[TO BE PUBLISHED IN THE GAZETTE OF INDIA , PART III, SECTION 4,
DATED 10th SEPTEMBER, 2014]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
New Delhi, the 10th September, 2014
NOTIFICATION
No.1-CA(7)/167/2014.- The following draft of certain regulations further to amend the Chartered Accountants Regulations, 1988, which the Council of the Institute of Chartered Accountants of India proposes to make, is hereby published, as required by sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (38 of 1949) for the information of all persons likely to be affected thereby; and notice is hereby given that the said draft regulation shall be taken into consideration after the expiry of a period of forty-five days from the date on which the copies of the Gazette of India, in which these draft regulations are published, are made available to the public;
Any person desiring to make any objection or suggestion in respect of the said draft regulations, may forward the same to the Council of the Institute of Chartered Accountants of India within the period so specified addressed to the Secretary, the Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi – 110 002;
Any objection or suggestion which may be received from any person with respect to the said draft regulations before the expiry of the period so specified shall be taken into consideration by the Council.
Draft Regulations
1. (1) These regulations may be called the Chartered Accountants (Amendment) Regulations, 2014.
(2) They shall come into force on the date of their final publication in the Official Gazette.
2. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the said regulations), in regulation 28E, in sub-regulation (1), clause (b), for the words “nine months”, the words “eight months” shall be substituted.
3. In regulation 39 of the said regulations, in sub-regulation (4), -
(a) in clause (i) for the words “rupees five hundred”, the words “rupees two thousand five hundred” shall be substituted;
(b) after clause (iii), the following proviso shall be inserted, namely:-
“Provided that where a candidate is required for the purpose of passing to obtain section-wise minimum prescribed marks, section-wise marks shall be supplied.”
4. After regulation 39 of the said regulations, the following regulation shall be inserted, namely:-
“39A. Inspection or supply of certified copy of evaluated answer book.- Inspection of an evaluated answer book or supply of a certified copy of an evaluated answer book or both in any particular paper or papers of any examination conducted under these Regulations shall be made to a candidate, in accordance with the norms as may be decided by the Council from time to time, on his submitting an application, in such manner and within such time as may be decided by the Council, along with such fee as may be fixed by the Council which shall not exceed rupees five thousand in the case of inspection of answer book and rupees eight thousand in case of supply of certified copy of evaluated answer book.”
5. In regulation 48 of the said regulations, in sub-regulation (1), for the Table, the following Table shall be substituted, namely:-
“ Table
6. In regulation 204 of the said regulations, for the words “and International Trade Laws and World Trade Organisations” the words, “International Trade Laws and World Trade Organisation and International Taxation” shall be substituted.
File No. 1-CA(7)/167 /2014
Sd/-
T. KARTHIKEYAN
SECRETARY
Note: The principal regulations were published in the Gazette of India, Extraordinary, dated the 1st June, 1988 vide number 1-CA(7)/134/88 dated 1st June, 1988 and subsequently amended by the following numbers:-
(i) Notification No.1-CA(7)/1/89 published in the Gazette of India, dated 7th October, 1989
(ii) Notification No.1-CA(7)/10/90 published in the Gazette of India, dated 19th January, 1991
(iii) Notification No.1-CA(7)/11/90 published in the Gazette of India, dated 19th January, 1991
(iv) Notification No.1-CA(7)/12/91 published in the Gazette of India, dated 23rd February, 1991
(v) Notification No.1-CA(7)/13/90 published in the Gazette of India, dated 2nd February, 1991
(vi) Notification No.1-CA(7)/19/92 published in the Gazette of India, dated 7th March, 1992.
(vii) Notification No.1-CA(7)/28/95 published in the Gazette of India dated 1st September, 1995
(viii) Notification No.1-CA(7)/30/95 published in the Gazette of India, Extraordinary dated 13th March, 1996
(ix) Notification No. 1-CA(7)/31/97 published in the Gazette of India, dated 16th August, 1997
(x) Notification No. 1-CA(7)/44/99 published in the Gazette of India dated 26th February, 2000
(xi) Notification No.1-CA(7)/45/99 published in the Gazette of India, dated 26th February, 2000
(xii) Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001
(xiii) Notification No.1-CA(7)/59/2001 published in the Gazette of India, Extraordinary dated 28th September, 2001
(xiv) Notification No.1-CA(7)/64/2002 published in the Gazette of India, Extraordinary dated 31st March, 2003
(xv) Notification No.1-CA(7)/64A/2003 published in the Gazette of India, Extraordinary dated 4th December, 2003
(xvi) Notification No.1-CA(7)/83/2005 published in the Gazette of India, Extraordinary dated 28th July, 2005
(xvii) Notification No.1-CA(7)/84/2005 published in the Gazette of India, dated 17th June, 2006
(xviii) Notification No. 1-CA(7)/92/2006 published in the Gazette of India, dated 13th September, 2006
(xix) Notification No. 1-CA(7)/102/2007(E) published in the Gazette of India, dated 17th August, 2007
(xx) Notification No.1-CA(7)/116/2008 published in the Gazette of India, dated 25th September, 2008
(xxi) Notification No.1-CA(7)/123/2008 published in the Gazette of India, dated 3rd December, 2008
(xxii) Notification No. 1-CA(7)/145/2012 published in the Gazette of India, Extraordinary dated 1st August, 2012
(xxiii) Notification No. 1-CA(7)/154/2014 published in the Gazette of India, Extraordinary dated 22nd July, 2014
Copies forwarded to :-
1. All Members of the Council.
2. All Regional Councils and their branches.
3. All Students’ Associations and their branches.
4. The Secretary to the Government of India, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi.
5. All Officers and Sections in the Institute.
6. Journal Section for publication in the immediately available issue of the Journal.
7. (a) The Chief Secretaries of All State Governments (except Bihar, Punjab, West Bengal) and all Union Territories (except Delhi).
(b) The Secretary, Finance Department, Government of Bihar, Patna.
(c) The Secretary, Industries Department, Government of Punjab, Chandigarh (3 copies)
(d) The Secretary, Finance Department, Government of Rajasthan, Jaipur (2 copies)
(e) The Secretary, Finance Department, Government of Kerala, Trivandrum (2 copies)
With reference to letter no. S(III)/L/15/PA dated 7th July, 1958 of the Department of Parliamentary Affairs, Government of India for publication in the official State Gazettes.
8. Decentralised Offices at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Ernakulam (Kochi), Hyderabad, Indore, Jaipur, Nagpur, Pune, Surat, Thane and Vadodara.
9. EDP Section for hosting on Institute’s WEBSITE.
By order etc.
(G. Ranganathan)
Deputy Secretary
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