The Institute of Cost Accountants of India
(Statutory body under an Act of Parliament)
My Dear Professional Colleague,
58th National Cost Convention (NCC 2018)
Results of December 2017 term
The Institute has declared Foundation, Intermediate and Final results for December 2017 term of Examination. I take this opportunity to congratulate all the students who have passed and wish them a bright career. I also wish best of luck to all those who could not cross the line this time.
DIRECTORATE OF ADVANCED STUDIES
INTERNATIONAL AFFAIRS DEPARTMENT
INSOLVENCY PROFESSIONAL AGENCY OF INSTITUTE
I attended the 3rd meeting of Insolvency Law Committee on 16th & 17th February, 2018 to celebrate further on the issues identified and to finalise the draft recommendations for drafting sub-committee and other related matters called by Ministry of Corporate Affairs at New Delhi.
With extreme pleasure I take this opportunity to congratulate and welcome in the CMA fraternity all the new 349 Associate members being granted membership and the 71 existing members for having been advanced to Fellowship during the month of January and February 2018.
I would call upon all members holding Certificate of Practice (CoP) to renew their CoP for the Financial Year 2018-19 well in advance as their present CoP is valid till 31st March 2018. An advisory to this effect has already been uploaded on the Institute’s website under the “Members” section on the “Forms” and “Guidelines/Circulars” link. For ready reference and guidance, the said advisory has also been published elsewhere in this journal.
Membership fee shall also fall due on and from 1st April 2018 for the year 2018-19 for which I request all members to clear their dues, preferably by online mode, and continue to enjoy the membership benefits. I am sure that our members will continue to play a path breaking and defining role in our profession and economy in the upcoming new financial year with each day throwing up new challenges and opportunities in the national and global scenario
PROFESSIONAL DEVELOPMENT AND CPD COMMITTEE
I sincerely appreciate our Regional Councils and Chapters for organizing more than 75 programs, seminars and discussions on the topics of professional relevance and importance for the members such as, GST Return - Types, Form, Due Dates & Penalties; Role of CMAs in Insolvency and Bankruptcy Code; Bitcoin - Myth or Reality; Union Budget FY 2018-19; Costing in Pharmaceuticals Industry; Women Empowerment in Profession & Self Confidence, and so on.
The Institute was associated with PHD Chamber of Commerce & Industry for a seminar on "Post Budget Interactive Session - Implication of Union Budget 2018" on 6th February, 2018 and also for Knowledge Series on Goods and Services Tax.
PD Directorate is sending representation letters to various organizations for inclusion of cost accountants for providing professional services. I want to inform you that on the request made by the Institute, Indian Institute of Management Bangalore considered Cost Accountants for providing Concurrent Audit Services. Further, NIT Nagaland, State Blood Transfusion Council, Indian Institute of Entrepreneurship and The Handicrafts and Handlooms Exports Corporation of India Ltd included CMA profession in their Tenders/EOIs in the month of February 2018.
A presentation was made to the Chairman, National Anti-Profiteering Authority about the role of Cost Accountants in securitisation of applications received by the Screening Committees formed by the Ministry of Finance.
CMA Niranjan Mishra, Chairman - Taxation Committee along with CMA Chandra Wadhwa, Past President, CMA V.S. Datey, Institute's Representative attended the Professional Meeting of CBEC on 2nd February, 2018 at New Delhi.
On 16th February, 2018, I along with CMA Niranjan Mishra, Chairman - Taxation Committee, CMA Amit Anand Apte, CCM, CMA Dr. S.R. Bhargave, Former CCM, attended the Professional Meeting of CBEC and also met Shri B.N Sharma, Chairman, National Anti - Profiteering Authority and appraised him about the recent activities of Taxation Committee of the Institute.
ACTIVITIES AT REGIONAL COUNCILS & CHAPTERS
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