MCA Seeks Feedback On Review of Rules specified under the Chartered Accountants Act, 1949

The Ministry of Corporate Affairs has initiated a public consultation process to review the rules specified under the Chartered Accountants Act, 1949. This move aims to ensure transparency, accountability, and alignment with contemporary needs in the field of chartered accountancy.

Official copy of the notification has been mentioned below

Council Affairs
The Institute of Chartered Accountants of India
10th May, 2024

Subject: Inviting Public Comments on Review of Rules specified under the Chartered Accountants Act, 1949
 

This is to bring to your attention an important initiative by the Ministry of Corporate Affairs regarding the review of rules specified under the Chartered Accountants Act, 1949.

The Ministry of Corporate Affairs is currently inviting public comments on the proposed review of rules specified under the Chartered Accountants Act, 1949 which are as under:

1. The Chartered Accountants (Election to the Council), Rules, 2006
2. The Chartered Accountants (Nomination of Members to the Council) Rules, 2006
3. The Chartered Accountants (Election Tribunal) Rules, 2006
4. The Appellate Authority (Allowances payable to, and other terms and conditions of service of Chairperson and members and the manner of meeting expenditure of the Authority) Rules, 2006
5. The Chartered Accountants (Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and allowances of the Chairperson and members of the Board) Rules, 2006

Public comments/suggestions may be submitted by visiting the website of the Ministry of Corporate Affairs (www.mca.gov.in) under the E-Consultation tab or by clicking the below link:
https://www.mca.gov.in/content/mca/global/en/econsultation/econsultation-listing-page.html

1. Visit the provided link above.
2. Review the public notice, instruction kit, and relevant documents available on the page.
3. Submit your comments and suggestions through the provided platform within the stipulated timeframe.

Your active participation in this review process is highly encouraged and appreciated.

Thank you for your attention and cooperation in this matter.

CA.(Dr.) Jai Kumar Batra
Secretary, ICAI