Home India Ministry of Corporate Affairs The Central Govt. hereby makes the following rules further t...
Date: 2014-03-04 Category: Extra Ordinary State: Union Government Country: India

The Central Govt. hereby makes the following rules further to amend the Chartered Accountants (Procedures of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007, These rules may be called the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Amendment Rules, 2014.

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, G.S.R. 141(E), issued by the Ministry of Corporate Affairs on March 4, 2014, introduces the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Amendment Rules, 2014. These rules amend the Chartered Accountants Procedures of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007, specifically rule 17, sub-rule 1, by substituting "one thousand rupees" with "five thousand rupees". These rules are enacted under the authority granted by clauses (c) and (d) of subsection (2) of Section 29A, read with subsection (4) of Section 21, and subsections (2) and (4) of Section 21B of the Chartered Accountants Act, 1949. The amendment comes into force on the date of its publication in the Official Gazette. The notification was issued by Manoj Kumar, Joint Secretary. The principal rules were originally published under notification G.S.R. 112(E) on February 27, 2007, and subsequently amended under notification G.S.R. 226(E) on March 22, 2011.

Key Entities Referenced

Ministry of Corporate Affairs: The ministry responsible for the notification. New Delhi: The location where the notification was issued. Chartered Accountants Act, 1949: The act being amended by this notification. Central Government: The governing body issuing the notification. Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007: The rules being amended by this notification. Manoj Kumar: The Joint Secretary who signed the notification. The Gazette of India: The official publication in which the notification appears. Mayapuri, New Delhi: Location of the Government of India Press.
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