ICAI seeks Public Input on Proposed Amendments to Chartered Accountants Regulations 1988



Quick Summary
The Institute of Chartered Accountants of India (ICAI) has published draft amendments to the Chartered Accountants Regulations 1988, following in-principle approval from the Ministry of Corporate Affairs. These changes stem from the Amendment Act 2022. The draft amendments have been officially gazetted and are available on the ICAI website. Interested parties are encouraged to submit their comments and objections by 9th August 2023.

Council Affairs
The Institute of Chartered Accountants of India

ANNOUNCEMENT

Sub: Inviting Public Comments on draft amendments in the Chartered Accountants Regulations, 1988 arising out of Amendment Act 2022

The Ministry of Corporate Affairs has accorded its in-principle approval on the draft amendments in the Chartered Accountants Regulations, 1988 arising out of Amendment Act 2022.

ICAI Seeks Feedback on Chartered Accountant Regulations 1988 Amendments

In terms of the requirement of sub-section (3) of Section 30 of the Chartered Accountants Act, 1949, the notification containing draft amendments has been published in Part III Section 4 of the Gazette of India, Extraordinary, dated 7th July, 2023 seeking comments from the persons likely to be affected thereby. The said Notification has also been hosted on the website of the Institute. The link to reach the same is here

The stakeholders may send their suggestions/objections in regard to the aforesaid draft amendments latest by 9th August, 2023 for consideration of the Council by visiting the following google form:
https://forms.gle/GMvEosYf9r9Wv3o1A

Secretary, ICAI

FAQ :

The proposed amendments are to the Chartered Accountants Regulations 1988, arising from the Amendment Act 2022.

The Institute of Chartered Accountants of India (ICAI) is inviting public comments.

Yes, the Ministry of Corporate Affairs has given its in-principle approval for the draft amendments.

The draft amendments have been published in Part III Section 4 of the Gazette of India, Extraordinary, dated 7th July 2023, and are also hosted on the ICAI website.

The deadline for submitting suggestions or objections is 9th August 2023.

You can submit your suggestions and objections via a Google Form, the link for which is provided in the announcement.




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