{"id":32462,"date":"2022-03-30T15:44:57","date_gmt":"2022-03-30T10:14:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/ls-chartered-accountants-bill-2\/"},"modified":"2022-03-30T15:58:35","modified_gmt":"2022-03-30T10:28:35","slug":"ls-chartered-accountants-bill-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ls-chartered-accountants-bill-2\/","title":{"rendered":"LS approves bill to amend laws governing chartered, cost accountants, company secretaries"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-164241251\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Mar 30 (PTI) Lok Sabha on Wednesday cleared a bill to amend the laws governing chartered accountants, cost accountants and company secretaries providing for revamping the disciplinary committees of the respective professional institutes.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3615792906\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Once the amendments come into force, the presiding officer of the Institute of Chartered Accountants of India (ICAI) will be a non-Chartered Accountant (CA). Similarly, disciplinary committees of the institutes of cost accountants and company secretaries would also be presided over by individuals who are not cost accountants and company secretaries, respectively.<\/p>\n<p> Piloting the Chartered Accountants, Cost and Works Accountants and  Company Secretaries (Amendment) Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the amendments will not infringe upon the autonomy of the three institutes.<\/p>\n<p> The changes will make the institutes more responsible and accountable and align them with global best practices. she said while replying to a discussion on the bill.<\/p><div class=\"trade-content_5\" id=\"trade-3329529731\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The bill was passed by a voice vote after various amendments moved by opposition members were rejected.<\/p>\n<p> The Institute of Cost Accountants of India is the apex body for cost accountants while the Institute of Company Secretaries of India (ICSI) is the key body for company secretaries.<\/p>\n<p> Among other amendments, the government has proposed that the disciplinary committee of each of the three apex institutes should have three nominated members who are not a part of the particular institute concerned.<\/p>\n<p> The bill also provide for setting up of a coordination committee of the three bodies headed the Union Corporate Affairs Secretary. PTI CS NAB  RAM<\/p>\n<div class=\"trade-after-content\" id=\"trade-3074599284\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 30 (PTI) Lok Sabha on Wednesday cleared a bill to amend the laws governing chartered accountants, cost accountants and company secretaries providing for revamping the disciplinary committees of the respective professional institutes. Once the amendments come into force, the presiding officer of the Institute of Chartered Accountants of India (ICAI) will be [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-32462","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LS approves bill to amend laws governing chartered, cost accountants, company secretaries - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ls-chartered-accountants-bill-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LS approves bill to amend laws governing chartered, cost accountants, company secretaries\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 30 (PTI) Lok Sabha on Wednesday cleared a bill to amend the laws governing chartered accountants, cost accountants and company secretaries providing for revamping the disciplinary committees of the respective professional institutes. 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