The Institute of Chartered Accountants of India (ICAI) organised its annual convocation today i.e. on January 24, 2018 to award certificates of membership to over 2500 new members and facilitate rank holders of the recent CA examinations at New Delhi. The Convocations at8 centres across India were also organisedtoday in the other 4 regions i.e. East, West, South & Central region of ICAI
ShriInjeti Srinivas, Secretary, Ministry of Corporate Affairs was the Chief Guest at the ceremony organised at New Delhi. The gathering was also addressed by CA. Naveen N. D. Gupta, Vice-President, ICAI and Central Council Members, ICAI.
ShriInjeti Srinivas IAS, Secretary, Ministry of Corporate Affairs, Govt. of India congratulating the new Chartered Accountants said, “The fact that the institute (ICAI) is set up by an act of parliament is an endorsement that Chartered Accountants perform a critical role in nation building. In this context, the newly inducted CAs should feel empowered but these powers also come withlot of responsibilities. They should be aware that the Chartered Accountant Act also has built in safeguards to protect the accounting professionals from unnecessary interferences in their work.”.
CA. Naveen N.D. Gupta, Vice- President ICAI said, “This is a special day for the newly qualified Chartered Accountants,the chosen ones. This convocation is a platform for us to welcome all of you into the folds of the profession. I exhort everyone to always think big and ensure that whatever you do brings glory not only to the profession but also makes the country proud. With this Convocation, you are entering into a domain where you carry a huge responsibility of showing accounting prudence which would ultimately help the government and the society at large.”
The ICAI conducts Convocation twice every year to award Certificate of Membership to newly enrolled Members as bonhomie to the CA fraternity.The Convocation is intended to bring young members of the profession under the umbrella of the fraternity of Chartered Accountants and foster a sense of belongingness to the profession and the Institute.
The Institute has been striving for constantly equipping its members to deliver professional services of the best standards with greater credibility, reliability and accountability.The Institute would continue to provide guidance for the growth of profession in line with changing requirements of stakeholders and enable full utilization of capacities of the Indian professionals at National as well as International level.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the world with a strong tradition of service to the public interest and to the Indian economy. During its more than 68 years of existence, 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 membership and student base. Starting with a handful of about 1700 members, today, the strength of Chartered Accountant fraternity has grown to over 2.80 lakh members. On the education front, the ICAI began with mere 259 students and today 8.00 lakh active students are a part of ICAI. The Institute functions under the Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices in Chennai, Kanpur, Kolkata, Mumbai and New Delhi. It presently has 163 branches spread all over the country. In addition, it has also set up 30 chapters outside India and an overseas office in Dubai.