ICAI Web TV to start streaming content on July 1

“The Institute of Chartered Accountants of India will begin streaming content on its new Web TV from July 1. Educative videos will be hosted on the Web TV. All important, live events of ICAI would be beamed live on Web and mobile platforms,” Mr G. Ramaswamy, President, ICAI, told journalists here today. He also said that ICAI has launched a ‘Certificate Course on Indirect Taxes' which would first be held in Bangalore on July 9; other cities will follow. Mr Ramaswamy said that the Institute is in the process of bringing out “guidelines and rules” for conversion of existing chartered accountants firms to ‘limited liability partnership' entities. He said that most firms wished to convert themselves into LLPs. (Such conversion, legally allowed recently, has advantages — unlimited number of partners (against 20 now) and limited liability of the partners.) ICAI will hold a Global Commerce Education Summit on July 15 in New Delhi, meant mainly for Vice Chancellors of various universities and Heads of department of commerce and management. The summit, to be inaugurated by the Union Minister for Human Resources Development and Telecommunications, Mr Kapil Sibal, would provide a platform to “view the new paradigm for commerce and professional accountancy education in India,” Mr Ramaswamy said. The summit would also deliberate on issues and challenges faced by commerce and accounting education in India. ICAI intends to organise another conference in July in New Delhi, where all ambassadors stationed in Delhi will be invited to sensitise them on how the Institute could contribute to the accounting profession in their countries. “For example, ICAI can help in IFRS-training,” Mr Ramaswamy said. - www.thehindubusinessline.com