The
Institute of Chartered Accountants of India (ICAI) is a statutory body
established under the Chartered Accountants Act, 1949 for the regulation
of the profession of Chartered Accountancy in India. ICAI is
celebrating 70th year of its meaningful existence with excellence,
anchoring the aspirations and bringing inclusive growth for its
stakeholders ever since its inception.
The affairs of the ICAI
are managed by a Council in accordance with the provisions of the
Chartered Accountants Act, 1949 and the Chartered Accountants
Regulations, 1988. The Council constitutes of 40 members of whom 32 are
elected by the Chartered Accountants and remaining 8 are nominated
by
the Central Government generally representing the Comptroller and
Auditor General of India, Ministry of Corporate Affairs, Ministry of
Finance, Securities and Exchange Board of India and other stakeholders.
The 24th Council of ICAI was recently elected for a term of 3 years (2019-22) & has been notified in the Gazette of India.
Today,
on February 12, 2019, ICAI elected its new Torchbearers CA. Prafulla P.
Chhajed as the President and CA. Atul Kumar Gupta as the Vice-President
for year 2019-20.
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| Brief Profile |
CA. Prafulla P. Chhajed, President, ICAI |
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A crusader of inclusive growth in accountancy
profession, CA. Prafulla P. Chhajed has been elected as President of The
Institute of Chartered Accountants of India on February 12, 2019 for
the term 2019-20. He is 67th President of the Institute.
With
commendable professional acumen and standing, at present, he is the
Chairman of Board of Directors of ICAI-ARF (Accounting Research
Foundation) and XBRL India. He is also one of the Directors of Indian
Institute of Insolvency Professionals of ICAI, which incidentally is the
first Insolvency Professionals Agency (IPA) of India. He is also on the
Boards of various other reputed companies/ corporate and banks.
Coming from the industrial capital of India, i.e. Mumbai, CA. Prafulla
Chhajed has a very well-defined vision and mission, which is to pursue
the agenda of inclusive growth and take the Institute and accountancy
profession of India to greater heights so that its members could stand
tall and strong before the accountancy fraternity of the world.
In the last 16 years, CA. Prafulla P. Chhajed has contributed more than 600 articles and write-ups on Taxation and Investments in the well-known Marathi daily- Maharashtra Times.
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CA. Atul Kumar Gupta, Vice-President, ICAI |
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CA. Atul Kumar Gupta is a fellow member of the
Institute of Chartered Accountants of India and the Institute of Cost
Accountants of India, besides a Law Graduate. Hailing from Delhi, he is
also member of various other professional bodies and Institutions. CA.
Atul Gupta is a thorough scholar and has qualified CA examination with
All India Rank.
An altruistic hard-worker bestowed with
exceptional organisational, networking, administrative and leadership
skills, at present, he is serving as Director of Accounting Research
Foundation (ARF) of ICAI for promoting research in field of Accounting
and XBRL India and is Member of more than 15 Committees of ICAI. He is
also a Member of Advisory committee for GST in GSTN Board (Government of
India IT Initiative for implementation of GST in India) and Member of
Finance Committee of Delhi Management Association.
CA. Atul
Gupta has authored several books & his articles have also been
published in leading newspapers and various professional magazines
across the country.
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