Quick Summary
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
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FAQ :
The MCA has started a public consultation process to review and update the rules specified under the Chartered Accountants Act, 1949.
The review aims to ensure transparency, accountability, and to align the rules with the current needs of the chartered accountancy profession.
The review covers rules such as the Chartered Accountants (Election to the Council) Rules, 2006, the Chartered Accountants (Nomination of Members to the Council) Rules, 2006, and others related to election tribunals and the Quality Review Board.
You can submit your comments and suggestions by visiting the Ministry of Corporate Affairs website (www.mca.gov.in) and navigating to the E-Consultation tab, or by using the provided link.
Public comments and suggestions are invited, indicating that all interested parties, including chartered accountants and the public, are encouraged to participate.
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