CA Aditya Sesh, Basiz Fund Services On Proposed Amendments to the Chartered Accountants Act, 1949

The proposed changes are deep and have long term implications. The Act itself has added a word called ‘Development’ (Chapter II; Amendment of Long Title and Preamble - the words ‘regulation and development’ is substituted in place of the word ‘regulation’) and this sets the tone for the rest of the paragraphs to follow.

What will be the implications of The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021?