Re: Use of Designation(s) other than the designation of “Chartered Accountant”

 

It has been brought to the notice of the Institute that some members are using the certain designation (s) other than Chartered Accountant in addition to the designation “Chartered Accountant! In this regard, the attention of the members is drawn on Item (7) of Part-I of First Schedule to the Chartered Accountants Act, 1949 which provides that a Chartered Accountant in practice shall be deemed to be guilty of professional misconduct if he uses any designation or expressions other than chartered accountant on professional documents, visiting cards, letter heads or sign boards, unless it be a degree of a University established by law in India or recognised by the Central Government or a title indicating membership of the Institute of Chartered Accountants of India or of any other institution that has been recognised by the Central Government or may be recognised by the Council.

Further, attention of the members is also drawn to the following paras appearing at page no. 154 of the Code of Ethics, 2009 under commentary of Item

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“It is improper for a Chartered Accountant to state on his professional documents that he is an Income-tax Consultant, Cost Accountant, Company Secretary, Cost Consultant or a Management Consultant”.

“While noting that it had already allowed its members to appear before the various authorities including Company Law Board, Income Tax Appellate Tribunal, Sales Tax Tribunal where the law has permitted the same, so far as the designation “Corporate Lawyer” is concerned, the Council was of the view that as per the existing provisions of law, a Chartered Accountant in practice is not entitled to use the designation “Corporate Lawyer”.

“The members are not permitted to use the initials ‘CPA’ (standing for Certified Public Accountant) on their visiting cards”.

“Members of the Institute in practice who are otherwise eligible may also practice as Company Secretaries and/or Cost Accountants. Such members shall, however, not use designation/s of the aforesaid Institute/s simultaneously with the designation “Chartered Accountant”.

Section 7 of the Chartered Accountants Act, 1949 also provides that every member of the Institute in practice shall, and any other member may, use the designation of a chartered accountant and no member using such designation shall use any other description, whether in addition thereto or in substitution therefor unless such descriptions indicate the membership of any other accounting body recognised by the Council in this behalf or the qualification he may possess.

In view of the above, though the members are allowed to use the description as to their qualifications however members are not permitted to use any other designation alongwith the designation ‘Chartered Accountant! Members are therefore advised to abstain from using any other designation with the designation ‘Chartered Accountant’ failing which they may be liable for disciplinary action, as per the provisions of the Chartered Accountants Act, 1949 and Rules/Regulations framed thereunder.

  1. Sagar Acting Secretary The Institute of Chartered Accountants of India

18th February, 2015

 

Announcement

General Amnesty Scheme ; For Retrospective Restoration of Membership (One Time Dispensation).

Date: January 5th, 2015

 

With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council has decided to give an opportunity by way of General Amnesty Scheme one time dispensation for restoration of their names retrospectively.

Continuation of membership entitles a member to designate himself as ‘CA’ and also other benefits of monthly Journal of the Institute, Newsletters of Regional Councils & Branches of the Institute, participation in the conferences, seminars and other programmes organised by the Institute, Regional Councils and/or Branches; regular update on programs being organised and initiatives taken for the benefit of the profession and members; emerging professional opportunities, practice area development, publications of the Institute etc.

This is an excellent opportunity to get name restored with retrospective effect. The benefit of the scheme may be availed by submitting the prescribed application in Form 9 on or before 31st March, 2015 alongwith the outstanding fee for the intervening period of name removal and restoration fee of? 1200/-.

Details of General Amnesty Scheme are given below:-

(i)Retrospective restoration of membership under General Amnesty Scheme;

Category I: The names of the members whose names are removed prior to 31st March 2014 on account of non payment of fees and not restored as on date may apply for retrospective restoration of their names under General Amnesty Scheme by filling Form 9 along with the membership fees for the year during which the name was removed and for the current year together with the fee(s) for the intervening years and the additional fee of ? 1,200/- towards restoration. To avail benefits of General Amnesty Scheme, members should submit the requisite fees and Form ‘9’ latest by 31st March 2015.

The scale of membership fee as applicable from time to time is as given below:

 

*?450/- and *?600/- where an Associate member has attained the age of 65 years as on 1st April, 2008 and 1st April 2011.

**? 1,300/- and **? 1,600/- where a Fellow member has attained the age of 65 years as on 1st April, 2008 and 1st April 2011

*?450/- and ?’*600/- where an Associate member has attained the age of 60 years as on 28th March 2013.

**? 1,300/- and **? 1,600/- where a Fellow member has attained the age of 60 years as on 28th March 2013

Example:

Where the name of an Associate member was removed from the Register of Members in the year 1991-92, the fees to be remitted with the Form ‘9’ for retrospective restoration including fee for intervening years will be as under :

  • Retrospective restoration of membership under Regulation 19 of CA Regulations, 1988: Category II: The members whose membership exists as on 01st April 2014 and continued upto 30th September 2014 but subsequently got removed as on 1st October 2014 on account of non-payment of fee are eligible for restoration of their names retrospectively under Regulation 19 of the Chartered Accountants Regulations, 1988. Such members may apply upto 31st March 2015 in Form 9 along with the membership fees e ?800/- as an associate and ^2,200/- as fellow, as the case may be, for the current year and the additional fee of ? 1,200/- towards restoration of name.

Members desirous of availing the opportunity may also apply on-line for restoration of their name by visiting www.icai.org and downloading pre-filled Form ‘9! The link is given on home page “Know Your Institute-Restore your Membership”.

  • Restoration of Certificate of Practice:

(a) The members who had held their Certificate of Practice as on 30th September, 2014 and the same had subsequently been cancelled on account of non payment of the related fee w.e.f 01st October, 2014 are eligible to have their Certificate of Practice restored retrospectively i.e from 1st October, 2014 provided application in Form 101 for restoration along with the Certificate of Practice fee of ^2,000/-[^ 1,500/- where a member has attained the age of 60 years as on 1st April, 2014] for the current year from such members is received by the Institute latest by 31st March, 2015.

  1. b) Where, the Certificate of Practice stands cancelled on or before 31st March, 2014 on account of non payment of the required fee, Certificate of Practice in such cases will be issued afresh from the prospective date, e., the date on which the

 

application for the same together with Form ‘1017 ‘6’ and the requisite fee is received by the Institute.

Members desirous of availing the opportunity may also apply online for restoration/issue of afresh Certificate of Practice by visiting www.icai.org and downloading Form ‘6’ and the payment can be made online through link “online membership payment under e-services’!

For further clarification or more details, please contact the concerned Decentralised Office of the Institute or the Head Office over Phone No. 0120- 3045997 / 3045998 or e-mail to [email protected]

  1. SAGAR Acting Secretary ICAI

FORM IV (SEE RULE 8)

1. Place of Publication New Delhi
2. Periodicity of its publication Monthly
3. Printers Name Vijay Kapur
Nationality Indian
Address Journal Section

Institute of Chartered Accountants of India, Indraprastha Marg,

Post Box 7100, New Delhi-110002.

4. Publishers Name Vijay Kapur
Nationality Indian
Address Journal Section

Institute of Chartered Accountants of India, Indraprastha Marg,

Post Box 7100, New Delhi-110002.

5. Editors Name CA. Manoj Fadnis
Nationality Indian
Address Journal Section

Institute of Chartered Accountants of India, Indraprastha Marg, Post Box 7100, New Delhi-110002.

6. Name and addresses Council of the Institute of Chartered
of individuals who Accountants of India, constituted under
own the newspaper the Chartered Accountants Act, 1949
and partners or (Act XXXVIII of 1949). There is no
shareholders holding more than one per cent of the total capital share capital.
I, Vijay Kapur hereby declare that the particulars given above are true to the best ot my knowledge and belief.

Date:                      sd/-

February 22, 2015   Vijay Kapur

Signature of publisher

 

 

 

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