test 5 – MSME

The Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.

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, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.

Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base.

• Regulate the profession of Accountancy
• Education and Examination of Chartered Accountancy Course
• Continuing Professional Education of Members
• Conducting Post Qualification Courses
• Formulation of Accounting Standards
• Prescription of Standard Auditing Procedures
• Laying down Ethical Standards
• Monitoring Quality through Peer Review
• Ensuring Standards of performance of Members
• Exercise Disciplinary Jurisdiction
• Financial Reporting Review
• Input on Policy matters to Government

Leadership

CA. Nihar N Jambusaria

President
ICAI

CA. (Dr.) Debashis Mitra

Vice President
ICAI

CA. Dheeraj Kumar Khandelwal

Chairman, Committee on MSME and Start up,ICAI

CA. Pramod Jain

Vice Chairman, Committee on MSME and Start Up,ICAI

Committee Members

• CA. Dheeraj Kumar Khandelwal ,Chairman
• CA. Pramod Jain, Vice Chairman
• CA. Nihar N Jambusaria, President (Ex-officio)
• CA.(Dr.) Debashis Mitra, Vice-President (Ex-officio)
• CA. Jay Chhaira
• CA. Prafulla P Chhajed
• CA. Tarun J Ghia
• CA. Chandrashekhar V Chitale
• CA. Shriniwas Y Joshi
• CA. Aniket S Talati

• CA. Dayaniwas Sharma
• CA. G Sekar
• CA. M P Vijay Kumar
• CA. Pramod Kumar Boob
• CA. Anuj Goyal
• CA. Prakash Sharma
• CA. Atul Kumar Gupta
• CA. (Dr.) Sanjeev Kumar Singhal
• CA. Charanjot Singh Nanda
• Shri Gyaneshwar Kumar Singh
• Adv. Vijay Kumar Jhalani

Co- Opted Members

CA. Anuj Golecha
CA. Shalini Gupta
CA. Ritesh Khandelwal
CA. Jeenendra Bhandari
CA. Atul Kumar Mansingka
CA. Rajinder Narang