Practising CA
33428 Points
Joined April 2009
The bill has been presented for Companies.
CS has been benifited. More responsibility has been assigned to CS.
But no where it can be said that it has been done at the cost of degrading the CA.
Both have important roles to play.
If I take Company as a Parental Home, CS can be deemed as a local member and due to his stay at home, he has to looksafter the inhouse activity minutely whereas CA can be deemed as a outstationed member who is also having similar inclination with the Parental Home and is looking after the external activities which are also equally important. The only thing is that certain tasks have been rigidly defined for the doers whereas remaining tasks can be performed by any of them.
The implication of new provisions are more important for discussion.