Date: 2014-03-01Category: Extra OrdinaryState: Union GovernmentCountry: India
The Central Govt, with effect from the date of publication of the notification in the Official Gazette, hereby makes the following amendments in the notification of the Govt. of India, in the Ministry of Corporate Affairs, number G.S.R. 38(E), dated the 19th January, 2011.
Executive Summary:
This notification, issued by the Ministry of Corporate Affairs on February 28, 2014, amends notification G.S.R. 38 E, dated January 19, 2011, concerning the Chartered Accountants Act of 1949. The amendment, effective from the date of publication in the Official Gazette, substitutes entries for specified serial numbers related to members of the Institute of Chartered Accountants of India.
Key Points / Main Content:
* **Amendment Details:**
* Notification G.S.R. 131(E) amends the Ministry of Corporate Affairs notification G.S.R. 38(E) dated January 19, 2011.
* The amendment is made under the powers conferred by section 28A of the Chartered Accountants Act, 1949.
* Changes are effective from the date of the notification's publication in the Official Gazette.
* **Substitution of Entries:**
* Serial numbers 2, 7, 8, 9, 10, and 11 and their associated entries in the original notification are replaced.
* The following individuals and their affiliations are instated:
* Shri P. Murali Mohana Rao, Member, Hyderabad.
* CA K. Raghu, Member, President, Institute of Chartered Accountants of India.
* CA Manoj Fadnis, Member, Indore, Vice President, Institute of Chartered Accountants of India.
* CA Subodh K. Agarwal, Member, Immediate Past President, Institute of Chartered Accountants of India.
* CA Rajkumar S. Adukia, Member, Mumbai.
* CA Charanjot Singh Nanda, Member, New Delhi.
* **Reference to Original Notification:**
* The original notification, G.S.R. 38(E), was published on January 19, 2011.
* It was subsequently amended on September 16, 2011, June 12, 2012, and June 21, 2012.
Impact Analysis:
* **Institute of Chartered Accountants of India (ICAI):**
* Impact: The notification impacts the composition and representation of the ICAI by formally recognizing changes in its leadership and membership.
* Action Required: Update internal records and communicate these changes to relevant stakeholders, including members and regulatory bodies.
* **Members Listed (Shri P. Murali Mohana Rao, CA K. Raghu, CA Manoj Fadnis, CA Subodh K. Agarwal, CA Rajkumar S. Adukia, CA Charanjot Singh Nanda):**
* Impact: Formally recognizes their positions/status within the Institute.
* Action Required: Ensure their information is accurately reflected in the official records and directories of the ICAI and comply with any associated duties or responsibilities.
* **Ministry of Corporate Affairs:**
* Impact: The notification formalizes the Ministry's regulatory oversight and its role in amending notifications related to the Chartered Accountants Act.
* Action Required: Maintain accurate records of the amended notification and ensure its accessibility to the public.
Key Entities Referenced
Chartered Accountants Act, 1949: Indian legislation that governs the regulation of the profession of Chartered Accountancy.
Ministry of Corporate Affairs: The Indian government ministry responsible for the administration of the Companies Act and other related acts and rules.
New Delhi: The capital city of India, where the notification is issued from.
Shri P. Murali Mohana Rao: Member mentioned in the notification
Hyderabad, Telangana: City in Telangana where Shri P. Murali Mohana Rao resides
Institute of Chartered Accountants of India: Professional accounting body in India.
CA Manoj Fadnis: Member and Vice President of Institute of Chartered Accountants of India mentioned in the notification
Mumbai, Maharashtra: City in Maharashtra where CA Rajkumar S. Adukia resides
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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 28th February, 2014
G. S.R. 131(E).—In exercise of the powers conferred by section 28A of the Chartered Accountants Act, 1949 (38
of 1949), the Central Government, with effect from the date of publication of the notification in the Official Gazette, hereby
makes the following amendments in the notification of the Government of India, in the Ministry of Corporate Affairs,
number G.S.R. 38 (E), dated the 19th January, 2011, namely:—
In the said notification, for serial numbers (2), (7), (8), (9), (10) and (11) and the entries relating thereto, the
following serial numbers and entries shall be substituted, namely:—
‘‘(2) Shri P. Murali Mohana Rao, -Member"
6-3-655/2/3, Somajiguda
Hyderabad-500082.
‘‘(7) CA K. Raghu, -Member"
President,
Institute of Chartered Accountant of India
‘(8) CA Manoj Fadnis, -Member"
Indore,
Vice President
Institute of Chartered Accountant of India
‘‘(9) CA Subodh K. Agarwal, -Member"
Immediate Past President
Institute of Chartered Accountant of India
‘‘(10) CA Rajkumar S. Adukia, -Member"
Mumbai
‘‘(l1) CA Charanjot Singh Nanda, -Member"
New Delhi
[F. No. 1/15/20 10-PI]
MANOJ KUMAR, Jt. Secy.
Note:-The princip notification was published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i)
vide number G.S.R. 38 (E), dated the 19th January, 2011 and subsequently amended vide numbers G.S.R. 684(E),
dated the 16th September, 2011, G.S.R. 441 (E), dated the12th June 2012 and G.S.R. 486(E), dated the
21st June, 2012.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.