Institute of Chartered Accountants (ICAI) and Institute of Company Secretaries (ICSI) warned its members to stop using social media for trolling the government and stop sending inappropriate emails to elected representatives or be ready to face the music.
The improvement comes after a number of chartered accountants and firm secretaries trolled the web handles of assorted government departments together with the Ministry of Corporate Affairs (MCA) and the Finance Ministry in January 2021. Their main demand was extension of timeline for numerous regulatory filings pertaining to Goods and Services Tax (GST), statutory audits and so on.
Also, the government got here out with some one-time amnesty schemes just like the Companies Fresh Start Scheme (CFSS) the place firms might settle their outdated regulatory lapses between April 1, 2020 and September 30, 2020. The same scheme was even introduced for Limited Liability Partnerships (LLPs) with the identical deadlines. Due to covid-19 and prevailing lockdowns, among the firms might not avail these schemes and professionals wished the timeline to be prolonged.
In an advisory dated February 11, ICAI stated the institute can act towards any of the chartered accountants if they bring about ‘disrepute’ to the organisation-even if such actions had been associated to their private lives.
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“Some of them have written to Ministry of Corporate Affairs and higher forums some of the posts are highly objectionable which have potential to create social and communal disharmony, threatening peace, tranquillity and may disrupt the security of the nation,” the advisory stated.
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