The Institute of Chartered Accountants of India (ICAI) is a statutory body set up under the Chartered Accountants Act, 1949 (Act NO. XXXVIII of 1949) enacted by the Parliament of India to impart education, training and regulate the Chartered Accountancy profession .
During its more than 61 years of existence, the Institute has achieved recognition as a premier accounting body not only in the country but also globally for its contribution in the fields of education, professional development, maintenance of high accounting and auditing standards.
The Institute has its headquarters at New Delhi with 5 Regional Offices at Mumbai, Chennai, Kanpur, Kolkata and New Delhi and 126 branches spread all over the country. In addition, it has also set up 20 Chapters outside India and has opened an offices in Dubai & England as well. The Institute is proud to have more than 1,60,000 CA Professionals at its roll.
The affairs of the Institute are managed by the Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulation 1988. The Council consists of 40 members of whom 32 are elected by the members and remaining eight are nominated by the Central Government.
The Office of Central India Regional Council (CIRC) is situated at Kanpur having 39 Branches at Agra, Ajmer, Allahabad, Aligarh, Alwar, Bareilly, Beawar, Bhilai, Bhilwara, Bikaner, Bhopal, Bilaspur, Dehradun, Dhanbad, Ghaziabad, Gorakhpur, Gwalior , Inodre, Jabalpur, Jaipur, Jamshedpur, Jodhpur, Kota, Lucknow, Mathura, Meerut, Moradabad, Muzaffarnagar, Noida, Pali, Patna, Raipur, Ranchi, Ratlam, Saharanpur,Sriganganagar, Udaipur, Ujjain, Varanasi, 8 CPE Chapters at Banswara Bhagalpur, Bhiwadi, Bundelkhand, Chittorgarh, Raigarh, Satna, Shekhawati, 35 CPE study groups and 7 CPE Study Circles to discharge the functioning of the Regional Council. Central Region of the Institute consists of seven states viz. UP, Uttaranchal, MP, Chattishgarh, Bihar, Jharkhand & Rajasthan. More than 1,00,000 students are pursuing the Chartered Accountancy Course in the region and the total number of Members of the Central Region is more than 22000.
The Regional Council plays a catelystic role in disseminating professional development and qualification & measures. It conducts the CPE Seminars, Conferences, Study Circles Meetings, Teleconferences for members. It also conducts the post qualification courses i.e. Information Systems Audit (ISA), Diploma in Insurance and Risk Management (DIRM), Computer Accounting and Audit Technique (CAAT), International Trade Laws and World Trade Organisation (ITL & WTO) programmes regularly which are meant for updating the skills & equipping the members for their professional pursuits.
The functions of the Regional Council inter alias includes the following:
1. To provide facilities for interaction among members in its region by regular meetings, arrangements of talks and lectures and for the acquisition and dissemination of useful information.
2. To advise the Council on all matters referred to it and to offer such other assistance as may be required and to make representations to the Council in connection with the matters of professional and business interest in its region and to offer suggestions for the amendment of the Act and these regulations, for raising the standards and status of the profession;
3. To propagate among the members the advisability and the necessity of observing the rules of professional etiquette and the provisions of the Act and these Regulations.
4. To arrange, if found practicable, for coaching candidates for the aforesaid examinations at convenient centers in its region and to gather material from and to make representation to the departments of the government or other local authorities in the States within its region for the purpose of enlisting their support in the furtherance of the interests of the members on matters confined to the professional interest of members within the region.
CIRC VISION PLAN 2011
VISION PLAN 2011 of CIRC IS AS PER THE GUIDELINES LAID OUT IN THE ACTION PLAN OF OUR HONBLE PRESIDENT G. RAMASWAMY.
CONSTRUCTION OF ICAI BHAWAN AT KANPUR:
With the blessings of the Institute CIRC has procured a land measuring 2459.60 square meters from the Kanpur Development Authority (KDA) for construction of the ICAI Bhawan being a new Regional Office with all infrastructural facilities including an auditorium etc.
The top most agenda is to construct the ICAI Bhawan during this year and get it inaugurated by the Honble President CA. G. Ramaswamy in the august presence of CA. Jaydeep N. Shah, Vice President ICAI.
TIMELY SUBMISSIONS OF THE ACCOUNTS OF CIRC & ITS BRANCHES:
Timely Submission of Accounts of CIRC as well as its all 39 branches to the Institute as per the Accounting Manual of the Institute is also one of the agenda of CIRC Vision Plan 2011.
ENHANCING BRAND IMAGE OF ICAI
1) To recognise and felicitate the members of central region who have contributed immensely to the profession: CIRC has decided to felicitate, in the programmes of the CIRC and branches the members who have contributed for the upliftment of the profession.
2) Invite Industrialists, Political leaders of State Government and Central Government and CAs occupying high positions in the programmes as guests.
3) Celebration of CA Day : CIRC has decided to celebrate CA Day in a big way. Besides the ensuring participation of Members and Students we propose to invite General people of the society and design the programme in such a way so that society, at large, may recognise the profession.
4) Hold joint programmes to enhance brand image of the ICAI: This year CIRC has decided to organise joint programmes with other local bodies like, Merchant Chambers, Tax Bar Association, ICSI, ICWA and also encourage the branches for the same.
5) Press conferences, and invitation to media persons: CIRC has decided to, besides inviting in big programmes, arrange Press Conferences and invite media persons to up date them about the policies and planning of the Institute and role of the Chartered Accountancy Profession in Nation Building of the country.
TO ENHANCE THE CORPUS OF THE CHARTERED ACCOUTNANTS BENEVOLENT FUND (CABF)
OF THE INSTITUTE: CIRC has decided to make efforts to enrol most of the members of CIRC as CABF Life members who are, presently, not the life members of CABF and encourage them members to further generously to enhance the corpus of CABF.
TO ENHANCE PROFFESSIONAL OPPORTUNITIES
To make efforts to explore the professional opportunities in the region for members such as:
1. Identify the opportunities in private and public sectors.
2. To make representations to the concerned authorities /State Governments for achieving the opportunities under guidance of the Institute.
3. To contact private sector and public sectors to participate in the Campus Placement programme of the Institute.
4. To Ensure that the tender processes of appointment which are giving rise to unhealthy practices of undercutting may be under an umbrella of Empanelment.
5. To pursue that audit and accounting work of Social sectors like Panchayat etc. are also distributed in such a way that the Small and Medium firms are properly benefited.
INFRASTRUCTURE AT BRANCHE LEVEL: CIRC has decided to make efforts to equip all branches of CIRC with all infrastructure facilities:
1. Own building : Presently 18 branches of CIRC are having their own buildings.
2. To develop Reading Room facilities for Students
3. To create E Libraries at all branches for the benefit of the Members and Students and
4. To create Help Desk to settle down the grievance/queries of the members and students immediately.
CAPACITY BUILDING OF SMALL AND MEDIUM PRACTITIONERS: by making various resources, study materials, concept papers available through the knowledge portal at negligible cost.
AWARENESS ABOUT GST, IND-AS, IFRS : CIRC has decided to create awareness among members with regard to GST, IND AS , IFRS, Direct Tax Code, Revised Schedule VI etc. by holding Workshops etc. for them.
CPE PROGRAMMES FOR MEMBERS: This year CIRC has decided to organise around 750 CPE Hours for the benefit of members and updating their knowledge and skills all over Central Region.
For Members in Industry :
1. Develop a sector-wise data bank of the Members of our region in Industry and continue to develop their involvement in the mainstream of the Institute by sending mails /SMS asking for their inputs and valuable views/suggestions and sending them views of the Institute.
2. To organise workshops/programmes in industry-specific topics like IFRS/Taxation/Corporate governance/Investment/Information Technology Banking/Valuations/ Mergers & Acquisitions/ Capital Market/ Portfolio Management.
For Members in Practice :
1. To organise programmes of CIRC for members all over the region to update the Members in practice.
2. Computer classes for senior members/ members at CIRC as well as at Branch level to make the members computer savvy.
FACULTY DEVELOPMENT PROGRAMMES: To develop faculties in the region and to coordinate with the Head Office for having training programmes for faculties.
WEB SITE OF CIRC AND BRANCHES:
Updation of Website of the Branches with all relevant information, announcements relating to the members and students and encourage members and students to log on web site on a regular basis.
To organise the HRD programmes for officers and staff of Regional Head Quarter as well as branches of the CIRC - topics may be personality development, how to provide more and better services to the members and students of the Institute, dress sense, office etiquette etc. which ultimately enhance the image of the Institute.
POST QUALIFICATION COURSES
Encourage the members of the central region to register and qualify the post qualification courses of the Institute like DISA, DIRM, Derivatives, ERP, and WTO etc.
TO MAKE STUDENTS ASSOCIATION AT BRANCHE LEVEL MORE ACTIVE
To enhance the activities of the Students all over the central region.
CAREER COUNSELLING PRGRAMMES:
To organise Career Counselling programmes for Students at CIRC as well as at Branch Level all over the region with the following objectives
1. Minimum target for organising the programmes at branch level.
2. Involvement of Members
3. Use of CD/brochures sent by the Institute during the programme
4. Maintain Data bank of the Students.
5. Hold Joint programme with the schools/colleges.
6. Start a system by which we get a Feed back report.
VIRTUAL CLASSES OF THE INSTITUTE
: Encourage the students to join the virtual classes being organised by the Institute (members shall be requested to advise the students in this regards)