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June 2009

Accountants finally get a hearing aid for appeals

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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  1. Accountants finally get a
    hearing aid for appeals


Tribunal, instead of Courts, to review regulatory decisions

Chartered accountants, company secretaries and cost
accountants facing disciplinary action from their professional regulators can
now appeal to a specialised Appellate Tribunal instead of a High Court.

The appeals will be heard by professionals who have
regulatory experience and can deliver speedy decisions, an official in the
Ministry of Corporate Affairs said. The delay at the heavily burdened High
Courts often hurts the careers of many professionals who seek a review of the
disciplinary action.

(Source : The Economic Times, dated 23-4-2009)


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