Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: cpt :: VAT Audit :: form 3cd :: TDS :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: empanelment :: VAT RATES
« ICAI »
 Public Notice in the matter of wrong marketing of ICAI course by private colleges/educational institutes.
 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board
 Clarifications regarding exemptions in a paper(s) in CA Examinations
 Request to give suggestions on the Draft Rules and Regulations to the Insolvency and Bankruptcy Code, 2016 as issued by the Ministry of Corporate Affairs.
 Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2016
 The Chartered Accountants’ Students Benevolent Fund (CASBF)
 Details of Roll Nos. and Exam Centres of PQC Exams-Nov. 2016
 Group to review and realign the provisions of Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988
 Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance.
 Zone-shifting of candidates for NOVEMBER - 2016 CA Exams
 CPE Events 10 October - 15 October 2016

ICAI comes under CCI scanner
March, 13th 2014

Finding prima facie evidence of violations, the Competition Commission of India (CCI) has ordered a detailed probe against accounting watchdog Institute of Chartered Accountants of India (ICAI) with regard to alleged discriminatory practices in organising professional education programmes for its members. It is alleged that the ICAI’s policy on continuing professional education (CPE) scheme is discriminatory and abusive.

The complaint filed by Arun Anandagiri, who is a qualified chartered accountant, has said the institute’s CPE policy does not allow any other organisation to provide the service of holding CPE seminars other than that offered by the ICAI’s programme organising unit.

Observing that there “seems to be force in the allegations”, the CCI has ordered its Director-General to carry out a detailed probe against the institute in the matter.

The watchdog refers cases to the DG when prima facie there is evidence of violating competition norms.

“If during the course of investigation, involvement of any other party is found, the DG shall investigate the conduct of such other parties including conduct of group companies..,” the order dated February 28 and released on Wednesday said.

The probe could also look into the role of persons who were in charge of and were responsible for the conduct of the businesses of such companies.

According to the Commission, it is not the case that the activity of ICAI in organising CPE seminars is a not-for-profit exercise.

Citing the ICAI’s annual report for 2012-13, the complainant has submitted that the institute earned gross revenues of Rs.45 crore from organising seminars and conferences, which accounted for around 8 per cent of the institute’s total revenue.

As per the Commission, members of the institute “had no option but to attend the seminars organised by the ICAI (whatever be the quality of seminars) to get the requisite CPE credits.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions