Chartered Accountants (Amendment) Regulations, 2022

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
NOTIFICATION
New Delhi, the 4th March, 2022

F.No.1-CA(7)/198/2021.—Whereas the draft regulations further to amend the Chartered Accountants Regulations, 1988 were published, as required under sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (38 of 1949), vide Notification No. 1-CA(7)/198/2021 dated the 27^th May, 2021 in the Gazette of India, Extraordinary, Part III, Section 4, inviting objections and suggestions from all persons likely to be affected thereby before the expiry of forty-five days from the date on which copies of the Gazette notification containing the draft amendments were made available to the public;

And whereas, copies of the said Gazette notification were made available to the public on the 27^th May, 2021;

And whereas, the objections and suggestions received from the public in respect of the said draft regulations have been considered by the Council;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 30 of the said Act, the Council, with the approval of the Central Government, hereby makes the following regulations further to amend the Chartered Accountants Regulations, 1988, namely:-

1. (1) These regulations may be called the Chartered Accountants (Amendment) Regulations, 2022.

(2) They shall come into force on the date of their final publication in the Official Gazette.

2. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the said regulations), in regulation 28G in sub-regulation (1), in proviso, for the words and figure, “sub-regulation (3)”, the words and figure, “sub-regulation (4)” shall be substituted.

3. In the said regulations, in regulation 29D, in the Explanation for the words “for becoming eligible for admission to Final examination”, the words “before applying for membership of the Institute” shall be substituted.

4. In the said regulations, in regulation 159, –

(i) in sub-regulation (1),- for the figure, “150”, the figure “200” shall be substituted;

(ii) in sub-regulation (1A),-for the figure, “100”, the figure “200” shall be substituted.

CA.(Dr.) JAI KUMAR BATRA, Secretary

[ADVT.-III/4/Exty./679/2021-22]

Note: The principal regulations were published in the Gazette of India, Extraordinary, dated the 1^st June, 1988 vide number 1-CA(7)/134/88 dated 1^st June, 1988 and last amended vide Notification No. 1-CA(7)/197/2021 published in the Gazette of India, Extraordinary dated 8^th July, 2021