ANNOUNCEMENT

Sub: Announcement for panel for outsourcing of work of Technical Scrutiny of Balance Sheets

            The Institute has received an Office Memorandum (OM) from the Ministry of Corporate Affairs. As per the OM, the Registrar of Companies will prepare a panel of professionals for Technical Scrutiny of Balance Sheets filled by the Companies for the State concerned.

            The Scheme of outsourcing the work will be for the financial year 2009-10.  The details of the Scheme specifying the eligibility criteria, mode of application, Procedure to be followed by the ROC for outsourcing of work, is provided in the Office Memorandum issued by the Ministry. 

            The Institute of Chartered Accountants of India while appreciating the initiative taken by the Ministry for ensuring good corporate governance and transparency for safeguarding the interest of the shareholders, creditors and the economy as a whole wishes to provide professional expertise of its members to the Registrar of Companies.  For the purpose, it has been decided to prepare a panel of the members of the Institute and send the same to the Ministry.

Procedure for Registration for the empanelment:

            Members fulfilling the eligibility and intending to empanel themselves may submit their application in Empanelment Form. After verification, the same will be included in the panel and forwarded to the Ministry of Corporate Affairs.

For any further clarification, the members can contact:
Secretary, Corporate Laws Committee
The Institute of Chartered Accountants of India
ICAI Bhawan, Indraprastha Marg
New Delhi-110002
Tel. No. 011-30110471
E-mail: corpoartelaws@icai.in / skgarg@icai.in