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Institute of Chartered Accountants of India notifies draft Chartered Accountants (Amendment) Regulations, 2020 - invites comments within 45 days   Sep 14, 2020

The ICAI has issued a notification dated 14th September 2020 notifying the Draft Chartered Accountants (Amendment) Regulations, 2020. The following amendments are proposed:


 I. In Regulation 4: 

(i) The existing regulation 4, shall be numbered as sub-regulation (1); 

(ii) After so numbered sub-regulation (1), the following shall be inserted as sub-regulation (2), namely,- 


“(2) Notwithstanding anything contained in clause (a) or (b) of sub-regulation (1), a person who makes an application for membership of the Institute after a period of three years or more from the date of his passing the final examination and comply with other provisions of these regulations, shall be required to appear and pass such Assessment as may be approved by the Council from time to time.”


 II. In regulation 19, after sub-regulation (1), the following proviso shall be inserted, namely,- 

“Provided that a person who makes an application for restoration of his name after a period of three years or more from the date of removal of his name shall be required to appear and pass such assessment as may be approved by the Council from time to time.”   



Comments are invited from persons likely to affected within 45 days from the date of publication of the draft Regulations i.e. within 45 days from 14th September, 2020


Text of the Notification is attached   

 

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