ICAI members holding COP needs to submit important information to ICAI

ICAI members holding COP needs to submit important information to ICAI

TO ALL MEMBERS HOLDING CERTIFICATE OF PRACTICE OF THE INSTITUTE

Sub.: Furnishing of Information to the Group constituted by the Council to examine the issues arising out of the Judgement dated 23.02.2018 of the Honble Supreme Court in S. Sukumar Vs. Union of India and CPIL Vs. Union of India. The Honble Supreme Court of India vide its Judgement dated 23rd February, 2018 in Civil Appeal No. 2422/2018, S. Sukumar Vs. ICAI and W.P. (Civil) No. 991/2013, CPIL vs. UOI & Ors. has issued certain directions to ICAI with regard to Operations of Multinational Accounting Firms in India The Council has constituted a Group to examine all the related issues in the light of the aforesaid judgement of Supreme Court and to submit a Report to the Council. The Group has decided to obtain information from all the Members holding Certificate of Practice as on 01.04.2018 who presently have or at any time in the past seven financial years had networking relationship or affiliation by whatever name called with any entity. The above information is required as on 01.04.2018 The information shall be submitted online, to be signed by all partners/sole proprietor of firm(s). One partner /managing/designated/authorised partner may submit the requisite information, if so authorized by all the partners, clearly indicating that he has been so authorized. Members/partners/firms who at present or any time in the past seven financial years had no networking arrangements or affiliation by whatever name called need not submit the information. Please note that non-furnishing of information by those who are required to furnish the same would render such members liable for disciplinary action under clause (2) of Part III of First Schedule to the Chartered Accountants Act, 1949. [ICAI may call for additional information and documents from the members and/or firms if there is a need felt later on. Please submit the aforesaid informationonlineby using the following linkhttps://www.icai.org/icaicop/latest by 30th June, 2018. Printed copy of the declaration duly signed may please be sent to the Institute by Registered/speed post at the following address so as to reach uslatest by 07 July, 2018. The Joint Secretary ( M & SS ) The Institute of Chartered Accountants of India ICAI Bhawan, A-29, Sector-62 NOIDA ( Uttar Pradessh) 201301