Name on dd for condonation

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2013 On whose name DD condonation of delay in submission of FORM-112,will be drawn.?

Ajay Mishra

Ajay Mishra (Expert)
Follow

30 August 2013 Hi

It will depend on no of days delay.

Generally it goes to "DCO Head".

Querist : Anonymous

Querist : Anonymous (Querist)

02 September 2013 I am sending draft amounting Rs.1000. can draft be on name of The Secretary

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

03 August 2024 For condonation of delay in submission of FORM-112, the Demand Draft (DD) should be drawn in favor of the "Pay and Accounts Officer" or "The Secretary, The Institute of Chartered Accountants of India (ICAI)" depending on the specific instructions provided by ICAI.

### **Steps to Follow:**

1. **Check the Specific Instructions:**
- Refer to the ICAI’s website or the official communication you have received for precise instructions on the name to be used for the DD. Typically, the DD should be in favor of the Pay and Accounts Officer of ICAI or the Secretary of ICAI.

2. **If Not Specified:**
- If there are no specific instructions mentioned, the general practice is to issue the DD in favor of the "Secretary, The Institute of Chartered Accountants of India (ICAI)." This is the most common practice and should be acceptable unless stated otherwise.

3. **Amount and Bank Details:**
- Ensure that the DD amount matches the required fee (Rs. 1000 in your case).
- The DD should be drawn from a bank and made payable at the location where ICAI’s office is situated.

### **General Guidelines:**

- **Ensure Correct Details:** Verify the exact name and details with ICAI to avoid any delays or issues.
- **Submit Along with Application:** Send the DD along with your application for condonation of delay and any other required documents.

**Example DD Details:**

- **Payee Name:** Secretary, The Institute of Chartered Accountants of India (ICAI) or Pay and Accounts Officer, ICAI (based on the specific instructions)
- **Amount:** Rs. 1000
- **Purpose:** Condonation of Delay in Submission of FORM-112

Always confirm with ICAI or refer to their official guidelines to ensure that the DD is issued correctly.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now