Executive Summary:
This document contains three notifications from the Ministry of Corporate Affairs amending procedures for investigations of professional misconduct. The notifications, effective from their publication date of April 9, 2018, in the Official Gazette, concern Chartered Accountants, Cost and Works Accountants, and Company Secretaries. The key amendment involves substituting specific monetary figures in the respective 2007 Rules.
Key Points / Main Content:
General Amendments:
* These amendments are called the Chartered Accountants/Cost and Works Accountants/Company Secretaries Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Amendment Rules, 2018.
* The amendments come into force on the date of their publication in the Official Gazette which is April 9, 2018.
Specific Amendments:
* **Chartered Accountants:** In the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007, in rule 17, in subrule 1, the words "five thousand rupees" are substituted with "ten thousand rupees".
* **Cost and Works Accountants:** In the Cost and Works Accountants Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases Rules, 2007, in rule 17, in subrule 1, the letters and figures "Rs.1000" are substituted with "ten thousand rupees".
* **Company Secretaries:** In the Company Secretaries Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases Rules, 2007, in rule 17, in subrule 1, the letters and figures "Rs.5000" are substituted with "ten thousand rupees".
Impact Analysis:
Chartered Accountants/Cost and Works Accountants/Company Secretaries:
* Impact: The amendment alters the monetary value referenced in rule 17, subrule 1 of the Chartered Accountants/Cost and Works Accountants/Company Secretaries Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007.
* Action Required: Affected parties should take note of the changed values, specifically substituting "five thousand rupees" (Chartered Accountants) or "Rs.1000"(Cost and Works Accountants) or "Rs.5000" (Company Secretaries) with "ten thousand rupees" in the relevant rule.
Key Entities Referenced
New Delhi: The city where the notifications were issued.
Ministry of Corporate Affairs: The ministry responsible for issuing the notifications.
Chartered Accountants Act, 1949: The act under which the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007 are made.
Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007: The principal rules being amended in the first notification.
Cost and Works Accountants Act, 1959: The act under which the Cost and Works Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007 are made.
Cost and Works Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007: The principal rules being amended in the second notification.
Company Secretaries Act, 1980: The act under which the Company Secretaries Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007 are made.
Company Secretaries Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007: The principal rules being amended in the third notification.
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (i)
PART II—Section 3—Sub-section (i)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 223] ubZ fnYyh] lkseokj] vçSy 9] 2018@pS=k 19] 1940
No. 223] NEW DELHI, MONDAY, APRIL 9, 2018/CHAITRA 19, 1940
dkWjiksjsV dk;Z ea=ky;
vf/klwpuk
ub Z fnYyh] 9 vizSy] 2018
lk-dk-fu- 348¼v½-—क(cid:2)(cid:3)ीय सरकार, क(cid:6)पनी सिचव अिधिनयम, 1980 (1980 का 56) क(cid:9) धारा 21 क(cid:9)
उप-धारा (4) और धारा 21 ख क(cid:9) उप-धारा (2) और उप-धारा (4) के साथ प(cid:10)ठत धारा 38 क क(cid:9) उप-धारा (2) के खंड (ग)
और खंड (घ) (cid:13)ारा (cid:16)द(cid:18) शि(cid:21)य(cid:22) के (cid:16)योग करत े (cid:25)ए, क(cid:6)पनी सिचव (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के
संचालन क(cid:9) (cid:16)!"या) िनयम, 2007, का और संशोधन करन ेके िलए िन#िलिखत िनयम बनाती ह ैअथा’त:् -
1. (1) इन िनयम(cid:22) का सिं ,- नाम क(cid:6)पनी सिचव (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन क(cid:9) (cid:16)!"या)
िनयम, संशोधन िनयम, 2018 ह ै।
(2) ये राजप/ म (cid:2)उनके (cid:16)काशन क(cid:9) ितिथ को (cid:16)वत’ ह(cid:22)गे ।
2. क(cid:6)पनी सिचव (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन क(cid:9) (cid:16)!"या) िनयम, 2007, के िनयम 17 म,(cid:2)
उप-िनयम (1) म,(cid:2) "पांच हजार 1पए" अ,र और आंकड़ ेके 2थान पर, "दस हजार 1पए" रखा जाएगा।
[फा. स.ं 1/12/2007-आई.जी.सी /पीआई]
अनुराग अ5वाल, संयु(cid:21) सिचव
(cid:1)(cid:1)(cid:1)(cid:1)टटटट(cid:3)(cid:3)(cid:3)(cid:3)पपपपणणणण : मूल िनयम भारत के राजप(cid:5), असाधारण, भाग
II,
खंड 3, उप-खंड (i) म (cid:7) अिधसूचना सं(cid:10)या सा.का.िन. 111(अ),
तारीख 27 फरवरी, 2007 (cid:12)ारा (cid:13)कािशत (cid:18)कया गया था और प(cid:19)ातवत(cid:21) संशोधन अिधसूचना सं(cid:10)या
सा.का.िन. 314(अ), तारीख 23.04.2015 (cid:12)ारा (cid:18)कया गया।
2087 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 9th April, 2018
G.S.R. 348 (E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29A
read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Chartered Accountants Act,
1949 (38 of 1949), the Central Government hereby makes the following rules further to amend the Chartered
Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007,
namely:-
1. (1) These rules may be called the Chartered Accountants (Procedure of Investigations of Professional
and Other Misconduct and Conduct of Cases) Amendment Rules, 2018
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Chartered Accountants (Procedure of Investigation of Professional and Other Misconduct and Conduct
of Cases) Rules, 2007, in rule 17, in sub-rule (1), for the words “five thousand rupees”, the words “ten thousand
rupees” shall be substituted.
[F.No. 1/12/2007-IGC/PI]
ANURAG AGARWAL, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide
notification number G.S.R. 112(E), dated the 27th February, 2007 and subsequently amended vide notification
numbers G.S.R. 226(E), dated the 22nd March, 2011 and G.S.R. 141(E), dated the 4th March, 2014.
vf/klwpuk
ub Z fnYyh] 9 vizSy] 2018
lk-dk-fu- 349¼v½-—क(cid:2)(cid:3)ीय सरकार, चाट’ड ’ एकाउंट(cid:2)ट अिधिनयम, 1949 (1949 के 38) क(cid:9) धारा 21 क(cid:9)
उप-धारा (4) और धारा 21 ख क(cid:9) उप-धारा (2) और उप-धारा (4) के साथ प(cid:10)ठत धारा 29 क क(cid:9) उप-धारा (2) के खंड (ग)
और खंड (घ) (cid:13)ारा (cid:16)द(cid:18) शि(cid:21)य(cid:22) के (cid:16)योग करत े (cid:25)ए, चाट’ड ’ एकाउंट(cid:2)ट (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के
संचालन क(cid:9) (cid:16)!"या) िनयम, 2007, का और संशोधन करन ेके िलए िन#िलिखत िनयम बनाती ह ैअथा’त:् -
1. (1) इन िनयम(cid:22) का संि,- नाम चाट’ड ’ एकाउंट(cid:2)ट (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन क(cid:9)
(cid:16)!"या) िनयम, संशोधन िनयम, 2018 ह ै।
(2) ये राजप/ म (cid:2)उनके (cid:16)काशन क(cid:9) ितिथ को (cid:16)वत’ ह(cid:22)गे ।
2. चाट’ड ’ एकाउंट(cid:2)ट (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन क(cid:9) (cid:16)!"या) िनयम, 2007, के िनयम 17
म(cid:2), उप-िनयम (1) म,(cid:2) "पांच हजार 1पए" अ,र और आंकड़ ेके 2थान पर, "दस हजार 1पए" रखा जाएगा।
[फा. स.ं 1/12/2007- आई.जी.सी./पीआई]
अनुराग अ5वाल, संयु(cid:21) सिचव
(cid:1)(cid:1)(cid:1)(cid:1)टटटट(cid:3)(cid:3)(cid:3)(cid:3)पपपपणणणण :::: मूल िनयम भारत के राजप/, असाधारण, भाग II, खंड 3,उप-खंड (i) म (cid:2) अिधसूचना स:ं या सा.का.िन. 112(अ),
तारीख 27 फरवरी, 2007 (cid:13)ारा (cid:16)कािशत !कया गया था और प;ातवत< संशोधन अिधसूचना स:ं या= सा.का.िन. 226(अ),
तारीख 22 माच,’ 2011 और सा.का.िन. 141(अ), तारीख 04.03.2014 (cid:13)ारा !कया गया।¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3
NOTIFICATION
New Delhi, the 9 April, 2018
G.S.R. 349(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 38A
read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Cost and Works Accountants
Act, 1959 (23 of 1959), the Central Government hereby makes the following rules further to amend the Cost and Works
Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007,
namely:-
1. (1) These rules may be called the Cost and Works Accountants (Procedure of Investigations of
Professional and Other Misconduct and Conduct of Cases) Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Cost and Works Accountants (Procedure of Investigation of Professional and Other Misconduct
and Conduct of Cases) Rules, 2007, in rule 17, in sub-rule (1), for the letters and figures “Rs.1000”, the words
“ten thousand rupees” shall be substituted.
[F.No. 1/12/2007-IGC/PI]
ANURAG AGARWAL, Jt. Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide
notification number G.S.R. 113(E), dated the 27th February, 2007.
vf/klwpuk
ub Z fnYyh] 9 vizSy] 2018
lk-dk-fu- 350¼v½-—क(cid:2)(cid:3)ीय सरकार, लागत और सकं म ’ लेखापाल अिधिनयम, 1959 (1959 के 38) क(cid:9) धारा 21 क(cid:9)
उप-धारा (4) और धारा 21 ख क(cid:9) उप-धारा (2) और उप-धारा (4) के साथ प(cid:10)ठत धारा 38 क क(cid:9) उप-धारा (2) के खंड (ग)
और खंड (घ) (cid:13)ारा (cid:16)द(cid:18) शि(cid:21)य(cid:22) के (cid:16)योग करत े (cid:25)ए, लागत और सकं म ’ लेखापाल (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और
मामलो के संचालन क(cid:9) (cid:16)!"या) िनयम, 2007, का और संशोधन करन ेके िलए िन#िलिखत िनयम बनाती ह ैअथात’ :् -
1. (1) इन िनयम(cid:22) का सिं ,- नाम लागत और संकम ’लेखापाल (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन
क(cid:9) (cid:16)!"या) िनयम, संशोधन िनयम, 2018 ह ै।
(2) ये राजप/ म (cid:2)उनके (cid:16)काशन क(cid:9) ितिथ को (cid:16)वत’ ह(cid:22)गे ।
2. लागत और सकं म ’ लेखापाल (वृितक और अ(cid:28)य अवचार के अ(cid:28)वेषण और मामलो के संचालन क(cid:9) (cid:16)!"या) िनयम, 2007,के
िनयम 17 म,(cid:2) उप-िनयम (1) म,(cid:2) " एक हजार 1पए" अ,र और आंकड़ ेके 2थान पर, "दस हजार 1पए" रखा जाएगा।
[फा. स.ं 1/12/2007- आई.जी.सी. /पीआई]
अनुराग अ5वाल, संयु(cid:21) सिचव
(cid:1)(cid:1)(cid:1)(cid:1)टटटट(cid:3)(cid:3)(cid:3)(cid:3)पपपपणणणण :::: मूल िनयम भारत के राजप/, असाधारण, भाग II, खंड 3, उप-खंड (i) म (cid:2) अिधसूचना स:ं या सा.का.िन. 113(अ),
तारीख 27 फरवरी, 2007 (cid:13)ारा (cid:16)कािशत !कया गया था ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
NOTIFICATION
New Delhi, the 9th April, 2018
G.S.R. 350(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 38A
read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Company Secretaries Act, 1980
(56 of 1980), the Central Government hereby makes the following rules further to amend the Company Secretaries
(Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, namely:-
1. (1) These rules may be called the Company Secretaries (Procedure of Investigations of Professional
and Other Misconduct and Conduct of Cases) Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Company Secretaries (Procedure of Investigation of Professional and Other Misconduct and
Conduct of Cases) Rules, 2007, in rule 17, in sub-rule (1), for the letters and figures “Rs.5000”, the words “ten
thousand rupees” shall be substituted.
[F. No. 1/12/2007-IGC/PI]
ANURAG AGARWAL, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide
notification number G.S.R. 111(E), dated the 27th February, 2007 and subsequently amended vide notification
number G.S.R. 314(E), dated the 23rd April, 2015.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.