Business

Who can use the designation of Charted Accountant or designatory letters as CA. ||Who can use the designation of Charted Accountant

Who can use the designation of Charted Accountant or designatory letters as CA.

According to Section 7 of the Chartered Accountants Act 1949 empowers only a person who has been enrolled as a member of the ICAI to use the designation of Chartered Accountant along with his name. In other words, it is clarified that a person who has passed the CA Final Examination with completed the prescribed period of Articleship and a course on (GMCS) General Management and Communication Skills and has enrolled himself as an Associate membership of the ICAI and continues to keep the membership of ICAI with yearly payment of prescribed membership fees in only entitled to use the designation of the name Chartered Accountant along his name and also use the desinatory letters as CA. as prefix to his name.

A person who has passed the CA Final Examination of the Institute of Chartered Accountants of India and complied with other requirements or not but has enrolled himself as a member of the ICAI (Institute of Chartered Accountants of India) is not entitled to use the designation of Chartered Accountant nor the designatory letters as CA. as a prefix to his name.

Non-members of Institute of Chartered Accountant of India

who are using the designation as Charted Accountant, or  CA. in their own interest to desist from using these designatory letters failing which suitable steps against them in accordance with the provisions of The Chartered Accountants 1949  Act,  and Chartered Accountants Regulations 1988 framed there under will be initiated without prejudice to any other penal action under the law in force for the time being.

 Penalty provision for falsely claiming to be a member etc define in Section 24  of the Chartered Accountants Act 1949.

(If you liked the Article, please follow me )

Twitter

Facebook

(Team) LTG Publication Private Limited

Recent Posts

No GST on Penalties, Late Fees/Panel Interest, fine levied or collected by RBI: GST AAR MAHARASHTRA

Case Name:- Reserve Bank of India (GST AAR Maharashtra) Appeal Number: Advance Ruling No. GST-ARA-117…

4 months ago

FINANCE BILL 2024: INSERTION OF NEW SECTION 128A IN CGST ACT 2017

Conditional Waiver to Interest/ Penalty relating to demand raised u/s 73 of CGST Act, 2017-…

4 months ago

FINANCE BILL 2024: INSERTION OF SECTION 74 A IN CGST ACT, 2017

The Finance Bill 2024, introduced in Parliament on 23rd July 2024, proposes major changes in…

5 months ago

Finance Bill 2024: Amendment to Section 16 of CGST Act, 2017

Amendment to Section 16 of CGST Act, 2017 The Finance Bill 2024, introduced in Parliament…

5 months ago

UNION BUDGET 2024: KEY HIGHLIGHTS ON INCOME TAX

The Union Finance Minister, Smt. Nirmala Sitharaman on Tuesday, presented her Seventh consecutive budget speech.…

5 months ago

E-Magazine on Tax Update Part-5 (June-2024) || Online Publication-13.07.2024

Magazine on Tax Update Part-5 (June-2024) || Online Publication-13.07.2024 Subscription Option Available  Subscription for E-GST…

5 months ago