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: form 3cd :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: due date for vat payment
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

New ArticleAccountants finally get a hearing aid for appeals
April, 23rd 2009

Chartered accountants, company secretaries and cost accountants facing disciplinary action from their professional regulators can now appeal to a specialised appellate tribunal instead of a high court.

The appeals will be heard by professionals who have regulatory experience and can deliver speedy decisions, an official in the ministry of corporate affairs said. The delay at the heavily-burdened high courts often hurts the careers of many professionals who seek a review of the disciplinary action.

An appeal against the decision of the appellate authority will be admissible in the Supreme Court.

The tribunal has been set up under the Institute of Chartered Accountants of India (ICAI) Act, which envisages an authority to hear appeals against regulatory decisions on alleged professional misconduct. The nine-member appellate authority appointed on Monday is being chaired by Andhra Pradesh High Court Justice CY Somayajulu, says a government notification.

The ministry of corporate affairs also appointed ICAI former secretary Ashok Haldia, ICAI former presidents Kamlesh S Vikramsey and TN Manoharan as well as members of the Institute of Company Secretaries of India (ICSI) and the Institute of Cost and Works Accountants of India (ICWAI) as members.

The decision to set up the appellate tribunal is significant as ICAIthe regulating body that deals with matters relating to professional or other misconduct of its membershas initiated disciplinary proceedings against prominent chartered accountants.

Chartered accountants of audit firm Price Waterhouse are facing disciplinary proceedings for their alleged professional negligence in auditing the books of Global Trust Bank. Besides, some professionals of the same auditor are facing disciplinary action for their alleged role in the Satyam Computer Services scandal.

The tribunal will only deal with the decisions taken by the professional regulators and not of any other law enforcement agency.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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