This Committee assists the Council in the maintenance of the status and standards of professional qualification awarded by the ICAI. In discharging its avowed responsibility of conducting disciplinary inquiries against members whose cases ahve been referred to it by the Council upon prima facie opinion, during the period 1st April, 2001-31st August, 2002, this Committee held sittings on 38 occasions for a period spanning 78 days and at locations covering various parts of the Country During the period under report, the Committee concluded its enquiry in 83 cases, which also included cases referred toit in previous years.
The period under report saw milestones in the discharge of one of the most importtant regulatory functions of the Council. While the Council formed its primafacie opinion on as many as 272 cases and considered 126 Disciplinary Committee Reports, the Disciplinary Committee, on the other hand, had conlduded its hearing in 83 cases as a forementioned. About 100 more disciplinary cases under consideration of the Council are likely to be disposed of in few months. The number of Disciplinary Committee are 39. The following are the data pertaining to complaint cases which are in process in terms of the provisions of the Chartered Acountants Act, 1949 and the Regulationjs framed thereunder at the end August, 2002
Upto Six Months 273
Six Months to One Year Nil
One Year to Two Years 47
Two Years and above 141
A unique and rare achievement of the year was that in respect of a case referred to the Disciplinary Committee by the Council in April 2001, the former heard and concluded the hearing the submitted its Report in May 2001 and that Report was also considered by the Council in June, 2001.
The Council is confident that if the disciplinary mechanism proposed to the Central Government on 3rd August, 2002 is approved, in its entirety, the Council shall be able to consider and dispose of the disciplinary cases within a reasonable time span.
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