ICMAI extends time granted to undergo MCBT upto 31st December, 2022



Quick Summary
The Institute of Cost Accountants of India (ICMAI) has extended the deadline for its Mandatory Capacity Building Training (MCBT). Practising members who obtained their Certificate of Practice (COP) on or after 1st February 2019, and have not yet completed the MCBT, now have until 31st December 2022 to do so. This extension aims to prevent hardship for members seeking to renew their COP for 2022-23.

Ref. No. G/128/06/2022
NOTIFICATION
16th June, 2022

Subject: Extension of time granted to undergo MCBT upto 31st December, 2022
Re: For COP taken on and after lst Februarv, 2019

As per the Notification F.No.CWA/21/2019 dated 1st February, 2019 and subsequent corrigendum dated 8th March, 2019, "A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice".

ICMAI Extends MCBT Deadline to 31st December 2022

The practicing members who have taken the Certificate of Practice (COP) on and after 1st February, 2019 and have not undergone the Mandatory Capacity Building Training (MCBT) and desirous to renew their COP for the year 2022-23.

If the Certificate of Practice (COP) of members is not renewed for the year 2022-23 due to not undertaking Mandatory Capacity Building Training (MCBT), it might cause hardship to those members who survive exclusively on practice notwithstanding the fact that compliance of the notified conditions as per the Notification F.No.CWA/21/2019 dated 1st February, 2019 and subsequent corrigendum dated 8th March, 2019.

In view of the above, it has been decided by the Continuing Education Programme (CEP) Committee the extension of timeline be granted to the practicing members who had taken Certificate of Practice (COP) on and after lst February, 2019 to complete Mandatory Capacity Building Training (MCBT) upto 31st December, 2022 and desirous of renewing their COP for the year 2022-23"

CMA Kaushik Banerjee
Secretary

FAQ :

The deadline for completing the Mandatory Capacity Building Training (MCBT) has been extended to 31st December 2022.

Practising members who obtained their Certificate of Practice (COP) on or after 1st February 2019 and have not yet undergone the MCBT are eligible.

The extension has been granted to prevent hardship for members who rely on their practice and wish to renew their COP for 2022-23, but have not yet completed the mandatory training.

A Cost Accountant is required to undergo mandatory training before applying for a Certificate of Practice or within six months of getting it.

COP stands for Certificate of Practice.




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