Baker Tilly Dhc Forms Alliance to Take on India's Big Four Chartered Accountant Firms

Source Economic Times


MUMBAI: Baker Tilly DHC, the Indian arm of Baker Tilly, has formed an alliance with five smaller chartered accountant firms in the country. Baker Tilly DHC, which currently has about 1,300 people on board including about 100 partners in India, would add more than 500 people after the integration.

As per the new operational integration design, all new firms would now come under one umbrella and called Baker Tilly DHC. Some senior partners in five firms would also get some national roles in the new firm.

Dilip B Desai, chairman, Baker Tilly DHC, confirmed the development, but refused to share the names. "This is not an outright acquisition of the smaller firms as employees and their clients would be part of Baker Tilly DHC," he said. In at least one of the five cases, Baker Tilly DHC would also make a payment to some senior partners for them to join the network.

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Institute of Chartered Accountants of India plans 'e-hearing' of disciplinary cases

Source Economic Times

NEW DELHI: To ensure faster disposal of cases as well as reduce overall costs, chartered accountants' apex bodyICAI plans to conduct hearings of disciplinary proceedings through video conferencing.

The Institute of Chartered Accountants of India (ICAI) has sent the proposal for 'e-hearing' of disciplinary cases to the Corporate Affairs Ministry.

ICAI expects the whole process of approval and rule making to be complete in the next 3-6 months. "It (e-hearing) will lead to faster disposal of cases. It will help reduce costs for the parties and the institute," ICAI President Manoj Fadnis told PTI in an interview.Currently, the disciplinary committee holds meetings where the respondent belongs to or the nearest place to him or her.Normally, such hearings happen at the regional headquarters as well as the headquarters here. "Our council has approved those rules. We have given our recommendations to the Ministry of Corporate Affairs for necessary amendments and their concurrence... this will become a reality," Fadnis said.Once the e-hearings system is put in place, the parties concerned can be heard through video conferencing platform and they would be required to file the relevant documents for hearings in advance.

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