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Date: 06-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

In terms of the provisions of sub rule 5 of Rule 16 of the Chartered Accountants Election to the Council Rules,

Issued by The Institute of Chartered Accountants of India · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This Extraordinary Gazette of India notification announces the composition of a panel to enforce the Election Code of Conduct for the upcoming elections to the Council and Regional Councils of the Institute of Chartered Accountants of India (ICAI).

Key Changes

  • A three-member panel has been constituted to oversee the enforcement of the Election Code of Conduct for the ICAI elections.
  • The panel consists of: CA. (Dr.) Jai Kumar Batra (Returning Officer and Secretary, ICAI), Shri Tharvinder Singh (Deputy Secretary, Ministry of Corporate Affairs), and Shri Shailendra Mohan Pathak (Under Secretary, Ministry of Corporate Affairs).
  • This panel's formation is mandated by sub-rule (5) of Rule 16 of the Chartered Accountants (Election to the Council) Rules, 2006.

Impact Analysis

Impact on ICAI Members

  • Improved enforcement of the Election Code of Conduct, potentially leading to fewer election-related disputes.

Impact on ICAI

  • More efficient and effective election management.

Impact on Ministry of Corporate Affairs

  • Enhanced oversight of the regulatory body for chartered accountants in India.

Suggested Action Items

  • Post-election, a review of the panel's effectiveness should be conducted to identify areas for improvement.

Key Entities Referenced

Institute of Chartered Accountants of India (ICAI): The professional body for chartered accountants in India. This notification directly impacts its election process. Ministry of Corporate Affairs (MCA): The Indian government ministry responsible for corporate regulation. Two of the three panel members are from the MCA. Chartered Accountants (Election to the Council) Rules, 2006: The rules governing the election process within ICAI. Sub-rule (5) of Rule 16 is specifically referenced in the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-07092024-257002 xxxGIDExxx CG-DL-E-07092024-257002 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 696] नई दिल्ली, िुक्रर्ार, जसतम्ब र 6, 2024/भाद्र 15, 1946 No. 696] NEW DELHI, FRIDAY, SEPTEMBER 6, 2024/BHADRA 15, 1946 भारतीय चार्टडट एकाउंर्ेंट्स सस्ट्ं थान अजधसचू ना नई दिल् ली, 5 जसतम्ब र, 2024 (चार्टडट एकाउंर्ेंट्स) स.ं 54-ईएल(1)/11/2024.—चार्टडट अकाउंर्ेट्स (पररषि ् का जनर्ाटचन) जनयम, 2006 के जनयम 16 के उपजनयम (5) के अनुसरण म,ें भारतीय चार्टडट अकाउंर्ेट्स संस्ट् थान कप पररषि ् सिस्ट्यक कप साधारण िानकारी के जलए य अजधसूजचत करती ै दक पूर्ोक्त जनयमक के जनयम (1) के अधीन ररर्र्नगिं अजधकारी द्वारा पररषि ् और प्रािेजिक पररषिक के आगामी जनर्ाटचनक के जलए जनर्ाटचन आचार-संज ता के प्रर्तटन के जलए पैनल म ेंजनम्न जलजखत सजम् मजलत कगे -- 1. सीए. (डा.) िय कुमार बतरा ररर्र्निंग अजधकारी और सजचर् भारतीय चार्टडट एकाउंर्ेंट्स संस्ट्थान आईसीएआई भर्न, इंद्रप्रस्ट्थ मागट, नई दिल् ली – 110 002 2. श्री थरवर्ंिर वसं , उप सजचर्, कारपोरेर् कायट मंत्रालय, भारत सरकार, 5744 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 5र्ां तल, ‘ए’ वर्ंग, िास्त्री भर्न, डा. रािेन्द्द्र प्रसाि रोड, नई दिल् ली - 110 001 3. श्री िलै ेंद्र मो न पाठक, अर्र सजचर्, कारपोरेर् कायट मंत्रालय, भारत सरकार, 5र्ां तल, ‘ए’ वर्ंग, िास्त्री भर्न, डा. रािेन्द्द्र प्रसाि रोड, नई दिल् ली - 110 001 सीए. (डा.) िय कुमार बतरा, ररर्र्निंग अजधकारी और सजचर् [जर्ज्ञापन-III/4/असा./466/2024-25] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 5th September, 2024 (Chartered Accountants) No. 54-EL(1)/11/2024.—In terms of the provisions of sub-rule (5) of Rule 16 of the Chartered Accountants (Election to the Council) Rules, 2006, it is notified for general information of the members at large that the Panel for enforcement of the Election Code of Conduct issued by the Returning Officer under sub-rule (1) of the aforesaid Rule for the forthcoming elections to the Council and Regional Councils shall be composed of the following persons:- 1. CA. (Dr.) Jai Kumar Batra Returning Officer and Secretary, The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi – 110 002 2. Shri Tharvinder Singh Deputy Secretary Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhavan, Dr. Rajendra Prasad Road, New Delhi -110 001 3. Shri Shailendra Mohan Pathak, Under Secretary Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhavan, Dr. Rajendra Prasad Road, New Delhi -110 001 CA. (Dr.) JAI KUMAR BATRA, Returning Officer and Secy. [ADVT.-III/4/Exty./466/2024-25] 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.

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