Dear professional colleagues,
Sub: Request to comply with the provisions of the Companies Act, 2013.
I am extremely happy that you reposed confidence in me and CA. Nilesh S. Vikamsey, Vice President ICAI to lead the profession. We have confidence in the membership who has always been working positively in enhancing the quality of the profession and in serving to the corporates and towards public interest.
I would like to inform you that there was a meeting with the Ministry of Corporate Affairs to analyse the compliance with the provisions of the Companies Act, 2013 and Rules thereon wherein it was discussed that the members should take due care in enhancing compliance with the provisions of the Companies Act, 2013.
In this regard, I would request you to take necessary steps in ensuring the following compliances:
I would like to mention here that the above mentioned non-compliance may lead to penalties and prosecution.
I request you that in order to promote high standard of integrity and professionalism it is an essential part of the Professional duty of the Chartered Accountants to ensure compliance of various statutory and other regulatory requirements with regard to the relevant provisions of the Acts which regulate the functioning of Companies and LLPs.
We request you to please follow the highest standards of professionalism and best practices.
(CA. M. Devaraja Reddy)
The Institute of Chartered Accountants of India