ICAI Asks Practicing CA’s to ensure strict compliance while Incorporating Company or LLP

The Institute of Chartered Accountant of India (ICAI) Announcement on Strict Compliance – regarding Verification/ Clarification of documents related to incorporation of a Company or a LLP by Practicing Professionals.

The Announcement is Given Below:

The MCA has communicated to ICAI that instances have been observed where practising professionals are not carrying out Due Diligence and Verification while carrying out incorporation of Company / LLP. The Verification of documents pertaining to Directors, KMP, witness to MoA, AoA and verification of Registered Office are required to be done in strict accordance with the provisions of Law.

Members may accordingly ensure strict compliance to avoid penal actions.