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ICMAI Newly Elected President and Vice President for the year 2020-21

About the President CMA Biswarup Basu has been elected as President of the Institute for the period 2020-2021. CMA Biswarup Basu is a Fellow Member of the Institute of Cost Accountants of India and an alumnus of South Point High School, Kolkata. He started his Professional career in 1985 as Management Trainee in a Multinational Company of repute and thereafter joined Bharat Coking Coal Limited in 1988 as Finance Officer. Subsequently he joined a wholly owned company of Government ..

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UDIN ICAI(Unique Document Identification Number) System

Update: UDIN generation in bulk for Certificates is now available on UDIN Portal. Using this facility now the members will be able to generate UDIN in bulk (uptil 300) in one go. The complete System of UDIN (Unique Document Identification Number) is designed and developed for ICAI by New Delhi Based Software Company Binarysoft Technologies. The system of Unique Document Identification Number has been launched as it was being noticed that financial documents and certificates were bein..

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CPA Australia and CPA Program: Leadership skills for the future

Ashish Malik, CPA (Aust.), associated as a DGM, finance/IT transformation with Sun Pharma, the fourth-largest speciality generic pharmaceutical company in the world, believes in developing his skills for future leadership roles. With techno-functional expertise, he acts as a bridge between finance and IT functions and manages all finance automation projects, and is a subject matter expert for SAP Business Planning and Consolidation and internal and statutory audit compliance. Before seekin..

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ICSI releases the Code of Conduct for Election to Council from EIRC - 2021

ELECTION TO THE 13th COUNCIL OF ICSI FROM EIRC - 2021 Dated 21st June, 2021 ELECTION CODE OF CONDUCT FOR OBSERVANCE BY THE CANDIDATES AND THEIR AUTHORISED REPRESENTATIVES DURING THE ELECTION 1. Candidates and their authorized representatives should acquaint themselves with and strictly adhere to the provisions of the Elections Code of Conduct, the Company Secretaries (Election to the Council) Rules, 2006, the Company Secretaries Act, 1980 and the Company Secretaries Regulations, 1982.&nb..

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ICSI celebrates 33rd PCS Day

On 15th June, 1988, Company Secretaries in Practise were accorded with the most remarkable recognition of certifying Annual Returns under the erstwhile Companies Act, 1956. Since then the Institute of Company Secretaries of India celebrates 15th June as PCS Day every year. To commemorate the occasion this year, the Institute organised a webinar on a theme relevant to the present times “Sustaining the Challenging Times: Passion, Innovation & Technology”. Shri V Muraleedharan, U..

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Information System Audit - Assessment Test (ISA - AT), July 2021

IMPORTANT ANNOUNCEMENT Subject: Information System Audit - Assessment Test (ISA - AT), July 2021 Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test (Old as well as New Syllabus) which is open to the members of the Institute will be held on 31st July 2021 (Saturday) from 9.00 AM to 1.00 PM (IST) at the following cities provided that sufficient number of candidates offers themselves to appear there from.   Sl. No. ..

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ICAI Postpones Special Examination for Members of Institutions whom ICAI had entered into MRAs/MOUs

IMPORTANT ANNOUNCEMENT Postponement of Special Examination for Members of Institutions with whom ICAI had entered into Mutual Recognition Agreement (MRAs) / Memorandum of Understanding (MOUs), June 2021 It is hereby announced for general information that in view of the ongoing spurt of the COVID- 19 pandemic and in the interest of the well-being of students, the Chartered Accountant - Special Examinations Under MRA / MOU scheduled to be held from June 26th to 29th 2021 stand rescheduled an..

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CPA Australia and CPA Program: Grow as a leader

Navita Goel CPA (Aust.), a global delivery manager at a leading IT-ERP company in India, is driven to succeed in her career by boosting her leadership skills and enriching her global expertise through a global designation like the CPA Australia designation. After obtaining her chartered accountant designation from the Institute of Chartered Accountants of India (ICAI) in 2004, Goel landed her dream job as a Financial Analyst (EMEA Region). "In this role, my manager used to rely on me ..

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Extension of ICSI UDIN Amnesty Scheme till 15th June 2021

ICSI UDIN AMNESTY SCHEME, 2021 LAST DATE EXTENDED = JUNE 15, 2021 Dear Professional Colleague, The Institute introduced the ICSI UDIN Amnesty Scheme, 2021 considering the practical problems in generating the UDIN and other difficulties being faced by the members due to Covid-19. The Amnesty Scheme was effective from April 20, 2021 to May 15, 2021 and the same was extended upto May 31, 2021. The Scheme serves as a one time opportunity to the members to revoke, modify and generate (if misse..

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ICAI invites comments on the Chartered Accountants (Amendment) Regulations, 2021

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 27th May, 2021 (Chartered Accountants) No.1-CA(7)/198/2021.- The following draft of certain regulations further to amend the Chartered Accountants Regulations, 1988, which the Council of the Institute of Chartered Accountants of India proposes to make, is hereby published, as required by sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (38 of 1949) for the infor..

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ICAI releases Exposure Draft for Amendments to the Guidance Note on Accounting for Derivative Contracts w.r.t. IBOR Phase 2 Replacement Issues

Accounting Standards Board The Institute of Chartered Accountants of India 1st June, 2021 Exposure Draft for Amendments to the Guidance Note on Accounting for Derivative Contracts w.r.t. IBOR Phase 2 Replacement Issues Interbank Offered Rates (IBORs), e.g., LIBOR, TIBOR, NIBOR, etc. play an important role in global financial markets and index (benchmark) a variety of financial products including derivatives. Market developments have undermined the reliability of some existing benchmarks...

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ICAI President's Message - June 2021

My Dear Professional Colleagues, India amidst the ongoing pandemic is audaciously moving forward by taking all possible measures to combat this lethal virus. The global pandemic has tuned into world’s blistering hotspot of pandemic with virulent whirlwind crippling the life. The second wave is very different from the first wave with exponential spread of disease and painful loss of several lives. After one full year from the time when stringent lockdown was first put in place, various S..

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