ICAI

Should there be more than one ICAI Vice President ?

Should there be more than one ICAI Vice President? This is one of the terms of reference of the group constituted by ICAI  for review of the existing term of the Council. The announcement of ICAI is as under:

Council Affairs/M-626/2016 11th May, 2016
ALL MEMBERS OF THE COUNCIL

Madam/Dear Sir,

The President, in terms of the authority given to him by the Council at its 351st meeting held on 12thFebruary, 2016 has constituted a Group for review of existing term of the Council.

The following are the Terms of Reference of the Group:-

  • To review and make recommendation to the Council in the matter of:-
    • Restriction of three consecutive terms
    • Term of the Council
    • Whether there should be more than one Vice-President, if yes, to suggest methodology and operational areas
  • Any other related matter the Group would like to recommend.

The composition of the Group is as under:-

  • CA. Sanjiv Kumar Chaudhary, (Convenor)
  • CA. Tarun J. Ghia
  • CA. Nihar N. Jambusaria
  • CA. Madhukar N. Hiregange
  • CA. G. Sekar
  • CA. (Dr.) Debashis Mitra
  • CA. Ranjeet Kumar Agarwal
  • CA. Shyam Lal Agarwal
  • CA. Prakash Sharma
  • Shri Vijay Kumar Gupta

Shri G. Ranganathan, Deputy Secretary would act as Secretary to the aforesaid Group.

The Group is expected to submit its recommendations at the next meeting of the Council to be held in June/July, 2016

Yours faithfully,
( V. Sagar )
Secretary
Share

Recent Posts

  • Income Tax

Exemption u/s 54 allowed despite failure to deposit in Capital Gains Accounts Scheme

ITAT allows exemption u/s 54 allowed despite failure to deposit the amount in Capital Gains Accounts Scheme and new asset…

17 hours ago
  • Income Tax

No addition to be made in hands of assessee solely on basis of uncorroborated loose-sheet

Addition cannot be made in the hands of the assessee solely on the basis of uncorroborated loose-sheet - ITAT In…

23 hours ago
  • Income Tax

Claim of Leave Encashment exemption u/s 10(10AA)(ii) dismissed beyond Rs. 3 lakhs

ITAT dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs In a recent judgment, ITAT Ahmedabad has…

1 day ago
  • Income Tax

AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT

Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…

2 days ago
  • Income Tax

Shareholders can’t be taxed for income from properties owned by the company – HC

Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…

2 days ago
  • Income Tax

Jurisdictional error in reassessment approval can’t be shielded by the law of limitation

When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…

2 days ago