Change in the constitution of Appellate Authority for CAs CSs and Cost Accountants
In 2015, the Ministry of Corporate Affairs in exercise of the powers conferred under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980 established an Appellate Authority consisting of nine members including the chairman.
The following four substitution has been made by the Notification dated 26th April 2024 in the composition of the Appellate Authority as per the said Notification dated 3rd November 2015:
| Sl No. | As per Original Notification | As per Amended Notification | Designation |
| 1. | Shri Justice P.K. Bhasin Judge (Retd.) High Court of Delhi, New Delhi |
Shri Justice Suresh Kumar Gupta, Judge (Retd.) High Court of Allahabad |
Chairperson |
| 2. | Dr. Navrang Saini Director (Inspection and Investigation) Ministry of Corporate Affairs, Shastri Bhawan, New Delh-110001 |
Shri Rakesh Mohan H. No. 7020, Sector – B, Pocket 10, Vasant Kunj, New Delhi- 110070 |
Member |
| 3. | Shri Praveen Garg Joint Secretary, Department of Justice, Ministry of Law and Justice, Jaisalmer House, New Delhi-110011 |
Shri Sandip Garg WTM, IBBI, 2nd Floor, Jeevan Vihar Building, Sansad Marg, New Delhi- 110001 |
Member |
| 6. | Shri Pravakar Mohanty HIG-188, Ph. VII, Sailashree Vihar, Chandrasekharpur, Bhubaneswar-751021 Odisha |
Shri Amit Anand Apte, 402, Athena Erandawane CHS Behind Dr. Shama Prasad Mukherjee Park Pune: 411004 |
Member |
- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
- Mutual Funds to value physical Gold and Silver by using the polled spot prices
- SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
- Merely because sales were declared for only one month, same cannot be treated as bogus
- ITAT deleted addition as method of accounting had been accepted in earlier years
