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CPABI Activities –
A Platform for Members in Industry
Committee for Professional Accountants in Business & Industry
The Institute of Chartered Accountants of India[Set up by an Act of Parliament]
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THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
An Overview
The Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The ICAI has achieved recognition as the premier accounting body in India and today it is the second largest accounting body in the world.ICAI is the sole regulator of Chartered Accountancy profession in India. During its more than six decades of existence, ICAI has achieved recognition not only for maintaining high standards in technical, ethical areas but also for sustaining stringent examination and education standards. ICAI is playing a critical role in the core domain of standard setting, Financial reporting, Auditing, Corporate Governance, Fiscal Policies, Research and alike.In this ever changing economic environment, ICAI has all along endeavored to keep its members abreast with the professional and technological changes taking place around the globe through the process of continuous skill honing, creating awareness on capacity building, ethical technology and addressing their queries from time to time on accounting, auditing and allied matters.ICAI, as a part of its role in aiding proactive process towards better governance is called upon to interact with various regulatory/statutory authorities on issues of interest touching upon the profession and otherwise. In this process, the Institute, at regular intervals, provides technical advice and necessary inputs on matters of economic relevance and alike to various Ministries- Ministry of Corporate Affairs, Ministry of Commerce, Ministry of Finance, Ministry of HRD, ICAI also provide technical advice to various bodies –CAG, RBI, SEBI, CBDT,CBEC, IRDA etc.ICAI plays a proactive role to ensure compliance of professional ethics and Code of Conduct in terms of the Chartered Accountants Act, 1949 as well as various pronouncements issued by the Institute. ICAI not only entertains complaints from Stakeholders/ User Groups but also takes suo-motu action in cases which are brought to its knowledge through external information. The provisions under code of conduct are strict and stringent actions are taken against the defaulting members ICAI is the founder member of IFAC (International Federation of Accountants), CAPA (Confederation of Asian and Pacific Accountants), SAFA (South Asian Federation of Accountants), IIN (International Innovation Networks) and Edinburgh Group and its members are holding important positions in Boards/Committees of these organizations. The ICAI overseas Chapters continue to spearhead ICAI work program important jurisdictions globally.
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COMMITTEE FOR PROFESSIONAL ACCOUNTANTS IN BUSINESS & INDUSTRY (CPABI)
The Committee for Professional Accountants in Business & Industry is a Non Standing Committee of ICAI.
Mission
To encourage and enhance close links between the Institute and the Chartered Accountants in industries in various capacities so as to provide for them, a base of reference in terms of knowledge, expertise, skills and assistance in individual career growth through the development of extensive and intensive relationship with business organizations, Industries of various sectors, agencies of the Government, Departments and Ministries of the Central and State Government in such manner as to provide the maximum possible exposures to the world of trade, commerce, industry and Governance, while simultaneously pursuing the goal of providing the maximum of employmentopportunities.
Objectives
• To organize campus interviews for the newly qualified Chartered Accountants seeking employment through the Institute.
• To explore and develop new avenues of employment for Members in Industry.
• To provide sector specific assistance in improvement of skills of Members in Industry.
• To consider the problems and issues pertaining to the career planning, ethics and other related matters of the Members in Industry.
• To popularize the Placement Portal of the Institute.
• To bring out background materials/publications either in printed or electronic form relevant for Members in Industry.
• To organize programmes on the topics relevant to the Members in Industry.
• To develop a sector-wise data bank of the Members in Industry and continue to develop their involvement in the mainstream of the Institute.
• To encourage and recognize the Corporate entrepreneurs of our profession i.e., Corporate MDs, Chairmen, Presidents, etc. in Industry.
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• To consider the ways and means to enhance the participation of the Members in Industry in the activities of the Institute.
A GOLDEN OPPORTUNITY TO PARTICIPATE IN THE ACTIVITIES OF THE COMMITTEE FOR PROFESSIONAL
ACCOUNTANTS IN BUSINESS & INDUSTRY
The Committee for Professional Accountants in Business & Industry (CPABI) is a Non Standing Committee of ICAI. Currently there are more than 1,45,000 members working in Industry. In the recent past we have seen a sudden spurt in the members joining industry and this trend is bound to continue due to attractive job opportunities and pay packages being offered to the Chartered Accountants.
The activities of the Committee for Professional Accountants in Business & Industry (CPABI) aims to provide a complete makeover solution to the modern day Chartered Accountancy Profession
Following are the activities of the Committee for Professional Accountants in Business & Industry. I Invite Members of the Institute to participate in the below mentioned activities:
1. Recognize and project CA beyond traditional fields
CPABI serves as a platform for facilitating synchronization between the individual goal with organizational goal creating an interface between ICAI and industry and to recognize and project CAs beyond traditional fields as knowledgeable persons on all aspects in the functioning of the company, business and commerce. Please conceive events in which we can involve CFOs, CEOs and higher levels to deliberate on all issues concerning the specific industry. Such exercises will enable the CA to be versatile in all areas concerning the company and the industry, to visualize their roles on higher levels and to come in contact with higher levels of management in an informal manner. We are aware that a CA is versatile, hard working, fully devoted, capable of multi tasking and looking at the transaction from all possible angles and balancing counter acting factors. This can come out by interactive exercises, workshops, conferences covering entire gamut of the industry and attended by all management levels. If possible, you may conceive an outreach program in your company on a date convenient to us to have personal interactions.
2. Mentorship scheme
‘Mentees are able to learn from someone who has travelled the path before them!’
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CPABI has launched the Mentorship Programme requesting the experienced Members of the Institute to take up the mentorship roles & guide the mentees through this hand holding exercise.
CPABI has started the execution of the Mentorship Programme by reaching out to both the interested mentors and mentees and CPABI is receiving huge response from both the senior members and newly qualified & aspiring Chartered Accountants.Till date 56 group of mentors and mentees have been formed for the Mentorship Programme and many are in process of formation.
CPABI is hopeful that many senior & experienced CA professionals will come forward and extend their full support to the programme. For online registration please visit http://www.cmii.icai.org/Cmii_activities.asp
In fact, the initial response is very encouraging and the Scheme has been highly appreciated and CFOs and DFs have started responding their readiness and willingness to become mentors.
3. Campus Placement Programme
CPABI organises "Campus Placement Programmes" almost all over the Country twice a year for creating opportunity for both to employing organisations as well as the young professional CAs to meet and explore the possibility of having a mutually beneficial relationship in terms of employment. . The scheme has been evolved to provide an opportunity both to employing organisations as well as the young professional aspirants to meet and explore the possibility of taking up positions in Industry.
Members are requested to provide their valuable feedback/ suggestions to popularize our Campus Placement Programme so that CPABI is able to place more and more Newly Qualified Chartered Accountants in the Industry.
The Members who would liked to be involve in the above programme are requested to register online at http://www.cmii.icai.org/Cmii_activities.asp
4. Orientation programme
The Committee for Professional Accountants in Business & Industry organizes Campus Placement Programme for newly qualified Chartered Accountants, twice a year. Before the placement programme, the Committee organizes Orientation Programme for the participants with a view to brush up their soft/technical skills to face the interview process.
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The Members who are interested to be faculty or coordinate the Orientation programme at any of the centre are requested to register online at http://www.cmii.icai.org/Cmii_activities.asp
It would be appreciated if the resume including all details regarding qualification, Membership no., Experience, areas of specialization, contact address, etc. is sent at the earliest.
5. ICAI Job Portal for Experiences Chartered Accountants & Accounting Technicians Leap ahead with the myriad of information from ICAI job portal in pursuit of excellence
The Committee for Member in Industry of ICAI is, inter-alia, the one stop destination for providing the placement services to the members of the Institute. CPABI augments the venture of getting the Chartered Accountants placed in apex industries through ICAI Job Portal. The ICAI job portal supplements the existing placement assistance provided by the CPABI to the Newly Qualified Chartered Accountants and Experienced Members by providing a converging platform for the potential employers as well as the members of the institute. ICAI Job Portal has been designed on the lines of the premium job sites and aims to provide world class services free of cost to our members. The recruiting organizations are invited to avail the benefits of ICAI Job Portal.
Some of the prominent features of this portal are:-• Hot vacancy –Premium job postings services• Advanced Search Tools• Reach to Job alerts• Resume database access subscription• Unlimited writing for job advertisements• Extremely fast display of job advertisement• Facility to monitor the activities done through the account• Job messenger & email alerts• Job search facility based on functional area, industry, experience,
locations, job type etc• Hot employer /preferred employer marking facility
Members who would like to switch to other organisation can register at the Job Portal.
6. Outreach Programmes
The Committee for Professional Accountants in Business & Industry is
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organizing Outreach Programme in the Corporate having more than 25 Chartered Accountants. ICAI comes to campus of Corporate having more than 25 Chartered Accountants and does half day or full day programme free for members. The Outreach programme has been conceived with the idea of bringing the Members in Industry closer to ICAI and the broad agenda for each outreach programme is as under:
• To highlight the activities of the Institute of Chartered Accountants of India (ICAI) and the Committee for Professional Accountants in Business & Industry (CPABI).
• To interact on matters of professional interest.• To encourage new members to apply for membership.• To solicit views from members in industry about what they expect
from ICAI.• Participation of Members in Industry in research projects of ICAI.• To discuss on the topics relevant to Members in Industry.
CPABI intends to reach in the premises of more and more corporates to conduct the CPABI Outreach Programmes. I request Corporate having more than 25 Chartered Accountants to register online for conducting Outreach programme at http://www.cmii.icai.org/Cmii_Act_frm.asp?memtype=.
7. Industry Specific eGroup
The CPABI intends to form Industry Specific eGroups for the Industries like Banking, Cement, Hotels & Hospitality Education, Training & Research, Financial Services, Insurance, Petrochemicals, Power, Generation & Distribution, Telecommunications, Travel & Tourism and so on.
Terms of Reference of the Group shall be: • To identify Accounting Issues relating to Particular Specific Industry.• To identify Auditing Issues relating to Particular Specific Industry. • To identify the role that the Institute can play for that Particular
Industry. • To identify the help or the assistance which the Particular Industry
can provide to the Institute. • To identify the faculty in the Particular Industry for the CPE
programmes meant for the members and the students of the Institute.
• Any other issue which the group may consider appropriate
We request Members of the Institute to form Industry Specific eGroup on the industries the Members belong to.
8. CA CEOs Guild
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(http://www.cmii.icai.org/cfo_login_frm.asp?memtype=CEO)
This Guild is for the executive who is responsible for a company’s operations, usually the President or the Chairman of the Board.
9. CA CFOs Guild (http://www.cmii.icai.org/cfo_login_frm.asp?memtype=CFO)
The Committee for Professional Accountants in Business & Industry has set up CFOs Guild. This guild is for our members who are occupying high positions (CFO/Treasury Head/Head of Analyst, GM or above) in Industry. The Primary objective of setting up such a guild is to develop a platform where highly intellectual & talented pool of people from various organizations can discuss various issues. They can plan, formulate and strategize policies for improving the image of the Chartered Accountants in the eyes of the Industry.
10. CA Corporate Accountants Guild
This Guild is for the Members in Industry who are not covered in above two Guilds. The Primary objective of setting up such a guild is to develop and maintain an industry wise database of the members of our Institute serving in industries. Further, the guild acts as a forum where various issues concerning the profession in general and for Members in Industry in particular can be discussed.
I request Members in the industry to be a member of any of the above said guilds according to suitability by visiting www.cmii.icai.org
11. CPE Study Circles for Members in Industry
The responsibility to lead world-class organizations requires regular training specific to the industry segment and the level in which our members have been serving in industry. Realizing such requirements, the Institute has made Continuing Professional Education (CPE) mandatory for members of the Institute in industry as well. Appreciating the necessity for a unique delivery mechanism for such CPE, the Institute has introduced the concept of CPE Study Circles for Members in Industry.
The Committee for Professional Accountants in Business & Industry (CPABI) has been empowered to approve, guide and supervise the CPE Study Circles for Members in Industry, which will conduct Continuing Professional Education Programme for the Members in industry. The norms provide for the minimum number of members required and the application procedure, rules for functioning, administration and accounts of these CPE Study Circles.
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Around 121 CPE Study Circle for Members in Industry have already been formed so far by the CPABI.
I request the members who are in industry to come forward to form CPE study circle in their organization/locality and register online at http://www.cmii.icai.org/Cmii_Act_frm.asp?memtype= or send an email to [email protected]
12. Invitation to be a Resource Person
CPABI organizes Industry Specific Programme for the members in industry of various leading corporate of the country on diverse topics which are broadly relevant to the industry like International Financial Reporting System (IFRS), Direct Tax Code, XBRL, GST, Service Tax, Income-tax, Corporate Governance, Customs, Central Excise & CENVAT, Transfer Pricing, Due Diligence, Preparation of Financial Statements, Tax Audit and on the subjects related to chartered accountancy profession.
This would help in the sustenance and growth of the noble profession and to enable more competitive edge to the profession.
The Members who are interested to be associated with the Committee for Professional Accountants in Business & Industry as Resource Persons are requested to send/e-mail their resume at [email protected]. It would be appreciated if the resume including all details regarding qualification, membership no., experiences, areas of specialization, contact address, etc., is sent at the earliest.
13. eNewsletter ‘Corporate Communiqué
The Committee released eNewsletter namely ‘Corporate Communiqué. The eNewsletter is one such endeavor by the Committee for Professional Accountants in Business & Industry to share recent developments with regards to initiatives that have been taken by Committee for Professional Accountants in Business & Industry.
14. ICAI Re-Connect
The Committee has launched ICAI reconnect with the aim to communicate the privileges and other benefits of being members of the Institute so that the Chartered Accountants who are not keeping the membership status active understands its importance and renew it on continuous basis.
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15. Nominations for ICAI Awards 2016 to be organized during January 2017 at Chennai
We are pleased to inform you that the Committee for Professional Accountants in Business & Industry is organizing 10th ICAI’s Corporate Forum during January 2017 in Chennai consisting of various high profile concurrent events including ICAI Awards 2016.
ICAI Awards 2016 have been instituted to honor the best amongst the best in Industry.
These ICAI Awards 2016 are instituted to acknowledge Chartered Accountants in Industry who:
• have demonstrated excellence in the way in which they conduct their profession.
• are exemplary role models in the industry.• have created value to their company's stakeholders on a
sustainable basis.The awards shall be given in the various categories.
We request you to nominate members of the Institute whom you deem fit for grant of any award of any of the categories.
For complete details, regarding all above events, you may kindly visit www.corporatefoum.icai.org. The complete announcement shall be updated shortly.
16. Constitution of State Task Forces for Members in Industry
The Committee intends to set up State Task Forces for Members in Industry to achieve the mission and objectives of the Committee.
Terms of reference for State Task Force are:I. To hold Placement Seminars.II. To hold members in industry liaison meetings with various
industries.III. To co-ordinate with various branches regarding holding of
committee Programme.IV. To report back to the committee of special problems of members
in industry of different state.V. To hold various programme for members in industry.VI. To constitute and run industry specific study groups .
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VII. To conduct counseling sessions to members who switch over from industry to practice and vice-versa.
VIII. To discuss the various exposure drafts issued by the institute.IX. To have a dialogue with Chambers of Committee, Trade
Associations and discuss holding of Job Fairs etc.
Other salient features of the State Task Force would be:-1. Maximum number of members in these Task Forces should be
twenty only.2. Each State Task Force might constitute and run a maximum of two
industry specific study groups (as given in 1 (vi) above) whose strength should not exceed ten.
3. Industry specific study groups might focus on the following aspects: a) Business Knowledge – covering National and International outlook, production, marketing, finance, HRD, General Management, b) Accounting and Auditing issues, c) Direct and Indirect taxes etc.,
4. Heads of Branch of the Institute to coordinate the conduct of meetings and submission of reports to the CPABI.
17. Invitation to participate in ICAI-Industry HR Meet
The Committee organizes various ICAI-Industry HR Meet to discuss certain critical issues relating to the organization of Campus Placement Programme throughout the country at various centres. We solicit the presence of senior officials from your esteemed organization preferably one representative each from the HR Team, Finance Team and the experts who are involved in the recruitment process on behalf of your organization.
The discussion points in the above said meet are:
1. The various Placement Rules finalized by the Committee for Professional Accountants in Business & Industry eliciting participant’s valuable suggestions for further improving the forthcoming Campus Placement Programme of the Institute for mutual advantage.
2. Develop cost effective strategies for Campus Placement Programmes for mutual benefits.
3. Ways and means of association of ICAI with the Human Resource Development endeavors of your organization especially Chartered Accountants.
4. Over viewing the top industry tools for placement procedures.5. Identifying other areas for cooperation between ICAI and your
organization.6. Your feedback/comments about the Past Placement Programmes
targeting the various specific segments of Chartered Accountants
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organized by the Committee for Professional Accountants in Business & Industry.
Please register online at http://www.cmii.icai.org/Cmii_Act_frm.asp?memtype=
18. General Publication for the benefits of Members in Industry and Invitation to provide Articles for publishing in Business Magazines and Business Newspapers
18 (a) The Committee would like to update its existing following publications:1. Publication on Business Planning2. Publication on Sustainabilty Reporting3. Handbook for newly Qualified Chartered Accountants
The above publication are available at www.cmii.icai.org
We Invite members to come forward to provide your inputs on the above publications.
18 (b) Invitation to provide Articles for publishing in Business Magazines and
Business Newspapers
We Invite members to provide Articles for publishing in Business Magazines and Business Newspapers etc at [email protected]
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ICAI Awards 2016
“The quality of a man's life is in direct proportion to his commitment to excellence, regardless of his chosen field of endeavor”
ICAI AWARDS 2016 OBJECTIVES:
To acknowledge Chartered Accountants in industry who have demonstrated excellence in their working.
To acknowledge Chartered Accountants in the Industry who are exemplary role models.
To acknowledge Chartered Accountants who have created value to their company's stakeholders on a sustainable basis.
To acknowledge contribution of Chartered Accountants in activities of ICAI.
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CATEGORY CRITERIA
Awards will be given in various categories. These will include the following:
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ICAI Awards: CATEGORIES
CA. CFO Award(CFO/VP/GM/CRO/ Other Equivalent Position)
Subcategories:
Public Sector Banking Sector Government Department Insurance Sector Power Sector Oil & Gas Sector Manufacturing sector Infrastructure & Construction Engineering & Capital Goods Information Technology Financial Sector Service Sector Telecom Sector FMCG Sector Healthcare Sector Media and Entertainment NGO & Cooperative Sector Agriculture Sector Woman Others
CA. Business Leader(President/Chairman/ Managing Director/Director/CEO/ COO/ Other Equivalent Position)
Subcategories:
Corporate Public Sector CA Global Achiever Financial Services SME Woman Others Government Department
CA. Professional Achiever(Managers in the early or middle stage of their career)
Subcategories:
Public Sector Banking Sector Government Department Insurance Sector Power Sector Oil & Gas Sector Manufacturing sector Infrastructure & Construction Engineering & Capital Goods Information Technology Financial Sector Service Sector Telecom Sector FMCG Sector Healthcare Sector Media and Entertainment NGO & Cooperative Sector Agriculture Sector Woman Others
Awards will be given in various categories. These will include the following
I. CA Business Leader
This Category is for President/Chairman/Managing Director/Director/CEO/COO (or individuals holding equivalent positions in their organization) in the following subcategories:
a. Corporate: All Large enterprises (including Manufacturing, Trading, and Other Service Sector etc.) are covered under this category. Enterprise with annual turnover in excess of Rs. 500 crores or more than 200 employees will be considered as a Large Enterprise
b. Public Sector: This category is to acknowledge and recognize the work of Chartered Accountants who has worked in public service.
c. CA Global Achiever- This category is to acknowledge and recognize the work of Chartered Accountants who has worked outside India and/ or played a role for growth of business outside India.
d. Financial Services: All Enterprises in Financial Sector (including NBFC's, Capital
Market etc.) are covered under this category.
e. SME: All Medium/Small enterprises (including Manufacturing, Trading, Other Service Sector etc.) which are not covered in the category of “Corporate” above.
f. Woman: This category of award is to exclusively recognize woman in CA profession. (This is an additional category for woman open for all the subcategories as given.)
g. Others: All enterprises in any area other than the above listed categories are covered under this category (Section 25 companies, Educational Institutions, NGO’s, and Charitable Hospitals etc.)
h. Government Department: All members in public services are covered under this category.
II. CA CFO
This category is for professionals in Senior Management capacity. This includes positions such as CFO's, Vice President, General Manager, Chief Risk Officers, and such other equivalent positions.
III. CA PROFESSIONAL ACHIEVER
This category is for Managers who have achieved excellence in their careers and are not covered in the categories stated above in I and II above and it is intended to honor the achievements of CAs in the early or middle part of their careers.
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Sub-categories:
Each of the Outstanding CA CFO and CA Professional Achiever awards will be given separately in various sub-categories. These sub-categories will include the following:
a. Public Sector (including Government Organizations, Regulators etc.)b. Banking Sectorc. Government Departmentd. Insurance Sectore. Power Sectorf. Oil & Gas Sectorg. Manufacturing sector (including Processing, Mining, Plantations, Oil and Gas
enterprises etc.).h. Infrastructure and Construction (including Power Generation and Supply, Port Trusts,
Metro, Roads, Real Estates etc.)i. Engineering and Capital Goods Sectorj. Information Technology k. Financial Sector (including Banking, Financial Institutions, Insurance, NBFC's,
Mutual Funds etc.)l. Service Sectorm. Telecom Sectorn. FMCG Sectoro. Healthcare Sectorp. Media and Entertainment Sectorq. NGO & Cooperative Sectorr. Agriculture Sector s. Woman (This is an additional category for woman open for all the subcategories as
given.)t. Others (Section 25 companies, Educational Institutions, NGO's, and Charitable
Hospitals etc.)
THE AWARD PROCESS
The Jury, consisting of proven eminent leaders, shall be formed for judging the awards. A prominent CA firm shall be appointed to carry out the process audit. The Nomination Committee will ensure that the entire process of awards maintains highest level of credibility and professionalism. The Award process shall consist of the following three stages:
Stage 1: Inviting NominationsA Nomination committee will be constituted to invite nominations directly through applications by courier/ post or e-mail or through Internal/ Independent Research.
Applications can be made by: 1. The Chartered Accountant himself.
2. His/ Her Employer.3. Any other member of ICAI.4. Others, which the Nomination committee may deem fit.
Stage 2: Short Listing by the Nomination Committee
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The Nomination Committee will examine, review and evaluate the nominations received. Short listing shall be based on the indicative evaluation parameters and the aggregate of scores thereon. The decision regarding short listing by the committee would be final. The list of top five nominations in each sub category selected by the Nomination Committee will be sent to the Jury for their final selection.
Stage 3: Final Selection by the Jury*The Jury will consider the criteria used for short listing by the Nomination Committee along with other criteria as they deem fit. It may conduct personal interviews with the finalists, if required. The Jury will determine the winner of each sub category based on these results. The decision of the Jury will be final.
*Jury:The Jury comprises eminent personalities viz. leading Businessmen, Industrialists, representatives of National Trade Bodies, Regulators, Academicians, Heads of Universities, Past Presidents of ICAI, Journalists, Politicians, Persons from Film Industry and such other dignitaries.
Evaluation Parameters:
The Nomination Committee will finalize the parameters for evaluation. An illustrative list of parameters to be considered for each category is given below:
I. CA Business Leader Award a. Leadership skill exhibitedb. Key strategies planned and executedc. Creation of wealth for stake-holdersd. Contribution in reengineering and change Managemente. Innovations in business practices and processesf. Quality and transparency through corporate governanceg. Follows high ethical business standards & transparency in operationsh. Social responsibilities regarding environment, safety, health and/or support to
charities etci. Track record of improved financial performance of the organization while in
officej. Recognition, award(s) won & personal milestones
II. & III. CA CFO Award and CA Professional Achiever Awardk. Management of Financial Risk. l. Role in managing acquisitions, mergers, takeovers etc. m. Raising capital through innovative financial products and / or Corporate
restructuring. n. Role in regulatory and legal compliances. o. Implementation of best business and financial practices. p. Strong relationship with stakeholders. q. Positive impact on revenue and costs through innovations. r. Handling of Corporate laws & reporting requirement. s. Professional certification and training. t. Recognition, award(s) won & personal milestones
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NOMINATION GUIDELINES
1) The nominations shall only be from the members in industry.
2) One award would be conferred in each sub categories
3) A member of Nomination Committee, Process auditors and the Jury can neither be a nominee nor can they nominate any person.
4) Minimum period of service in employment should be 2 years.
5) A person who has won award in past in any category/ sub category cannot be nominated again for the same category/ sub category for another 3 years.
6) A Jury member cannot be nominated for any of the categories of awards for next 2 years.
7) Multiple nominations will be ignored.
8) Nomination Committee reserves its rights to reject nomination without providing reasons thereof.
9) The last date for receipt of nominations by the Committee is 31st October, 2016.
10) Forms to be filled online (www.corporateforum.icai.org) only and print of the submitted form along with signature and necessary documents to be sent to :
Committee for Professional Accountants in Business & Industry Secretariat ,The Institute of Chartered Accountants of India,'ICAI BHAWAN',Post Box Number 7100,Indraprastha Marg,NEW DELHI - 110 002.IndiaP: 011 30110491/ 555/ 430/526E: [email protected]
Kindly note the online submission of the form is mandatory.
NOMINATION REQUIREMENTS(All particulars mentioned below should be sent in duplicate)
1. A duly filled-in nomination form.
2. Two passports sized colored photographs.
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3. A brief description of the nominee’s organization including description of the products, services and overall strategic goals.
4. Copies of the company's latest annual report and organization chart.
5. Information on the various evaluation parameters as mentioned.
6. The financials of the company to be provided as of 31st March, 2016. The personal milestone(s) achieved up to 30th September, 2016.
7. Details of membership of other professional/social bodies
8. Details of other roles eg. Directorship / member of audit committees of other companies etc.
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Norms for CPE Study Circles for Members in IndustrySpecific Norms for members in Industry on the
formationand functioning of CPE Study Circles within India
1.0 Context
1.1 These Guidelines are issued for the formation of Study Circles, which will carry out functions as specified in this document in order to further the objectives of the Statement on Continuing Professional Education 2003, which is amended by the Council of the Institute of Chartered Accountants of India (ICAI) from time to time.
1.2 In view of the mandatory CPE credit hours requirements for members of the Institute who are in Industry, as laid down by the Council of the Institute of Chartered Accountants of India, it has been thought prudent to create another level of Programme Organising Units (POUs) to facilitate the members who are in Industry in complying with the said requirements.
2.0 Definition of a CPE Study Circle
2.1 A Study Circle is a forum of members of the Institute of Chartered Accountants of India who reside/serve in a particular geographical locality and who constitute themselves as such for the purpose of carrying out the objectives which are given hereinafter.
2.2 The constitution, formation and functioning of a CPE Study Circle are subject to the rules as given in these Norms.
3.0 Objectives of a CPE Study Circle
3.1 To help members to achieve the objectives envisaged in the Statement on Continuing Professional Education
3.2 To provide CPE learning activities to the members of the Institute for Members who are in Industry
3.3 To foster and develop professional fellowship, and exchange professional knowledge amongst the members of the Institute of Chartered Accountants of India residing/ serving in a particular locality.
4.0 Rules governing Constitution and Formation
4.1 Committee for Professional Accountants in Business & Industry (CPABI) of the ICAI is empowered to approve, supervise, support and regulate the functioning of these CPE Study Circles
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4.2 Subject to the provisos under Para 2.0 above, CPE Study Circles for members in Industry may be formed by minimum 25 and maximum 150 members in Industry.
4.3 CPABI is empowered to reduce the minimum number of members required to form these study circles
4.4 Application for the formation of CPE Study Circles for members in Industry is to be made to the Committee for Professional Accountants in Business & Industry of ICAI following the rules given below:
(i) In prescribed format as laid down in the Annexure ‘A’ to these Norms through the concerned Regional Office of the ICAI within whose geographical jurisdiction the proposed CPE Study Circle falls.
(ii) If CPABI wishes to reject the application, may deny permission for the formation of a CPE Study Circle for members in Industry. Such refusalof application will have to be recorded within 30 days of the receipt ofthe application and intimated to the applicants.
(iii) The Continuing Professional Education Committee would provide the user login ID and Password for logging in on the CPE Portal of ICAI The approval for the programme and the grant of the CPE hours would be through CPE portal only.
5.0 Rules for naming the CPE Study Circles
(i) The Study Circle so formed shall be called (name of the locality/industry etc.) CPE Study Circle for Members in Industry of The Institute of Chartered Accountants of India (as the case may be).
(ii) The name of a CPE Study Circle should not be the same or similar to that of an existing CPE Study Circle. Name of a CPE Study Circle proposed should reflect its location/Industry only. Committee for Professional Accountants in Business & Industry has the right to accept or to reject any name that has been proposed by the applicants of a CPE Study Circle.
(iii) The name of the Study Circle so formed should not be on the name of any Company/Organization and also should not reflect the names of the same.
6.0 Rules for naming the CPE Study Circles
6.1 The CPABI on approving the formation of the proposed CPE Study Circle, would send the intimation to the CPEC to update its records and register the newly formed CPE Study Circle on the CPE Portal.
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6.2 Once the CPE Study Circle is registered on the CPE Portal, the study circle may seek approval for its programmes through the CPE portal. The approval of the programmes of the CPE Study Circles would be given on the CPE Portal by CPE Committee and a copy of the said approval would also be forwarded to CPABI.
7.0 Rules for Functioning of CPE Study Circles
7.1 The CPE Study Circles shall not have their own rules and bye-laws and should not be registered under any other Act.
7.2 The CPE Study Circles shall not acquire any capital assets except one computer, one printer and related accessories.
7.3 Study Circles shall work under the guidance, supervision and control of the CPABI or any other organ of the Institute which it may develop for this purpose.
7.4 Study Circles are allowed to hold a maximum of 12 CPE hours of programmes during a month. Within this limitation, they may conduct their learning activities subject to a maximum of 6 CPE credit hours per day.
7.5 CPE Study Circles should only invite academicians and subject experts as dignitaries for the inauguration / valedictory functions, if any for their CPE programmes.
7.6 The date, topic, venue and faculty for CPE Study Circle programmes have to be routinely informed to the CPABI.
7.7 The Study Circles will also have to inform the CPABI about the participation fees charged by them to participants who are not members of the Study Circles.
7.8 CPE Study Circles shall not use the logo of the Institute on their letterhead or on any of their official stationery. Furthermore the official stationery of the CPE Study Circles should only contain the name of the Convenor/Dy. Convenor along with their postal address & other contact details like e-mail id, phone nos. etc. for correspondence without mentioning the names of organisations in which they serve. The names of the Past Conveners and other office bearers should not be mentioned on the official stationery of the CPE Study Circles. The design/style of the letterhead/envelopes should be as per Annexure ‘B’ to this Norms.
7.9 CPE Study Circles are not permitted to publish any newsletters of their own.
7.10 Administration7.10.1 CPE Study Circles are recommended to elect every year a
Convenor and a Deputy Convenor to look after the day-to-day affairs/activities of the CPE Study Circles as well as, maintaining proper accounts of the CPE Study Circle. The Convenor and Deputy Convenor of the CPE Study Circle
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for members in Industry must be a member in Industry. A person can serve as Convenor/ Dy. Convenor of a CPE Study Circle for a maximum of three terms of one year each.
7.10.2 Conveners and Deputy Conveners are not permitted to get their visiting cards printed, which contain the details of their association with their CPE Study Circle.
7.10.3 One member can become the Convenor or Deputy Convenor of only one CPE Study Circle at a time.
7.10.4 The Conveners are responsible for conducting at least one programme per month for the members of the CPE Study Circles to discuss various matters of topical interest, at such predetermined place as may be convenient to members.
7.10.5 It is suggested that the conveners send copies of the notices convening the programmes and report of such CPE learning programmes including the membership number and names of the members who had attended such programmes to the CPABI within ten days of organizing such programmes. The Convenor is also required to upload the programme details before organizing any programme and thereafter uploading the attendance thereof on the CPE Portal within 10 days of organizing a programme.
7.11 Accounts 7.11.1 CPE Study Circles are authorized to open Bank Accounts in
the names of the respective Study Circles and Conveners and Deputy Conveners are authorized to operate the accounts jointly.
7.11.2 It is suggested that every CPE Study Circle submit an annual statement of receipts and payments, income and expenditure and Balance Sheet to the CPABI. The annual statement is to be furnished within one month from the end of the fiscal year.
7.11.3 Conveners of CPE Study Circles are authorized to collect a reasonable amount per member as annual membership fee to defray the cost of holding learning activities and other incidental charges.
7.11.4 The cost of learning activities would include rent for the venue for organizing CPE programmes, refreshments/lunch/dinner for the participants, traveling cost of faculties, memento to the faculties, printing and postage for circulating the invitation for the programme to the members and printing of the background material only.
7.11.5 The responsibility for ensuring financial propriety in the financial management of the Study Circle, for production of proper audited accounts, whenever required by the CPABI or any other authorized organ of the Institute shall be that of the Convenor and Deputy Convenor.
7.11.6 The CPE study Circles are not entitled for any grant or financial assistance from the Institute of Chartered Accountants of India.
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7.11.7 It should be the endeavour of the conveners to conduct the CPE Programmes on cost competitive and self-financing basis.
7.11.8 Surplus funds of CPE Study Circles at the end of every financial year should be immediately committed for subsidizing future programmes to be conducted by CPE Study Circle. The surplus funds at the end of each financial year must be utilized within one year from the end of that financial year for the benefit of the members. A report and the plan by the CPE Study Circle should be submitted to the CPABI In case the amount remains unspent, the same shall be transferred to the Chartered Accountant Benevolent Fund of the ICAI through CPABI
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7.12 Joint Programmes
CPE Credits shall not be granted for programmes organized jointly by CPE Study Circles with any non-Programme Organising Unit. However, two or more Study Circles may jointly organize a programme or a Study Circle may organize a joint programme with other Programme Organising Units.
7.13 Monitoring of Programmes conducted by CPE Study Circles
CPABI or any other organ designated/developed by the CPABI for this purpose has the power of monitoring the programmes conducted by CPE Study Circles. Such monitoring is to be done in terms of the Advisory issued by the CPABI from time to time in these regards
7.14 Incidental and Related Matters7.14.1 There should be no restriction whatsoever placed by the
Study Circles on any member of the Institute intending to become a member of a particular Study Circle.
7.14.2 CPABI has the responsibility of publicizing the programmes intendedto be conducted by the Study Circles.
7.14.3 For the purpose of information to the general membership, the Continuing Professional Education Committee will maintain a Billboard in the CPE Portal of the Institute where Study Circles may host such information, which they deem to be of general and professional interest. The Continuing Professional Education Committee shall monitor the content of the billboard.
7.14.4 Enrolment to the programmes, organized by a particular Study Circle where CPE credit is desired should be open to the members of that Study Circles as well as other members of the Institute including those who are not members of that study circle. Reasonable fees for such enrolment may be charged for enrolling such non-Study Circle members for such a programme.
8.0 Dissolution of CPE Study Circles8.1 The CPABI has the powers to derecognize a CPE Study Circle in the
following cases:8.1.1 If the CPE Study Circle is not functioning in accordance with
the norms and other decision(s) of the CPABI Committee or the Central Council of the Institute.
8.1.2 If the CPE Study Circle is found to be working against the8.1.3 interest/policies of the Institute
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9.0 Residual Matters9.1 In the event of lack of clarity in any matter in the formation of Study
Circles or their administration, application should be made to the CPABI, which is entrusted with the responsibility for providing such clarification.
9.2 The Chairman of CPABI acting in consultation with the President of the Institute shall have absolute discretion to decide and intervene in matters concerning Programmes organized by a Study Circle, whether conducted by itself or jointly with any other body as permitted under these Guidelines, and also to9.2.1 Prescribe such additional conditions in regard to the conduct,
monitoring, content, faculty etc. for any such programme and to grant CPE credit hours to such program conditional upon compliance with any such conditions as may be prescribed, and
9.2.2 Refuse CPE Credit Hours to any such programme if in their view the grant of such CPE Credit hours is not in the overall interest of the Institute, its Programme Organizing Units, the members or for some other reason not in consonance with the policy or objectives of the CPE Committee as laid down from time to time.
9.3 The CPABI, through its administrative arm, is authorized by the Council of the Institute to intervene in any matter so as to either remove hardship or to ensure compliance with the above norms.
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Annexure A
Format of Application for seeking approval of the CPABI for forming a Study Circle by Members of ICAI who are in Industry
Date ___________
CHAIRMANCommittee for Professional Accountants in Business & IndustryTHE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA[Set up by an Act of Parliament]'ICAI Bhawan', PO Box No. 7100, Indraprastha Marg, New Delhi 110 002.
Through the Head of the Decentralized office of the ICAI under which the location of the proposed Study Circle falls
Dear Sir/Madam,
Sub: Formation of Study Circle for Members in Industry
We, on behalf of the members of the Institute of Chartered Accountants of India from………………..................(name of the locality), whose details are given below, desire to form a Study Circle for Members otherwise than in practice under the name …………………………………………………………………………………………....……
We have read the Norms framed in this respect by the Institute and we shall abide by the same.
Mr. ………………………..…… and Mr. …………...................………..……………….. have expressed their consent to be the first convener and first deputy convener of the Study Circle . We shall be pleased if the approval is granted at the earliest.
Thanking you,
Yours Faithfully,
(Convener)
(Deputy Convener)
Signatures* with Name and Membership Number, Name of the Organisation, Designation, Address of Organisation, Email ID, Mobile No. and Landline No.
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Not less than twenty five members of the proposed Study Circle
*Signatures of the members to be verified by the concerned Regional office ofthe ICAI.
Note: The details of each signatory members, (With Name, Membership Number, COP Status (whether holding or not), Name of the Organization, Designation, Address of Organization, Professional Address, Residential address, Email ID, & Mobile No.) may be given in Columnar Sheet for all Members.
Annexure B
Suggested format of Letterhead of the CPE Study Circle for Members in Industry.
--------------------CPE Study Circle for Members in Industry of the ICAI
Approval reference no. of CPABI of ICAI
The name of the Convener
Dy. Convener
Postal address
e-mail id,
Phone nos.
Fax nos
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IMPORTANT LINKS OF ICAI
Norms for CPE Study Circles forMembers in Industry
http://www.placement.icai.org/cpe.asp
CPE Calender 2016-17 http://www.placement.icai.org/ c pe.asp
Certification Programmes http://www.icai.org / post.html?post_id=3548
Online Placement Portal http://www.placement.icai.org
ICAI Job Portal http://Jobs4cas.icai.org
Regional Offices Website
WIRC - http://www.wirc-icai.org/
CIRC- http: // www.circ-i c ai.org/
NIRC- http: // www.nirc-ica i . org/
EIRC- h ttp:/ / www.eirc-i c a i . org/
ICAI Chapters Abroad http:// w w w .i c ai.or g /new_ c ategor y .html ? c_id=214
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