Legal Privileges

Legal Privileges to Cost and Management Accountants

Sr. Description Law Section / Rule
01 Audit of Cost Accounts Companies Ordinance, 1984 & Companies (Audit of Cost Accounts) Rules, 1998 Section 258/ SRO 846(I)/98 dated July 24, 1998
02 Appointment as Special Auditors by FBR for Income  Tax Audit Income Tax Ordinance, 2001 Section 177 (10) Income Tax Ordinance, 2001
03 Appointment as Special Auditors by FBR Sales Tax Audit Sales Act, 1990 Section 32-A of Sales Act, 1990, & SRO 539(1)/2006 dated 5th June, 2006
04 Audit & Certification of Accounts of Non Profit Organizations Income Tax Rules, 2002 Income Tax Rules, 2002 notified through SRO 774 dated 29th July, 2006
05 Audit of Financial Statements for Agricultural Borrowers Prudential Regulations for  Agriculture Financing 2014 Part C, Regulations R-20
06 Audit of Financial Statements of SMEs Prudential Regulations for Small and Medium Enterprises Financing 2013 Chapter No. 3, Regulation ME R-4
07 Audit of Financial Statements of Corporate  and Commercial Banks Prudential Regulations for Corporate / Commercial  Banking 2011 Part B, Regulations R-3
08 To Act as Legal Representative of Taxpayer Income Tax Ordinance, 2001 Income Tax Rules, 2002 Sec 223 Income Tax Ordinance, 2001 Rules 84-90 Chp XIV if Income Tax Rules, 2002
09 Delegation of Function by Assets Management Companies SECP Circular, 2013 No.24/2013 dated December 06, 2013
10 Declaration for Registration of Memorandum Companies Rules, 1985 Rule 4 (2) (ii)
11 Appointment as Committee Member on Custom matters Customs Act, 1969 Section 195 C(2)
12 Appointment as Member of Settlement Commission on Custom matters Customs Act, 1969 Section 196 K(3)
13 Appointment as Member of Tax Advisory Council Tax Advisory Council Circular, FBR Tax Advisory Council Circular, FBR
14 Appointment as Member of Tax Reforms Commission Constitution of Tax Reforms Commission C. No. 6(5) Coord/2014 dated September 25, 2014
15 Appointment as Accountant Member of the Appellate Tribunal Anti-Dumping Duties Ordinance, 2015 Rule 65(1)(a), No.2((1)/2015-Pub dated February 26, 2015
16 To Act as Legal representative in Anti-Dumping Tribunal Anti-Dumping Duties Ordinance, 2015 No.2((1)/2015-Pub dated February 26, 2015
17 To Act as Member of Small Dispute Resolution Committee Small Dispute Resolution Committees (Constitution and Procedure) Rules, 2015 Section 4(1)(b)
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