its various organs

Council Affairs/M-626/2012

15th June, 2012

ALL MEMBERS OF THE COUNCIL

Madam/Dear Sir,

The President, in terms of the authority given to him by the Council at its 314th meeting held from 10th to 12th February, 2012, has constituted a Group, comprising of the following members, to examine the applicability of service tax or otherwise on certificate courses, training courses, conferences/seminars and other programmes on paid basis conducted by ICAI and its various organs and come out with its recommendations:

  • CA. Madhukar N. Hiregange, Bangalore (Convenor)
  • CA. Bhavna G. Doshi, Mumbai
  • CA. P. Rajendra Kumar, Chennai
  • CA. A.R. Krishnan, Mumbai
  • CA. Ashok Batra, New Delhi

CA. Smita Mishra, Secretary, Indirect Taxes Committee would act as Secretary to the aforesaid Group.

In view of the probable applicability of service tax with effect from 1st July, 2012, the Group may kindly submit its report at the earliest.

Yours faithfully,

(T. Karthikeyan)

Secretary

Source: The Institute of Chartered Accountants of India.


Constitution of Pune-based Group for finding out ways and means to streamline and render more services by practising Chartered Accountants as Lecturers in colleges and institutions for practical subjects like Accounting, Auditing, Taxation etc.

Council Affairs/M-626/2012

15th June, 2012

ALL MEMBERS OF THE COUNCIL

Madam/Dear Sir,

The President, in terms of the authority given to him by the Council at its 314th meeting held from 10th to 12th February, 2012, has constituted a Pune-based Group, comprising of the following members for finding out ways and means to streamline and render more services by practising Chartered Accountants as Lecturers in colleges and institutions for practical subjects like Accounting, Auditing, Taxation etc. as Expert Faculties, which is expected to reduce the gap between theory and practice and make commerce education more meaningful, practical and effective:

  • CA. S.B. Zaware, Council Member (Convenor)
  • CA. Dinesh Gandhi, Regional Council Member
  • CA. Vijaykant Kulkarni, Past Chairman, Pune Branch
  • Dr. Y.R. Waghware
  • CA. Umesh Kulkarni

CA. Leena Khanwilkar, DCO Head, Pune would act as Secretary to the aforesaid Group.

The terms of reference of the above Group will comprise of the following:

  • To identify the members from Pune Region, who are engaged as full-time teaching faculty in Government? aided private colleges in Pune Region
  • To have an official dialogue with the Joint Director of Higher Education, Pune Region in the said matter
  • To have discussions with members of teaching faculty from Pune Region
  • To submit a report with findings and recommendations to ICAI.

Yours faithfully,

(T. Karthikeyan)

Secretary

Source: The Institute of Chartered Accountants of India.


Constitution of Group to prepare Code of Conduct to be applicable for forthcoming elections to the Council and Regional Councils.

Council Affairs/M-626/2012

15th June, 2012

ALL MEMBERS OF THE COUNCIL

Madam/Dear Sir,

The President, in terms of the authority given to him by the Council at its 314th meeting held from 10th to 12th February, 2012, has constituted a Group, comprising of the following members, to prepare Code of Conduct to be applicable for forthcoming elections to the Council and Regional Councils:

  • CA. Charanjot Singh Nanda, New Delhi (Convenor)
  • CA. S.B. Zaware, Pune
  • CA. V. Murali, Chennai
  • CA. Abhijit Bandyopadhyay, Kolkata
  • CA. Ravi Holani, Gwalior

Shri G. Ranganathan, Deputy Secretary (Council Affairs) would act as Secretary to the aforesaid Group.

Rule 16 of the Chartered Accountants (Election to the Council) Rules, 2006 inter-alia provides for issuance of Election Code of Conduct for candidates, as approved by Council with a view to maintain a healthy and peaceful atmosphere during the election process for ensuring a free and fair elections. The said Code of Conduct has to be issued and hosted on the ICAI?s website before publication of notification in the Gazette of India required under Rule 4(2) of the afore-mentioned Rules. The said notification is required to be published at least 3 months prior to the date of elections i.e. by first week of September, 2012. Hence, it is proposed to finalise the Election Code of Conduct at or prior to the Council meeting scheduled to be held in Goa from 13th to 15th August, 2012. The Group may accordingly devise its work plan and submit the draft Election Code of Conduct in a timely manner.

Yours faithfully,

(T. Karthikeyan)

Secretary

Source: The Institute of Chartered Accountants of India.