The Parliamentary Panel/ Standing Finance Committee has submitted its report on the amendments introduced in the CA, CWA and CS (Amendment) Bill, 2021 in the Loksabha on 23/03/2022, as the proposed legislation was referred for examination by the Speaker to the Committee after considering representations from the concerned Institutes (ICAI, ICoAI and ICSI) and consultations with the MCA.
ICAI is expected to discuss the said report/ recommendations of the Standing Committee, in a meeting of the Past Presidents of the Institute which is scheduled to be held on 06/04/2022, in view of the fact that certain suggestions of ICAI have not been accepted by the Standing Committee, while framing the Report on CA, CWA and CS (Amendment) Bill, 2021. The ICAI is carrying out an Impact Analysis of the said Report and is likely to decide the future course of action after due deliberations.
Report of the Parliamentary Panel/ Standing Committee on Finance dt. 21/03/2022 in the matter of CA, CWA and CS (Amendment) Bill, 2021