The Institute of Cost Accountants of India (ICMAI) has announced six significant relaxations for its members, acknowledging the severe impact of the second COVID-19 wave. These changes, effective immediately, include extended deadlines for holding Annual General Meetings, adopting annual accounts, and forwarding accounts to the Council. The election of office bearers and their tenure have also been adjusted. Furthermore, Annual General Meetings for 2021 can now be conducted via video conferencing or other electronic modes.
The Council of the Institute of Cost Accountants of India at its 331st Meeting held on 30th and 31st May 2021, has given sixrelaxations to its members, keeping in view the drastic impact of the second wave of the COVID-19 pandemic. Read the official notification and all the relaxations given, below:
NOTIFICATION
Ref. No. G/128/06/2021 Kolkata, the 1st June, 2021
In exercise of powers conferred by Regulation 146A of the Cost and Works Accountants Regulations, 1959, the Council of the Insti
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FAQ :
ICMAI has introduced these relaxations to address the drastic impact of the second wave of the COVID-19 pandemic on its members.
ICMAI has provided six relaxations to its members.
The due date for holding the Annual General Meeting of a Chapter for 2021 has been extended to 31st July, 2021, from the original deadline of 31st May, 2021.
Yes, Annual General Meetings for 2021 can be conducted through video conferencing or any other electronic mode, provided due notice is issued electronically and the required quorum is present electronically.
The consideration and adoption of annual accounts for the financial year 2020-21 are now due by 31st July, 2021. Forwarding these accounts to the Council is due by 16th July, 2021.
The date for the election of office bearers for the year 2021-22 has been automatically extended to 31st July, 2021, following the extension of the Annual General Meeting date.