Nomination of Member in Quality Review Board of ICAI

## Policy Analysis Report: Amendment to G.S.R. 38E (Chartered Accountants Act, 1949) **1. Executive Summary:** This report analyzes an amendment to the Government of India's notification G.S.R. 38E, dated January 19, 2011, which pertains to the Chartered Accountants Act, 1949. The amendment, issued via notification G.S.R. 748(E) on September 30, 2022, substitutes the entry for serial number 3, effectively changing a member within the relevant body. This report provides an overview of the amendment, its rationale, the specific change implemented, the target audience, inferred implementation aspects, and the expected impact of the change. **2. Introduction:** This report aims to provide a clear and concise understanding of the amendment to the Government of India's notification G.S.R. 38E concerning the Chartered Accountants Act, 1949, as detailed in the provided government policy text. The analysis is strictly based on the information available within the document. **3. Policy Overview:** * **Original Policy Amended:** G.S.R. 38E, dated January 19, 2011, pertaining to the Chartered Accountants Act, 1949. * **Core Objective(s):** Based on the text, the core objective of the original policy relates to the Chartered Accountants Act, 1949 (38 of 1949). The notification concerns the composition or membership of a relevant body related to this act. The overall objective is likely the effective regulation and administration of the Chartered Accountancy profession in India. **4. Background and Rationale:** This amendment appears to be a periodic update to the composition of a committee or body established under the Chartered Accountants Act, 1949. The specific amendment replaces one member with another. The reason for this change is likely due to a change in personnel within the Ministry of Corporate Affairs. **5. Key Provisions / Changes:** * **Specific Part of Original Policy Changed:** The amendment substitutes the entry for "serial number 3" in the original notification. * **New Rule/Provision:** The new rule/provision is the replacement of the existing entry for serial number 3 with "Shri Inder Deep Singh Dhariwal Member." It is further stated that he is the Joint Secretary, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi 110001. * **Difference/Effect of Change:** This change replaces a previous member, likely someone who held the position previously, with Shri Inder Deep Singh Dhariwal. The effect is to formally update the membership of the relevant body/committee to reflect the current personnel. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders directly affected by this amendment are: * The Institute of Chartered Accountants of India (ICAI) and its members. * The Ministry of Corporate Affairs. * Shri Inder Deep Singh Dhariwal * Potentially, individuals or organizations regulated by or interacting with the body whose membership is being updated. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Corporate Affairs is the responsible agency for implementing this change. * **Timelines/Procedures:** The amendment is effective from the date of the notification, September 30, 2022. No other specific procedures are outlined in the provided text. * **Implementation Aspects Related to Changes:** The Ministry likely updated internal records and communicated the change to relevant departments and the ICAI. **8. Expected Outcomes / Impact of Changes:** The expected outcome of this amendment is a seamless transition in the membership of the relevant body/committee. The inclusion of Shri Inder Deep Singh Dhariwal, as the Joint Secretary of the Ministry of Corporate Affairs, ensures continued representation and expertise from the Ministry on this body. There are no immediately foreseeable impacts as this is a procedural update to reflect the current personnel. **9. Conclusion:** The amendment to G.S.R. 38E, as notified on September 30, 2022, is a routine update to the composition of a body/committee related to the Chartered Accountants Act, 1949. It replaces the entry for serial number 3 with Shri Inder Deep Singh Dhariwal, reflecting his current role as Joint Secretary, Ministry of Corporate Affairs. While seemingly minor, such updates are crucial for ensuring the effective functioning and administration of the regulatory framework governing the Chartered Accountancy profession in India. This ensures that the body is appropriately constituted with the relevant expertise and authority.

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