ICAI, New Delhi. — THE COMPANY SECRETARIES ACT, 1980

To The Secretary, ICAI, New Delhi. The Secretary, ICSI, New Delhi \^zThe Secretary, ICWAI, KOLKATA Subject: Members No. 12/23/2010-PI GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, A Wlng» Shastri Bhavan New Delhi-110001 Dated, the 13th December, 2010 professional institutes enforcement agencies for criminal offences Government Sir, In recent times, there have been several instances where members of the professional Institutes have been arrested by law arrested by law Directions of Central enforcement agencies in connection with criminal offences. It has been noticed that disciplinary action is generally not initiated against such members suo motu by the professional institutes, unless and until pointed out by the Ministry. 2. Members economic functions and render services to the public. The of the public in the integrity Schedule I of the Acts specifically provides, that mis-conduct if he “ ....... institute as a result of the governing the members of the three professional Institutes discharge important confidence . Part IV of three a is vital professional Institutes member shall be brings of his disrepute action to whether deemed to be guilty of the profession or or the not related to his - of the issue of. - Mi- Wtt By Speed Post . s f professional work . Under this provision, it is not necessary that there should be professional mis-conduct; if by his action, disrepute to the Institute, it is a member brings a sufficient ground for proceeding. 3. Keeping in view the need for public confidence in the members of the professional Institutes, the the integrity of Central Government hereby issues the following directions under Section 35 of the Cost and Works Accountants Act, 1959, Section 35 Act, 1980 and Section 30C of the Company Secretaries of the Char