Notification for National Advisory Committee on Accounting Standards - F. No. 1/5 –CL.V (Part V) - S.O. 2425 (E) - Companies Law

GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification New Delhi, 18 th September, 2014 S.O. (E).-2425 In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act 1956 (1 of 1956) . the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act, namely:- S. No. Name and Designation Post Held (1) Shri Amarjit Chopra, Chartered Accountant Chairperson, [Nominated under clause (a) of sub-section (2) of section 210A ] 2 [(2) Shri Pramod Kumar Bhattad, President, nominee of The Institute of Cost Accountants of India Member, [nominated under clause (b) of sub-section (2) of section 210A ]] 1 [(3) Shri Atul Hasmukhrai Mehta, President, Nominee of the Institute of Company Secretaries of India. Member, [nominated under clause ( b ) of sub-section (2) of section 210A].] 3 [(4) Shri Manoj Fadnis, President, Nominee of The Institute of Chartered Accountants of India Member, [nominated under clause (b) of sub-section (2) of section 210A ]] (5) Joint secretary, Ministry of Corporate Affairs. Member, [Nominated under clause (c) of sub-section (2) of section 210A ] (6) Shri Sudarshan Sen, Chief General Manager-in-Charge, Nominee of Reserve Bank of India Member, [nominated under clause (d) of sub- section (2) of section 210A ] 4 [(7) Director General (Commercial), Nominee of Comptroller and Auditor General of India Member, [nominated under clause (e) of sub-section (2) of section 210A ].] (8) Prof. I.M Pandey, Ex-faculty, Indian Institute of Management, Ahmedabad. Member, [nominated under clause (f) of sub- section (2) of section 210A ] (9) Joint Secretary, Tax Policy Law-II, Nominee of central Board of Direct Taxes. Member, [nominated under clause (g) of sub- section (2) of section 210A ] (10) Shri Rostow Ravanan, Nominee of Confederation of Indian Industry. Member, [nominated under clause (h) of sub-section (2) of section 210A ] (11) Shri Adesh Gupta Nominee of Federation of Indian Chambers of Commerce and Industry Member, [nominated under clause (h) of sub-section (2) of section 210A ] (12) Dr. Ashok Haldia Nominee of Associated Chambers of Commerce and Industry of India Member, [Nominated under clause (h) of sub-section (2) of section 210A ] (13) Shri S. Ravindran, Executive Director, Nominee of Securities Exchange Board of India. Member, [nominated under clause (i) of sub- section (2) of section 210A ] 2. The Chairperson and members shall hold office for a period of 5 [two year] from the date of publication of this notification in the Official Gazette or till the constitution of National Financial Reporting Authority under section 132 of the Companies Act, 2013, (18 of 2013) whichever is earlier. l. This notification shall come into force on 18 th September 2014. [F. No. 1/5 CL.V (Part V)] (Amardeep Singh Bhatia) Joint Secretary to the Govt. of India -------------------------- Notes:- 1. Substituted vide F. No. 1/5/2001-CL-V - Dated 18-5-2015, before it was read as, (3) Shri R. Sridharan, President, Nominee of The institute of Company Secretaries of India. Member, [nominated under clause (b) of subsection (2) of section 210A ] 2. Substituted vide F.No.1/5 /2001-CL-V (Part V) - Dated 10-9-2015 , before it was read as, (2) Dr. A.S. Durga Prasad, President, Nominee of The institute of Cost and Works Accountants of India. Member, [nominated under clause (b) of sub-section (2) of section 210A ] 3. Substituted vide F.No.1/5 /2001-CL-V (Part V) - Dated 10-9-2015 , before it was read as, (4) CA. K. Raghu, President, Nominee of The Institute of Chartered Accountants of India. Member, [nominated under clause (b) of sub-section (2) of section 210A ] 4. Substituted vide F.No.1/5 /2001-CL-V (Part V) - Dated 10-9-2015 , before it was read as, (7) Shri P Sesh Kumar, Director General (Commercial), Nominee of Comptroller and Auditor General of India Member, [nominated under clause (e) of sub section (2) of section 210A ] 5. Substituted vide F.No.1/5 /2001-CL-V (Part V) - Dated 10-9-2015 , before it was read as, one year