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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Pre-certification: Co Secys peeved over Ministry move
August, 02nd 2006

Members of the Institute of Company Secretaries of India (ICSI) are feeling let down over the act on the part of the Company Affairs Ministry diluting their prerogative to pre-certify various documents submitted by companies to the Registrar of Companies. The Ministry, in February, had issued a notification empowering Chartered Accountants and ICWAI Cost Accountants, along with practising Company Secretaries, to pre-certify forms and submissions of companies.

The Clause 383C of the Companies (Amendment) Bill, 2003, (that was introduced, but not passed) ensures exclusive rights of pre-certification to Company Secretaries. However, the notification put forth by the Ministry has thwarted this privilege of Company Secretaries.

Members Resign

"This is an intrusion into the core area of company secretaries. We have submitted representations expressing our displeasure over the decision; but no action has been take as yet," said a source at the ICSI.

This issue has also led to the resignation of four ICSI members Mr Mahesh A. Athavale, Mr Nesar Ahmed, Mr S.D. Irani and Mr Bipin S. Acharya from the central council.

"Pre-certification has to be done by people who have expertise in company law. In fact our institute provides specialised education and training in company law and gives highest emphasis on providing in its curriculum over 27 per cent weightage to company law," said a member, adding, "this is much less in the case of CA or ICWA curriculum." The ICSI is a statutory body formed by an Act of Parliament and has around 4,000 practisingmembers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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