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        Corp. Laws, SEBI & IBC

        ICAI and ICWA

        August 5, 2014

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        The Government has no role to play in clearing visits aboard of the members of ICAI and ICWAI as such visits are financed from ‘Institutes’ own funds. However, as per information furnished by the two institutes, their representative visit abroad in connection with meetings of various International Boards and Committees of which the institutes are members or with whom they have agreements for collaboration and cooperation.

        This information was given by Smt. Nirmala Sitharaman, MoS in the Ministry of Corporate Affairs in written reply to a question in the Rajya Sabha today.

        Government non-involvement in clearing institute-funded overseas visits for representative international committee participation. Government has no role in clearing overseas travel by members of professional accounting institutes when visits are financed from the institutes' own funds; such trips are representative engagements with international boards, committees, or collaboration partners, as confirmed in a ministerial written reply.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Government non-involvement in clearing institute-funded overseas visits for representative international committee participation.

                                Government has no role in clearing overseas travel by members of professional accounting institutes when visits are financed from the institutes' own funds; such trips are representative engagements with international boards, committees, or collaboration partners, as confirmed in a ministerial written reply.


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