Sunday, June 25, 2006

Financial Companies Regulation Bill, 2000*_RBI

Right to legal representation
25. The depositor or the financial company may either appear in person or a
or more chartered accountants or company secretaries or cost accounta
practitioners or any of its officers to present his or its case under this Ac
Board.
Explanation. - For the purposes of this section, -
a. "chartered accountant" means a chartered accountant as defined in cla
subsection (1) of section 2 of the Chartered Accountants Act, 1949 (38
and who has obtained a certificate of practice under sub-section (1) of
that Act;
b. "company secretary" means a company secretary as defined in clause
section (1) of section 2 of the Company Secretaries Act, 1980 (56 of 1
who has obtained a certificate of practice under sub-section (1) of sect
Act;
c. "cost accountant" means a cost accountant as defined in clause (b) of
(1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 19
who has obtained a certificate of practice under sub-section (1) of sect

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