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Decision taken by the Council at its 241st meeting regarding part-time practitioners for Bank Panel 2005-06

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Decision taken by the Council at its 241st meeting regarding part-time practitioners for Bank Panel 2005-06

This is with reference to the decision taken by the Council at its 241st meeting, wherein it was decided that w.e.f. 1.4.2005, any member in part time practice (namely, holding Certificate of Practice and also engaging himself in any other business and/or occupation) will not be entitled to perform attest function.

In view of the above decision, members may note the following for the purpose of Bank Branch Auditors empanelment for 2005-06:-

Any firm which has Chartered Accountants whose main occupation is not practice, as partners, is entitled to apply for Bank Empanelment 2005-06. However, no weightage will be given to the part-time partner(s).

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