Sub. : Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019.

As the members are aware, the revised 12th edition of Code of Ethics has come into effect from 1st July, 2020. It is accessible on www.icai.org at the following links:-

Code of Ethics Volume – I
https://resource.cdn.icai.org/55133CodeofEthics-2019.pdf

Code of Ethics Volume – II
https://resource.cdn.icai.org/60018code-of-ethics-2020vol2.pdf

Code of Ethics Volume –III (Case Laws Referencer)
https://resource.cdn.icai.org/59111esb48239.pdf

It may further be recalled that the Council at its 393rd Meeting held on 30th June and 1st July, 2020 decided that due to the prevailing situation due to Covid-19, the effective date of the following provisions of Volume-I of Code of Ethics, 2019 be deferred till further notification and an Announcement dated 1st July, 2020 was accordingly hosted on the Website of the Institute :-

1. Responding to Non-Compliance with Laws and Regulations (NOCLAR)
[Sections 260 and 360]

2. Fees - Relative Size
[Paragraphs 410.3 to R410.6]

3. Tax Services to Audit Clients
[Subsection 604]

The Council has recently decided that the provisions namely, Responding to Non Compliance with Laws and Regulations (NOCLAR) (Sections 260 and 360), Fees-Relative Size (Paragraphs 410.3 to R410.6) and Tax Services to Audit Clients (Sub-section 604) contained in Volume-I of Code of Ethics, 2019, the applicability of which was deferred earlier, be made applicable and effective from 1st April, 2022.