ICAI Quality review Board- Foreign Tour with Prior Govt. approval

Chartered Accountant Procedures of Meetings of Quality Review Board , and Terms and Conditions of Service and Allowances of the Chair Person and Members of the Board (Amendment Rules), 2016

Ministry of Corporate Affairs

Notification

New Delhi, the 8^th February, 2016

G.S.R. 148(E).-In exercise of the powers conferred by clause (g) of sub-section (2) of section 29A read with sub-section (1) of section 28D of the Chartered Accountants Act, 1949 (38 of 1949), the Central Government hereby makes the following rules further to amend the Chartered Accountants Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chairperson and Members of the Board Rules, 2006, namely:-

1) Short title and commencement.- (1) These rules may be called the Chartered Accountants Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chairperson and Members of the Board (Amendment) Rules, 2016

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

2. In the Chartered Accountants Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chairperson and Members of the Board Rules, 2006, in rule 9, in sub-rule (2), after clause (i) (ia), the following clause shall be inserted namely:-

“(ib) The Chairperson and Members nominated by the Central Government to the Board, shall not undertake any foreign tour without the prior approval of the Central Government. Whenever such a tour is proposed, the proposal should give full justification for the tour, including its purpose, necessity and the expected outcome of the tour for the consideration of the Central Government.

[F. No.  1/30/2015/PT]
MANOJ  KUMAR. Jt. Secy