ICAI signs MoU with IIM Jammu, fee waiver and representative office among key initiatives

NEW DELHI: The Institute of Chartered Accountancy in India recently signed a Memorandum of Understanding with IIM Jammu. Top officials from ICAI - CA. Atul Kumar Gupta, President ICAI on behalf of ICAI & Prof. B. S. Sahay, Director IIM Jammu signed the MoU with a common objective of collaborating together to offer executive training programs exclusively for the Chartered Accountants.

The key point of interest in the MoU was 75% fee concession to the students belonging to the Union Territories of Jammu & Kashmir, Ladakh and 8 North-Eastern States. Also, another important initiative discussed in the MoU was opening of the representative office of ICAI in Union territory of Ladakh and Srinagar.

Speaking about the collaboration, Prof. B. S. Sahay, Director, IIM Jammu said “Learning is a continuous process and this MoU will help in exploring ways to ensure continuous learning for young and experienced Chartered Accountants of the country. ICAI, with its industry experience can also contribute towards teaching and joint research collaboration with IIM Jammu.”

Fee waiver for students from Jammu & Kashmir, Ladakh and 8 North-Eastern State

While signing the Memorandum of Understanding it has been decided that 75% fee waiver will be given to students who will register from the newly formed UTs of Jammu & Kashmir and Ladakh. Additionally, students from the 8 North-Eastern states will also get 75% fee concession in all the levels of Chartered Accountancy i.e. CA Foundation, CA Intermediate and CA Final.

Opening of a representative office of ICAI in Union territory of Ladakh and Srinagar

Another big initiative that was given emphasis in the MoU was the opening of a new ICAI representative office in the Union Territory. The opening of the new office will be really helpful for students in the region aspiring to become the future CAs.

About ICAI

ICAI stands for The Institute of Chartered Accountants of India which is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartered Accountancy in India.