Quick Summary
Corporate Laws Corporate Governance Committee The Institute of Chartered Accountants of India 28th April, 2022 ----------------------------------------------------------------------------------------------- ANNOUNCEMENT Sub: Important Message: Strict Compliance - regarding Verification/ Clar
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The MCA has observed that practising professionals are not always carrying out proper due diligence and verification when incorporating companies or LLPs.
Verification is required for documents pertaining to Directors, Key Managerial Personnel (KMP), witnesses to the Memorandum of Association (MoA) and Articles of Association (AoA), and the Registered Office.
The clarification is being issued by the Corporate Laws & Corporate Governance Committee of The Institute of Chartered Accountants of India (ICAI).
Practising professionals who do not ensure strict compliance with the verification requirements may face penal actions.
The key message is to ensure strict compliance with due diligence and verification procedures for Company and LLP incorporations as per the law.
CAclubindia
