Appendix No-27 – The Chartered Accountants Act, 1949

Published in Part III Section 4 of the Gazette of India dated 31st July, 1999

23rd July, 1999

No. 1-CA(7)/43/99.– In exercise of the powers conferred by clause (ii) of Part II of the Second Schedule to the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India hereby specifies that a member of the Institute in practice shall be deemed to be guilty of professional misconduct, if he or his firm undertakes issuance of Y2K compliance certificate while the member or the firm undertakes, whether directly or indirectly, the designing and conversion of the computer system for Y2K compliance.

Explanation –

A member of the Institute in practice is permitted to carry out Y2K compliance certification of an entity along with the audit of the same entity.

Ashok Haldia

Secretary

[The Notification given in Appendix No. (28) was in operation until issuance of Council General Guidelines, 2008 – No. 1-CA(7)/02/2008 dated 8th August, 2008, given at Appendix No. (34)]

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