As per the answer it will be covered under under sch 2 part 2 Clause 3… Sir as per your pm analysis it is sch 2 part 1 clause 3 which seems typing error

My question is since it is submitted to bank and not Institute,  will it not be covered under sch 1 part 3 Clause 3
Why it was assumed in answer that info is given to institute 

1 answer

Ravi Staff October 6, 2017

in practical life ca firms submit data to icai for bank audit empanelment , which is latter used by authorities to do allotments 
so use of second schedule part 2 clause 3 by PM is absolutely fine, and us there is typo mistake there in file

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