NON-ACADEMIC ICAI UPDATE (NOT RELEVANT FOR EXAMS BUT FOR GENERAL AWARENESS)
Please find the text of the Strict Compliance demanded by ICAI from Professionals notification below –
Strict Compliance demanded by ICAI from Professionals
|Corporate Laws & Corporate Governance Committee|
The Institute of Chartered Accountants of India
28th April, 2022
|Sub: Important Message: Strict Compliance – regarding Verification/Clarification of documents related to incorporation of a Company or a LLP by Practicing Professionals.|
|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.
Chairperson and Vice Chairperson
Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India
Official Link of Strict Compliance demanded by ICAI from Professionals can be accessed from below –
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