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ICAI flags concerns over CA Act amendment bill to Parliamentary panel

Chartered accountants` apex body ICAI has submitted a memorandum to a Parliamentary panel, raising concerns about certain provisions in the proposed bill to amend the law governing chartered accountants in the country. The Institute of Chartered Accountants of India (ICAI) has submitted its views on the provisions, including the one pertaining to the constitution of disciplinary committee, to BJP member Jayant Sinha-led Parliamentary Standing Committee on Finance, which is looking into the bill. On December 21, the Lok Sabha referred the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, to the panel for scrutiny. The bill seeks to amend the laws governing chartered accountants, cost accountants and company secretaries.

Debashis Mitra takes over as ICAI President; Aniket Sunil Talati becomes VP

Institute of Chartered Accountants of India (ICAI) on Saturday said Debashis Mitra has been elected as its President for the 2022-23 term. Aniket Sunil Talati has been elected as Vice President of the institute, which has more than 3.40 lakh members and over 7 lakh students, according to a release. They took charge on Saturday. Mitra, who is serving his third term in ICAI Council, has been in the accounting profession for more than 34 years. Apart from being a Chartered Accountant, he is also a Cost Accountant and a Company Secretary.