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 INPUT TAX CREDIT IN VAT :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: empanelment :: form 3cd
 
 
News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

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 2016 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