Individuals and corporates acknowledge the chartered accountancy profession. The Supreme Court lawyer Dr Kislay Panday said that chartered accountants deserve a high magnitude of respect. Chartered accountants promote economic stability, growth, ethical aspect and transparency. He says that in India chartered accountants play a vital role. The tax system is complex because of the frequent changes. Chartered accountants prepare financial reports that help with informed decisions. Investors, stakeholders and creditors participate in the financial health of an organisation. Informed decisions pay their way to growth. The professionals working as chartered accountants deserve more respect. He also mentioned the CA protection bill and national-level awards for chartered accountants. The blog is about the Supreme Court lawyer. His potential views on the chartered accountancy profession enhance the dignity of the profession.
About Dr Kislay Panday:
Dr Kislay Panday is a prominent lawyer. He speaks theology with passion. He is a courageous soul. He had handled high-profile cases. The suits from high-profile cases play with brute power ad unlimited wealth. He shows interest in political history, law and the judicial system. He regularly read newspapers and magazines. By learning newspapers, he understood that people fight for their fundamental rights. Dr Kislay Panday handled criminal cases like the gang rape case of Bulandshahar. He is working as a chief partner in global legal corporations. He is an expert in the National company law tribunal, serious fraud investigation office, serious fraud investigation office, debt recovery tribunal, the corruption and PC act matters, complex matrimonial disputes, economic offences, PMLA cases, election matters, arbitration, and real estate. The lawyer is an expert in commercial and contractual disputes, land acquisition cases, insolvency, and bankruptcy cases.
The underprivileged people were exploited by society. And, there is a necessity for showing a supporting hand towards them. The world educated the lawyer to fight for the people suffering daily. He spoke for the people who have no voice. His interest pushed him towards different subjects. His qualifications are L.L.B., a master’s in international business management, and M.A. in Sanskrit, Urdu, Hindi and English. He has legal and international business knowledge. He has proficiency in over four languages. His language proficiency made him speak theology with passion. The people who do not believe in the law of the land created threats to him. He is a young lawyer with an identity as a bold personality for poor people. He wrote a book called “The Sovereign”. This book shows Indian politics. The book is about a series of events from the history of India. The book has interesting stories. The events and stories that shaped modern India educate the young generation. He filed a case against NBFC, the finance company. The problem ended up in favour of Dr Panday. He believes in Karma. He is planning to write several books that are about the legal system of society. ‘Awareness’ is the key to enduring justice for all in society.
CA protection bill:
Financial health promotes reputation. Chartered accountants are trapped in harassment, lawsuits, and professional misconduct. Dr Kislay Panday, a lawyer of the Supreme Court want to provide legal safeguards. In recent years there is a rise in the number of lawsuits against chartered accountants. Chartered accountants feel emotional distress because of complaints from their clients and colleagues. The protection bill has become a matter of urgency. Chartered accountants are blamed for frivolous lawsuits. The accountability of these lawsuits reduces the financial loss and reputation. The protection bill enhances the reporting quality of India. The protection bill brings a transparent financial system. The Supreme Court lawyer Dr Kislay Panday is initiating an effort to bring change to the protection bill.
National-level awards for chartered accountants:
The Supreme Court lawyers also mention the national-level awards for chartered accountants. ICAI provide an award to the students. This award motivates and shares best practices with the general public. The members demonstrate excellence as role models and create value. The sixteenth award function of ICAI is on the 10th of January, 2023. Apart from this award from the institute, the government should facilitate an award to the chartered accountants. The advantage of appreciating the chartered accountancy profession with the award is as follows:
- The award promotes a sense of achievement.
- The award provokes the chartered accountants to work hard.
- The award encourages competition between chartered accountants.
- The award attracts students towards the chartered accountancy profession.
- The award attracts foreign direct investment. Investors think about financial health and professional recognition. The national-level award promotes financial health.
Chartered accountants have professional ethics and challenges. By encouraging and protecting the chartered accountancy profession with a strong legal system, the professionals understand the importance of professional ethics. Chartered accountants contribute to the growth of different industries. The promotion of laws and awards adds value to the professionals.