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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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Woman Empowerment

Empowerment can be defined to promoting women's sense of self-worth, their ability to determine their own choices, and their right to influence social change for themselves and others. This can be further explained in Dr. Devi Shetty’s (Noted Cardiologist of Bangalore) words, that when a male employee is paid a certain amount of salary, only half goes for the family whereas if paid to a woman employee ‘the entire amount goes towards family’s welfare, hence we have 90% femal..

Posted in articles |   1452 Views

ICAI President's Message - March 2021

My dear professional colleagues, It is a privilege for me to be the 69th President of The Institute of Chartered Accountants of India and I thank my Council colleagues for reposing confidence in me and electing me as President. I also thank the members for electing me to the Council for three times with good number of votes. ICAI holds to its name, years-long legacy of astounding supremacy, excellent superintendence and strong oversight mechanism accompanied by firm action; the blend of which..

Posted in news |   4527 Views

Standards on Quality Control

Background The role of auditor has evolved over a period of time. I had a good opportunity to look at some of the audit reports going back even more than 100 years. Those were the days where the auditor used to mention that they have verified the accounts and it shows true and correct view. Just couple of sentences, at best a paragraph. Now, we have a very detailed audit report with specific paragraphs and guidelines on reporting under each paragraph, besides we also have reporting under Sec...

Posted in articles |   5811 Views

Insertion of Rule specifying Companies that are not considered as Listed Companies

ANNOUNCEMENT Sub: Insertion of Rule specifying 'Companies that are not considered as Listed Companies' This is to inform you that pursuant to the amendment brought out by the Companies (Amendment) Act, 2020 in Section 2(52) of the Companies Act, 2013 i.e. Definition of Listed Company, the Ministry of Corporate Affairs has inserted Rule 2A in the Companies (Specification of Definitions Details) Rules, 2014 to specify the classes of companies which are not considered as Listed Compan..

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ICSI removes certain members from the Register of Members

  LIST OF MEMBERS WHO HAVE NOT PAID THE ANNUAL MEMBERSHIP FEES FOR THE YEAR 2020‐2021 as on 01.10.2020 Click here to view / download the attachment ..

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Members whose names stand restored w.e.f 1st October 2020 till 26th February 2021

  LIST OF MEMBERS WHO HAVE RESTORED THEIR MEMBERSHIP FROM 01.10.2020 TO TILL DATE (FOR 2020- 2021) Click here to view / download the attachment ..

Posted in news |   381 Views

Recent advisory on social-media posts 'not to curtail freedom of expression', says ICAI

Recent advisory on social-media posts 'not to curtail freedom of expression', says ICAI ..

Posted in news |   465 Views

Reducing pendency of complaints is priority: ICAI President Jambusaria

Reducing pendency of complaints is Priority: ICAI President Jambusaria ..

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Nationwide financial and tax literacy drive planned by ICAI

CA Institute plans nationwide financial and tax literacy drive ..

Posted in news |   666 Views

Exposure Drafts of Amendments to Ind AS

Accounting Standards Board The Institute of Chartered Accountants of India 18th February 2021 Sub: Exposure Drafts of Amendments to Ind AS for comments As you are kindly aware that the Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Standards are being issued/revised by the IASB from time to time. As the convergence is a continuous process, in order to remain conv..

Posted in news |   456 Views

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