Direction was given to Union of India to constitute a Committee of experts in order to look in to functioning of MAFs in India , to look in to question whether and what extent statutory frame work to enforce letter and spirit of section 25 and 29 of CA Act and statutory code of conduct for CAs require revisit so as to appropriately and regulate MAFs.
S. Sukumar v Secretary , Institute of Chartered Accountants of India ( 2018) 254 Taxman 37 ( SC)
Chartered Accountants Act, 1949
S. 21: Misconduct -Disciplinary Directorate-Multinational Accounting Firms ( MAFs)- Union of India was to be directed to constitute a Committee of Experts in order to look in to function of Multinational Accounting Firms ( MAFs) [ S. 25, 29 ]