Scheme for retrospective restoration of Chartered Accountant membership

ANNOUNCEMENT SCHEME FOR RETROSPECTIVE RESTORATION OF MEMBERSHIP

With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council in its 374th meeting held in March 2018 has decided to give an opportunity by way of Scheme for restoration of their names retrospectively. By availing the scheme, the members will get benefit of the seniority of membership which will be reckoned for the purpose of eligibility to fellow membership.

Continuation of membership entitles a member to designate himself as "CA" and also other benefits like monthly Journal of the Institute , Newsletters of Regional Councils & Branches of the Institute, participation in the conferences, seminars and other programmes organized by the Institute, Regional Council and/or Branch; regular update on programs being organized and initiatives taken for the benefit of the profession and members; emerging professional opportunities, practice area development, publications of the Institute etc. Further, there are new emerging professions such as Insolvency Profession for which membership of the Professional Institute is a mandatory condition.

This is an excellent opportunity to get name restored with retrospective effect. The benefit of the scheme may be availed by submitting the prescribed application in Form 9 on or before 31st March, 2018 in order to be eligible for inclusion of name in the List of Voters as on 1st April 2018 for the election to the Council/Regional Council to be held in December 2018.

However, the retrospective restoration of membership scheme shall remain in force till 30th April 2018. Members from whom Form 9 is received on or after 1st April 2018 but up till 30th April 2018 will get the benefit of retrospective restoration of membership but will not be eligible for inclusion of name in the List of Voters as on 1st April 2018 for the election to the Council/Regional Council to be held in December 2018.

Kindly note that the Certificate of Practice will be granted from the prospective date only i.e. the date on which Form 6 is received in the Regional office of the Institute.

Details of Scheme are given below:-

i. Retrospective restoration of membership;

Category I: The names of the members whose name is removed prior to 31st March 2017 on account of non payment of fees and not restored as on date may apply for retrospective restoration of their names under Scheme by filling Form 9 along with the membership fees for the year during which the name was removed and for the current year together with the fee(s) for the intervening years and the additional fee of Rs.1200/- or Rs 3000/- or Rs 4000/- as applicable towards restoration. To avail benefits of the Scheme, members should submit the requisite fees and Form - 9 latest by 30th April 2018.

The scale of membership fee as applicable from time to time is as given below:

* With effect from 28th March, 2013, the age of 65 years has been reduced to 60 years.

Restoration Fee:

*3 years are reckoned effective the financial year in which the name was removed and immediate two succeeding financial years.

Example:

Where the name of an Associate member was removed from the Register of Members in the year 1991-92, the fees to be remitted with the Form - 9 for retrospective restoration will be as under :

(ii) Retrospective restoration of membership under Regulation 19 of CA Regulations, 1988:

Category II: The members whose membership exists as on 01st April 2017 and continued upto 15th March 2018 but subsequently got removed as on 16th March 2018 on account of non-payment of fee are eligible for restoration of their names retrospectively under Regulation 19 of the Chartered Accountants Regulations, 1988. Such persons may apply upto 30th April 2018 in Form 9 along with the membership fees i.e Rs.1500/- as an associate and Rs 3000/- as fellow, as the case may be, for the current year (2017-18) and the additional fee of Rs.1200/- towards restoration of name.

Members desirous of availing the opportunity may also apply on-line for restoration of their name by visiting www.icai.org and downloading Form-9. The link is given on home page "Know Your Institute - Restore your Membership".

(iii) Restoration of certificate of Practice:

a. The members who had held their certificate of practice as on 15th March 2018 and the same had subsequently been cancelled on account of non payment of the related fee w.e.f 16th March 2018 are eligible to have their certificate of practice restored retrospectively i.e. from 16th March 2018 provided application in Form 101 for restoration along with the certificate of practice fee of Rs.3000/- for Associate and Rs 4000/- for Fellow for the current year from such members is received by the Institute latest by 31st March 2018.

b. Where, the certificate of practice stands cancelled on or before 31st March 2017 on account of non payment of the related fee, certificate of practice in such cases will be issued afresh from the prospective date, i.e., the date on which the application for the same together with Form - 6 and the requisite fee is received by the Regional office of the Institute.

Members desirous of availing the opportunity may also apply online for restoration/issue of afresh Certificate of Practice by visiting www.icai.org and downloading Form-6 and the payment can be made online through link "online membership payment under e-services".

For any clarification or more details, please contact the concerned Decentralized Office of the Institute or the Head Office over phone No. 0120-3045997 / 3045998 or e-mail to mss@icai.in

(V. SAGAR)
Secretary, ICAI