The minister of corporate affairs Mr. Veerappa Moily on 12th December 2011 moved 3 bills namely; the Chartered Accountants (Amendment) Bill, 2010, the Cost and Works Accountants (Amendment) Bill, 2010 and the Company Secretaries (Amendment) Bill, 2010
These bills were to amend sub-section (2) of Section 2 of three Acts namely the Chartered Accountant Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980.
Posted in Company Secretary, Institute of Company Secretaries of India - ICSI, Truth of Our Time
Tagged Act, Amendment, Bill, Black Money, Chartered Accountants, Company, Company Secretaries, corruption, Cost Accountants, Cost and Works Accountants, Democracy, ICSI, India, India against corruption, Indian Companies Act, Limited Liability Partnership, Ministry of corporate affairs, Parliament, Profession, Professional, Rajya Sabha, Service Sector, Surrogate Firms, Whistle blower
We are facing challenge to our democracy. Apparently it is from blood less revolt by civil society now and by other groups like Naxals before; but it is not a case. Our democracy is facing long standing challenges of credibility from its most visible face, our political representatives and their way of functioning.
What is root cause of corruption in India?
Every think – tanks in India have its own reason and solution of corruption. From Kautilya to Amartya Sen, all have discussed corruption.
For study of corruption in independent India, we have two periods;
(a) Pre – economic Reform, and
(b) Post – economic Reform era.
Whistle blowing is a very hazardous job in this planet. This is particularly true for India. Here, whistle blowing is a prima-facie crime due to vast acceptance of corruption amongst above poverty line (APL) class.