Monday, July 8, 2013

[aaykarbhavan] Re: ICAI-MCA-COMMITTEE -08072013






While considering Item No.23, ` Report on notes received from the Office of Hon'ble Corporate Affairs Minister and seeking comments of ICAI on – (i) Independent Oversight of Audit Firms, (ii) International studies on Mandatory Firm Rotation (MFR) with their position and opinions, (iii) Allowing Indian Chartered Accountancy firms to use internationally recognised names, (iv) Transition provisions in the ICAI guidelines on conversion of Chartered Accountant firms into LLPs, (v) Effective training opportunities for students (articled assistants) in the profession of Chartered Accountants', the President suggested that since a new Council has come into being with sizeable first time members, it would be more appropriate to deal with the matter afresh.

For the purpose, the President, in terms of the authority given to him by the Council at its 323rd meeting held in February, 2013, has reconstituted a Group with the following members:
  • CA. Manoj Fadnis, Convenor to the Group
  • CA. S. Santhanakrishnan
  • CA. Abhijit Bandyopadhyay
  • CA. Sanjiv Kumar Chaudhary
  • CA. Shriniwas Y. Joshi
  • CA. Nilesh Shivji Vikamsey
  • CA. G. Sekar
  • CA. Shyam Lal Agarwal
  • CA. Vijay Kumar Gupta
The said Group would submit its Report to the Council at its forthcoming meeting.

Dr. P.T. Giridharan, Joint Secretary would continue to act as Secretary to the above Group.


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