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Chartered banned?

Prodyut Banerjee (Advocate) (309 Points)

26 February 2009

Hi friends

Should the word Chartered be banned in India? (ICWAI has raised some valid points regarding this subject)

The word Chartered should be permitted to be used by any reputed Institute maintaining a minimum educational standerd? (to be specified by Central Government e.g. ICFAI has been authorised by the Court to use the word)

the word Chartered should be authorised to be used only by ICAI?

Members view with logic would help to resolve the burning issue.

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3 Replies

Shekar (CA & LCS ) (1109 Points)
Replied 26 February 2009

Yes i agree with you my friend...

Word CHARTERED should be used only by those institute set up under ACT passed by parliament like our ICAI

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Prodyut Banerjee (Advocate) (309 Points)
Replied 26 February 2009

The Universities and some other professional bodies are constituted under different Acts of Parliament and Assembly (I believe that you have used the word Parliament not in strict literal sense but in its spirit to include the State Assembly as well). So as per your view all the Universities/ Institutes constituted under an act should be authorised to use the word Chartered ? ( I think there should be some minimum starndard before granting the authority to use the word).