Chartered Accountants Act: MCA Appoints New 3 Members to Quality Review Board [Read Notification]

The notification, published in the Gazette of India on June 30, 2025, formalizes the latest reconstitution of the Board and comes into effect from the date of publication.

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As per the official notification (G.S.R. 432(E)), the Central Government, in exercise of its powers under Section 28A, has substituted the existing names listed in serial numbers (1), (2), and (5) of the earlier notifications with the following new appointees:

1. Ms. Meenakshi Gupta, IAAS (Retd.) has been appointed as the Chairperson of the Quality Review Board. She is a seasoned officer from the Indian Audit and Accounts Service and brings decades of auditing and public financial management experience to the position. Her residential address is noted as House No. 7, Road No. 9, East Punjabi Bagh, New Delhi - 110026.
2. Shri Malladi Siva Subrahmanyam, IAAS (Retd.) has been inducted as a Member of the QRB. A 1993-batch officer of the IAAS, he also brings deep experience in public sector audits and financial governance. His address is C/o T.V. Gopala Rao, Advocate, 11-4-3/1, near Seven Hills Hospital, Nehru Nagar, Visakhapatnam - 530002.
3. Shri Naveen Singhvi, Principal Director (Commercial – II) at the Office of the Comptroller and Auditor General (CAG) of India, has also been appointed as a Member of the Board. His official address is Pocket-9, Deen Dayal Upadhyaya Marg, New Delhi - 110124.

The Quality Review Board is a statutory body constituted under the CharteredAccountants Act with the objective of conducting quality reviews of audit services provided by practicing Chartered Accountants and audit firms.

It also makes recommendations to the Council of the Institute of Chartered Accountants of India (ICAI) to improve audit quality and governance.

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The original notification constituting the QRB was published vide G.S.R. 38(E), dated January 19, 2011, and has since undergone several amendments. This latest update represents a continued effort by the government to refresh the composition of the Board and ensure that it is equipped with experienced professionals with expertise in public financial oversight.

This notification shall take effect from the date of its publication in the Official Gazette, i.e., June 30, 2025.

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