Council Affairs/M-626/2013 5th July, 2013
ALL MEMBERS OF THE COUNCIL

Dear Sir,

Sub: Constitution of Groups/Committee consequent to the decisions taken by the Council at its 325th meeting held on 1st, 2nd and 3rd June, 2013 at New Delhi

1.   The Council at its 325th meeting held on 1st, 2nd and 3rd June, 2013, while considering the issue raised by CA. Naveen N.D. Gupta, Council Member vide his e-mail dated 12th April, 2013 relating to process initiated for shortlisting proposed candidate for the position of Secretary of ICAI under Item No.2, `Matters of General Interest to the Profession’, decided to form a Group with the following members for identification of a suitable incumbent for the position of Secretary, ICAI by considering appointment of a head hunter, deputation from government departments, consideration of internal candidates, prescription of minimum qualification & experience and fixation of compensation package:

  • CA. Subodh Kumar Agrawal, President (Convenor)
  • CA. K. Raghu, Vice President (Deputy Convenor)
  • CA. Rajkumar S. Adukia
  • CA. S. Santhanakrishnan
  • CA. Abhijit Bandyopadhyay
  • CA. Manoj Fadnis
  • CA. Sanjay Agarwal
Shri N.P. Singh, Sr. Joint Secretary, HRD (P) would act as Secretary to the aforesaid Group.

2.   While considering an Issue raised by CA. Vijay Kumar Gupta, Council member vide his e-mail dated 14th May, 2013 giving suggestions for augmenting funds for Chartered Accountants Benevolent Fund, under Item No.2, `Matters of General Interest to the Profession’, the Council decided to constitute a Group comprising of CA. Vijay Kumar Gupta as Convenor and CA. M. Devaraja Reddy as member. The said Group would consider the suggestions made and submit their report to the Council.

Shri Shivam Kumar, Joint Secretary would act as Coordinator for the said Group.

3.   Further, while considering Item No.43, `Suggestions on modifications in the Chartered Accountants (Election to the Council) Rules, 2006 – Recommendation of the Executive Committee’, the Council decided to form Electoral Reforms Committee with the following members:

  • CA. J. Venkateswarlu, Convenor
  • CA. Sumantra Guha
  • CA. Babu Abraham Kallivayalil
  • CA. Mukesh Singh Kushwah
  • CA. Charanjot Singh Nanda
  • CA. G. Sekar
  • CA. Nilesh S. Vikamsey
Shri Rakesh Sehgal, Additional Secretary would act as Secretary to the above Group. Ms. Indu Arora, Additional Director (IT) would support on technology related issues.

The Council also decided to refer the suggestions on modification in the Chartered Accountants (Election to the Council) Rules, 2006 received from CA. Sanjay Agarwal, Council Member and CA. V.K. Jhavar, Indore, as given in the agenda papers, to the above Committee for its consideration. The Committee would consider all issues relating to electoral reforms and usage of technology in elections, and submit its Report to the Council at the earliest.

4.   While considering Item No.23, ` Report on notes received from the Office of Hon’ble Corporate Affairs Minister and seeking comments of ICAI on – (i) Independent Oversight of Audit Firms, (ii) International studies on Mandatory Firm Rotation (MFR) with their position and opinions, (iii) Allowing Indian Chartered Accountancy firms to use internationally recognised names, (iv) Transition provisions in the ICAI guidelines on conversion of Chartered Accountant firms into LLPs, (v) Effective training opportunities for students (articled assistants) in the profession of Chartered Accountants’, the President suggested that since a new Council has come into being with sizeable first time members, it would be more appropriate to deal with the matter afresh.

For the purpose, the President, in terms of the authority given to him by the Council at its 323rd meeting held in February, 2013, has reconstituted a Group with the following members:

  • CA. Manoj Fadnis, Convenor to the Group
  • CA. S. Santhanakrishnan
  • CA. Abhijit Bandyopadhyay
  • CA. Sanjiv Kumar Chaudhary
  • CA. Shriniwas Y. Joshi
  • CA. Nilesh Shivji Vikamsey
  • CA. G. Sekar
  • CA. Shyam Lal Agarwal
  • CA. Vijay Kumar Gupta
The said Group would submit its Report to the Council at its forthcoming meeting.

Dr. P.T. Giridharan, Joint Secretary would continue to act as Secretary to the above Group.

The President has desired that the first meeting of the above Groups be convened at the earliest.

Yours faithfully,
( T. Karthikeyan )
Secretary

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