Centre introduces Bill to strengthen disciplinary process of CA, CS Acts

The Bill proposes a time limit for resolving cases under investigation

In a move that would seek to both empower and strengthen their disciplinary mechanisms, the government on Friday tabled the bill to amend the laws governing the services of chartered accountants, company secretaries and cost accountants in the Lok Sabha.  

Chartered accountants, cost accountants and company secretaries come under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980, respectively.

The bill has proposed a time limit on resolving cases under investigation and enabled the institute of chartered accountants of India to take action not just against the individuals but also against firms for