News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Professional Updates »
 Tally ERP 9.0 Features
 Publication of Technical Guide on Accounting for Expenditure on Corporate Social Responsibility Activities and withdrawal of Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities.
 Exemption from Completion of Orientation Course (OC) and Information Technology Training (ITT) before admission in Practical Training on or Before 31st July, 2020 for Direct Entry Scheme students
 Publication- Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016 Series 3.
 ICAI signs MoU with Service Export Promotion Council (SPEC)
 Reduction of fees for MCS & Adv ITT Courses for students undergoing Virtual classes for May 2019, Nov 2019, May 2020 & Nov 2020 Final Students
 Guidance Note on the Companies (Auditor's Report) Order, 2020 issued by Auditing and Assurance Standards Board
 Announcement regarding Further extension of time by Securities and Exchange Board of India (SEBI) to July, 31, 2020 for submission of financial results for the quarter / half year financial year ending 31st March 2020 due to the continuing impact of the COVID-19 pandemic by CL&CGC ICAI
 ICAI is celebrating 72nd Chartered Accountants Day on 1st July 2020. Live Webcast on "Virtual National CA Summit 2020" on 29th June, 30th June & 1st July, 2020.
 Digital Accounting and Assurance Board, ICAI is organizing Live Webinar on Overview of SAP ERP on 03rd July, 2020 (Friday) from 4.00 to 6.00 PM
 IMPORTANT ANNOUNCEMENT May 2020 Exams - Opt-Out Window

Regarding Empanelment of professionals for at least fifteen years of continuous practice as a Chartered Accountant with MCA as Mediator or Conciliator.
October, 25th 2016

As you may be aware that Section 442 of the Companies Act, 2013 provides that the Central Government shall maintain a panel of experts to be called as the Mediation and Conciliation Panel consisting of such number of experts having such qualifications as may be prescribed for mediation between the parties during the pendency of any proceedings before the Central Government or the Tribunal or the Appellate Tribunal under this Act. 

In this regard, I would like to inform you that the Ministry of Corporate Affairs has issued Companies (Mediation and Conciliation) Rules, 2016 recently, wherein as per Rule 4 the qualification and experience of the experts who can act as a mediator and conciliator has been provided. 

As per Rule 4(g) of the said Rules, it has been provided that a person shall not be qualified for being empanelled as mediator or conciliator unless he is or has been a professional for at least fifteen years of continuous practice as Chartered Accountant, i.e., he is eligible to empanel himself as a mediator or conciliator, if he has been a professional for at least fifteen years of continuous practice as a Chartered Accountant. 



Further, the Regional Directors of all the Regions i.e., Northern, Southern, Eastern, South Eastern, Western and North Western Region), Ministry of Corporate Affairs (MCA), Government of India have invited applications for empanelment of Mediators/ Conciliators in pursuant to Rule 3(3) read with Rule 3(5) of the Companies (Mediators and Conciliators) Rules, 2016. 

In this regard, we request the members who are eligible and willing to become mediator and conciliator and empanel themselves with MCA as per aforesaid Notice, may send their application in the prescribed form given in the Companies (Mediation and Conciliation) Rules, 2016) along with relevant documents to Regional Directors of the respective Region either physically at their address on the working days or through e-mail 

1.   For Northern Region- The application can be sent through Email at rd.north@mca.gov.in; or physically to Sh. N. K. Bhola, B-2 Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, New Delhi – 110003. The last date and time for receipt of applications is 8th November, 2016 by 4:00 pm. 

The notice is available at the link given below- http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexpertsNR_04102016.pdf 

2.   For Southern Region- The application can be sent through Email at rd.south@mca.gov.in; or physically to Sh. S. B. Gautam, 5th Floor, A- Wing, Shastri Bhawan, 26 Haddows Road, Chennai- 600006. The last date and time for receipt of applications is 8th November, 2016 by 5:00 pm. 

The notice is available at the link given below- http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexpertsSR_30092016.pdf

3.   For Eastern Region- The application can be sent through Email at rd.east@mca.gov.in; or physically to Sh. Ramesh Chand M, Nizam Palace, II MSO Building, 3rd Floor, 234/4 A.J.C. Bose Road, Kolkata-700020. The last date and time for receipt of applications is 8th November, 2016 by 5:00 pm. 

The notice is available at the link given below- http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexpertsE_29092016.pdf 

4.   For Western Region- The application can be sent through Email at rd.west@mca.gov.in; or physically to Sh. A.K. Chaturvedi, Everest 5th Floor, 100 Marine Drive, Netaji Subhash Marg, Mumbai – 400002. The last date and time for receipt of applications is 8th November, 2016 by 5:00 pm. The notice is available at the link given below-http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexpertsW_29092016.pdf 

5.   For South East Region- The application can be sent through Email at rd.ser@mca.gov.in; or physically to SH. S. B. Gautam, 3rd Floor, Corporate Bhawan, Bandlaguda, Nagole, Tattiannaram Village, Hayat Nagar Mandal, Ranga Reddy District, Hyderabad-500 068, Telengna. The last date and time for receipt of applications is 8th November, 2016 by 5:00 pm. 



The notice is available at the link given below- http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexpertsSer_29092016.pdf 

6.   For North Western Region- The application can be sent through Email at rd.northwest@mca.gov.in; or physically to Sh. J. K. Jolly, ROC Bhavan, Opp Rupal Park Society, Behind Ankur Bus Stop, Naranpura, Ahmedabad-380013. The last date and time for receipt of applications is 8th November, 2016. 

The notice is available at the link given below- http://www.mca.gov.in/Ministry/pdf/noticeforempanellingexperts_22092016.pdf 

The Companies (Mediation and Conciliation) Rules, 2016 as issued by MCA recently are available at -http://www.mca.gov.in/Ministry/pdf/CompaniesMediationandConciliationRules_10092016.pdf 

With Regards 

CA Dhinal Shah
Chairman, Corporate Laws & Corporate Governance Committee
The Institute of Chartered Accountants of India

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting