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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

Table of Content
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• ICAI Motto 03
• ICAI Vision 03
• ICAI Mission 03
• ICAI Overview 04
• ICAI National Network 05
• ICAI’s Chapter aiding to ICAI’s success story 06

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• President 07
• Vice President 08
• Chairman (Abu Dhabi) 09
• Charman (Dubai) 10

í Ù»²»®¿´ ײº±®³¿¬·±² ß¾±«¬ ËßÛ 11


• Demographic Details 12
• UAE Economic 13
• Useful Business Information 14
• Indian Embassy and CGI Contacts 19

ì ß¾±«¬ ݸ¿°¬»®- 20
• Activities of the Chapter 21
• Contact Details of the Chapter 22

ë ײº±®³¿¬·±² λ-±«®½» 23
• Information on MoU/MRA 23
• FAQs for Foreign members Abroad 25
• Guidelines for Articleship abroad 35

׳°±®¬¿²¬ Ò±¬»-
This welcome pack is prepared with a view to furnish you with the important information that a member
may want to know when he arrives in the UAE to take up an employment or set up his professional firm.
The contents should be construed as the regulations or laws that are in force in the country.

Similarly, as the socio economic parameters keep changing in this vibrant economy and the information
included in this welcome pack is based on the current factors as on 1 May 2014, the reader is requested
to discuss the facts with the concerned authorities to understand the changes if any, that may have taken
place since the date of publishing this booklet.

The information contained in the document is for internal circulation and meant for ICAI members to give
them an overview of the activities of the Chapter and to facilitate and guide the members.

Each country has a distinct visa requirement and for all professional and business engagements, the visa
has to be sponsored from the sponsoring authority.

This document does not promote UAE either for practice/ employment. The users of the information
need to update the requirements before taking any decision in this regard. The benchmark of success
of individual members may differ between individual members depending upon the skills, aptitude and
professional dexterity.

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(That person who is awake in those that sleep, shaping desire after desire, that, indeed, is the pure.
That is Brahman, that, indeed, is called the immortal. In it all the
worlds rest and no one ever goes beyond it.
This, verily, is that, kamam kamam : desire after desire, really objects of desire.
Even dream objects like objects of waking consciousness are due to the Supreme Person.
Even dream consciousness is a proof of the existence of the self.
No one ever goes beyond it : cf. Eckhart : ‘On reaching God all progress ends.’)

Source : Kathopanishad

Ñ«® Ê·-·±² Ñ«® Ó·--·±²

World’s leading accounting body, a regulator and ICAI will leverage technology and infrastructure and
developer of trusted and independent professionals partner with its stakeholders to:
with world class competencies in accounting,
assurance, taxation, finance and business advisory Impart world class education, training and
services. professional development opportunities to create
global professionals.

Develop an independent and transparent


regulatory mechanism that keeps pace with the
changing times

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The Institute of Chartered Accountants of India

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The Institute of 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.

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Headquarters : New Delhi

Regional Offices : 5 (Mumbai, Chennai, Kolkata, Kanpur, New Delhi)

Branch Offices : 147 branches spread all over the country

Overseas : 23 chapters and an overseas office in Dubai

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The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants
Act, 1949 and the Chartered Accountants Regulations, 1988. The Council is composed of 40 members of
whom 32 are elected by the members and remaining 8 are nominated by the Central Government generally
representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance,
and other stakeholders.

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Regulator of CA Profession Education & Research


Standards Setter International initiatives
Disciplinary Mechanism Continuing Professional Education
Services to Government and Corporate Governance
stakeholders Public Finance

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The Institute of Chartered Accountants of India

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Promoting Brand Indian CA ahead of similarly placed qualifications


Acting as gateway to promote career opportunities.
Updation to Global paradigm of Knowledge: Conducts Certification Courses on
IFRS, Valuation etc.
Helping Indian members professionally under the aegis of Chapter
Promoting members to member networking
Operationalising MoUs/ MRAs already entered into
Gateway for promoting FDI to India

Abu Dhabi Dubai Nigeria

Bahrain Saudi Arabia (E.Province) Oman

Africa-Middle East Botswana Uganda Riyadh

Doha Jeddah Zambia

Kuwait Kenya Kampala

Asia Indonesian Singapore

Australasia-Oceania Melbourne, Port Moresby Sydney Brisbane

Europe-North America UK (London) US (New York) Canada (Toronto)

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Message

CA. K. Raghu
President, ICAI

The era of globalization of businesses, need for globally benchmarked professionals and economies facing
commonality of issues is something which characterize the trade and businesses universally. Coupled with this
the expansion, the role of the accountancy profession has assumed wider significance in an era dominated by
rather fluctuating levels of economic activity. Never before has been the ever growing space for professionals
who are equipped with internationally benchmarked qualifications and competency levels, so steadily
expanding. The businesses and the end users today need high quality information value chain and in that
direction it has been the pioneering effort by the Institute of Chartered Accountants of India to produce world
class accountants possessing multi tasking abilities, having strong connect with the information technology
and highly rated in most of the soft skills norms so as to be of continued utility to the stakeholders.

In the present scenario, the Indian accountants have become increasingly sought after, especially in the
fast-developing nations. In India, the world’s developing economic superpower, demand for accountants
has exploded. The Institute of Chartered Accountants of India (ICAI) today has 220,000-plus members, and
student membership has shot up to more than 800,000 which exemplifies the importance of role of a
Chartered Accountant in building economic momentum.

To provide detailed information to our members intending to go abroad for professional forays, the Institute
of Chartered Accountants of India is bringing out Global Career E-Kits to aid global mobility for its members.
I am confident that the information contained in the E-Kits will assist our Chartered Accountants to establish
a preliminary interface with the jurisdiction to serve in times to come. Comments and feedback to improve
their utility will be welcome.

I would also like to express my sincere thanks to the Managing Committee members of our Chapters abroad
for their assistance by way of providing valuable information in the preparation of these Global Carrier E-Kits.

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The Institute of Chartered Accountants of India
Message

CA. Manoj Fadnis


Vice-President, ICAI

The world today is of global networking, dissolving business frontiers and shrinking distances. Globalization
is today’s reality and a new world order is fast emerging; rather it has already emerged. In tandem with these
developments, there has been a surge of knowledge driven economy in which the landscape for professionals
particularly professionals like Chartered Accountants has seen a dynamic shift. The CA’s today are seen as
professionals who while being adept at assurance services are able to excel in other elements of corporate
services while bringing with them the fundamental virtues of professionalism with ethical conduct

India has a large pool of well-trained and skilled Chartered Accountants. The growth of trade and industry in
India has been buoyant and with multinationals making their presence; one sees landscape for functioning
beyond domestic jurisdictions. Moreover the movement beyond India has been a response to requirements in
overseas markets. I am glad that the Institute of Chartered Accountants of India in order to cater to the needs
of our members is coming out with Global Career E-Kits to assist our members in promoting their global
mobility. This Career E-Kit will be a starting point for the members to equip them with basic informational
resources in respect of select jurisdictions.

I am sure that the information contained herein would help in strengthening the knowledge base of the
members and would provide one stop information about the country.

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Message

CA. Padmanabha Acharya


Chairman - ICAI UAE (Abu Dhabi) Chapter

Dear Professional Colleagues,

On behalf of the Abu Dhabi Chapter, it is my pleasure to present you with this Global Career E-Kit. This E-Kit
consolidates useful information about Abu Dhabi, UAE and the local Chapter of the ICAI in Abu Dhabi.

The Abu Dhabi Office is one of the established overseas offices of the ICAI. Supporting the Institute of
Chartered Accountants of India, the Chapter strives to further augment services locally to the members and
students of the profession and complement the global services being offered by the Institute. We welcome
all our professional colleagues to visit the country and the Chapter and to explore the various avenues of
business and employment opportunities on offer in this country.

We look forward to your visit to this vibrant country and hope that the information contained herein will
help you in your planning and establishing an interface with the local Chapter. Within the E-kit, you will find
reference to numerous websites, which can provide you additional and relevant information on the topics.

Should you need any further information, do not hesitate to connect with one of our committee members.
We will try you provide you with the requisite information at the earliest.

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The Institute of Chartered Accountants of India
Message

CA. A. Nandakumar
Chairman - ICAI UAE (Dubai) Chapter

Dear Colleagues

The Dubai Chapter of ICAI has since its establishment in 1982 with about 20 members has now grown to an
organization that has over 2,000 members. The phenomenal all round growth of Dubai has always attracted
the best of talent from all over the world. The chartered accountants from India are very well accepted in the
government, business and professional organizations and today, UAE has over 4,000 members of ICAI who
have made UAE their home.

The process of settling down in a new professional and social environment outside India is always a challenge.
On behalf of the Dubai Chapter, I congratulate the ICAI President, CA K. Raghu for taking this initiative
of assisting the new entrants into UAE by publishing this Global Career E-Kit that provides the requisite
information for understanding their rights and obligations in a foreign environment.

The recent initiatives taken by the government to further develop infrastructure for business in view of the
forthcoming Expo 2020 is bound to increase employment opportunities in the UAE. We hope to see more
members from India join our fraternity in the UAE, and we are confident that they will contribute to the
growth of our profession and our Chapters.

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The United Arab Emirates comprises of seven emirates, which occupy the southeastern corner of the Arabian
Peninsula. The constituent emirates are Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al-Khaimah, and
Umm Al-Quwain.

Abu Dhabi is the capital and the largest city of the United Arab Emirates occupying about 80% of the
landmass of the country. For over 50 years, Abu Dhabi has been transformed from little more than empty
desert inhabited by nomadic tribes into a thriving 21st century society.

Dubai that is the second largest emirate of UAE, has established a niche in the commercial and trading market
of the Middle East. The resilience of the domestic market and its strategic location between the trading blocks
of Europe and Far East, has always attracted domestic and international investors.

The other emirates in the UAE are also developing their infrastructure and providing incentives to attract
international companies to set up their operational base.

The strategic location of UAE and the incentives that the Government of U.A.E. offers to promote business
and services presents the chartered accountants with a wide range of opportunities for employment and
setting up firms to render assurance and consulting services.

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The Institute of Chartered Accountants of India

Ü»³±¹®¿°¸·½ Ü»¬¿·´- Major Customs & Practices


Being a highly cosmopolitan society, the UAE has a
diverse and vibrant culture. The influence of Islamic
Population of UAE
and Arab culture on its architecture, music, attire,
The demographics of the UAE is extremely diverse.The cuisine, and lifestyle are very prominent as well.
estimated population of UAE in 2013 is approximately
at 9.2 million, majority of which is constituted by Etiquette is an important aspect of UAE culture and
expatriates. The resident population of Abu Dhabi in tradition, and whilst in the UAE, visitors are expected
2013 was estimated at 2.5 million and that of Dubai to show appropriate manners and etiquette. Visitor’s
at 2.1 million. (Source: www. uaeinteract.com) should dress modestly when in city or public places.
Displays of affection are best left to privacy. Observing
Climate fast in public places during Ramadan (generally falls
on the 9th month of the Islamic calendar) is expected
The climate of the U.A.E is subtropical-arid with hot
from everyone visiting the UAE.
summers and warm winters. The emirate basks in
virtual year-round sunshine with little rainfall and Most Emirati males prefer to wear a ‘kandura’, an
superb winter (October-May) temperatures which ankle-length white tunic woven from wool or cotton,
average around 24°C (75°F) during the day falling and most Emirati women wear an ‘abaya’, a black
to 13°C (56°F) during the night. Summer (June- over-garment that covers most parts of the body.
September) daytime temperatures can rise over
42°C (118°F) and there is high humidity. The hottest
months are July and August.

Currency
The local currency is the UAE Dirham which is freely
Language convertible and AED 3.67 equates to US$ 1. Money
can easily be changed at exchange houses. ATMs are
Arabic is the official and national language of the available at malls, petrol stations, supermarkets and
UAE. Apart from Arabic, English is widely used as market places. Credit cards are widely accepted.
a second language. Other languages spoken in the
UAE, include Urdu, Hindi, Persian, Pashto, Malayalam, Healthcare
Bengali, Punjabi, Tamil, Balochi, Russian, Somali
Healthcare in UAE is excellent and there are no
language, Tagalog, Nepali and Mandarin Chinese.
special immunization requirements to enter but
Religion good insurance cover is recommended.

The UAE is a Muslim country whereby nationals


follow the Islam religion. While Islam is the majority
religion in the United Arab Emirates, Christianity,
Buddhism, Hinduism, Judaism and Sikhism are also
practiced in the country, mostly by non-nationals.

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The economy of the United Arab Emirates is the


second largest in the Arab world (after Saudi Arabia).
The UAE’s large hydrocarbon wealth gives it one of
the highest GDP per capita in the world and Abu
Dhabi owns the majority of these resources – 95% of
the oil and 6% of gas. Abu Dhabi thus holds 9% of
the world’s proven oil reserves (98.2bn barrels) and
almost 5% of the world’s natural gas (5.8 trillion cu
meters).

Recently the government has been diversifying their


economic plans. This trend is reflected in Abu Dhabi
with substantial new investment in industry, real
estate, tourism and retail. This idea of diversification
of the economy is also seen in the Abu Dhabi
Economic Vision 2030 planned by the Abu Dhabi
Urban Planning Council. In this plan, Abu Dhabi's
economy will be sustainable and not be dependent
on any one facet or source of revenue.

As Abu Dhabi is the largest oil producer of the UAE,


it has reaped the most benefits from this trend. It has
taken on an active diversification and liberalization
programme to reduce the UAE’s reliance on the
hydrocarbon sector. There has also been a drive to
promote the tourism and real estate sectors with
several large-scale development projects.

Dubai has also developed as a prime international


business center with the development of world class
infrastructure that can support the modern business
needs. Similarly, the emphasis on reducing the
emirate’s economic dependence on oil also resulted
in the development of industrial activity in Dubai.

The projects of both the Emirates will be served by an


improved transport infrastructure with a new port,
an expanded airport and a proposed rail link between
Abu Dhabi and Dubai, all in the development stages.

These projects will be served by an improved transport


infrastructure with a new port, an expanded airport
and a proposed rail link between Abu Dhabi and
Dubai, all in the development stages.

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The Institute of Chartered Accountants of India

Ë-»º«´ Þ«-·²»-- ײº±®³¿¬·±²

Employment/Business Opportunities:
Undeterred by the global economic slowdown, the
economies of Abu Dhabi and Dubai have continued
to perform strongly over the past years. The relatively
high oil prices coupled with robust domestic demand
maintained the stability of the local economy and
The governments of Abu Dhabi and Dubai have
boosted investor confidence, which hit rock bottom
drawn up their long term economic vision programs
elsewhere in the world.
up to 2030. The governments of other emirates also
drawn up a plan action that are short term in nature
as compared to the ones finalized by Abu Dhabi and
Strong political commitments, prudent investment Dubai.
decisions and long-term economic development
policies from the governments continue to give The details of these can be obtained from https://
the economy the momentum it needs to become a business.abudhabi.ae and https://dubai.ae
highly developed, flexible and diversified economy.
Stock Exchanges in UAE:
Due to its strong economy, working in UAE can be
a lucrative option for Chartered Accountants. The Abu Dhabi Securities Exchange (ADX) was established
free trade and industrial zones in the UAE welcomes in November 2000 to trade shares of UAE companies.
foreign investment and business, thus creating new ADX is headquartered in Abu Dhabi with trading
jobs. locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and
Ras Al Khaimah. Official website: https://www.adx.ae
As the economy of Abu Dhabi relies mostly on income
from natural resources like petroleum, with the Dubai Financial Market (DFM) was founded on March
petro-chemical industry offering plenty of business 26, 2000. Headquartered in Dubai, most of the
and employment options. At the same time, the companies listed on DFM are UAE-based companies
importance of newly emerging sectors such as real with a few dual listings for companies based in other
estate, business services, construction and tourism is MENA region countries. Foreign companies are from
increasing. the following countries: Kuwait, Bahrain, Oman, and
Sudan. Official website: http://www.dfm.ae
Dubai has always thrived as a trading hub although in
the recent years, it has promoted the services and the NASDAQ Dubai head quartered in Dubai was set up
industrial sector. Similarly, the emphasis laid by the to trade international stocks. Official website: http://
government in promoting Dubai as a tourist center www.nasdaqdubai.com
has also contributed to the all-round development of
DFM and ADX are both governed and regulated by
the Emirate thereby offering a great opportunity for
the Securities and Commodities Authority (SCA).
professionals and businessmen.
SCA’s role is to ensure that the laws are followed
In the past few years, many large corporations by the exchanges as well as to protect investors’,
and international companies have relocated their brokers’ and listed companies’ rights. On the other
business to the UAE especially to Abu Dhabi and hand, NASDAQ Dubai is governed to international
Dubai and expats with specialized knowledge and standards by an independent regulator called the
good language skills often find work with these Dubai Financial Services Authority (DFSA), which is
companies. equivalent to the Securities and Exchange Commission
in the U.S. Unlike DFM and ADX, NASDAQ Dubai,
located in Dubai International Financial Centre (DIFC),
is an electronic exchange with no trading floor.

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UAE Central Bank:
The Central Bank of UAE is headquartered in Abu
Dhabi and is the state institution responsible for
managing the currency, monetary policy and banking
regulation in the UAE.

Official Website: www.centralbank.ae

Accountancy Profession in UAE:


The accounting profession in UAE has been growing
remarkably with the growth of UAE. During the
early days of formation of the country most of the
accounting profession was held by Asians.
Setting up a consulting/audit firm
Accounting service as a profession has come a The license for consulting firms is issued by the local
long way in the UAE. The profession has constantly licensing authority in each Emirate or by the free
endeavored to keep pace with the ever-growing zone authority in case the firm is being set up in a
business needs stemming from the significant growth free zone. While the consulting firm can be owned
in the economy witnessed over the years. From being 100% by an Indian Chartered Accountant, firms set
perceived as a peripheral service, the profession has up outside the free zone is required to appoint a UAE
evolved to become pivotal, in the line of services. As National as a "service agent". The basis for registering
a result, the number of accounting firms providing the consulting firms is the CA qualification and the
audit and assurance services have been on the rise experience that the member has in the line of activity.
over the years. Many international accounting
firms have their affiliates in the UAE operating as
functionally independent offices but complying with
the procedures followed by the principal. These
procedures are generally based on the international
standards.

Although there is no specific financial reporting


framework required to be followed by law, the
International Financial Reporting Standards (IFRS) is
widely used and accepted. The Central Bank of UAE
has made it mandatory for banks to prepare financial
statements based on IFRS. Similarly, the listed
companies prepare financial statements as per IFRS.
In case of private companies, the shareholders, banks The license of audit firms is regulated by the Ministry
and other stake holders require financial reporting of Economy and the local licensing authority of each
based on IFRS. Emirate. The member has to satisfy the conditions
laid down in the UAE Auditors Law and by the UAE
Auditors who practice the profession need a license Ministry of Economy to complete the registration
from the Ministry of Economy (www.economy. formalities and obtain a "professional license". Upon
ae). Fellow members of ICAI who have the listed obtaining the professional license the member can
experience are recognized by the Ministry for the set up a firm in any Emirate by registering with the
purpose of issuance of license. local licensing authority. All audit firms that are now
being set up is required to have a UAE National who
The auditors for the Government Sector in Abu
is registered with the UAE Ministry of Economy and
Dhabi are regulated by the Abu Dhabi Accountability
holds a professional license as a partner.
Authority (www.adaa.abudhabi.ae).

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The Institute of Chartered Accountants of India

As the requirements are amended from time to renewable for a similar period provided the employee
time, the relevant department at the UAE Ministry continues to be in employment.
of Economy and the Department of Economic
Development of the concerned Emirate should be On completion of the residency formalities, a labour
contacted. contract that is signed by both the employer and
the employee has to be registered with the Ministry
Salaries of Labour, who will then issue a labour card to the
employee. The employer is responsible for meeting
The salary scales differ with regard to the qualification,
all costs relating to obtaining the employment visa
experience of the employee, skill sets required, type
and providing the employee with a health card which
of industry and company in which one is employed.
entitles him/her to free out/in patient treatment in
Generally, employment contracts do provide for a
government hospitals in the U.A.E.
review of the initial salary after a probation that can
extend up to six months. The health card is now being replaced with and all
employers have to provide a medical insurance to
Employment Regulations all employees at their cost. In accordance with the
The Labour laws of U.A.E. that are administered by provisions of the UAE Labour Law, an employee is
the Federal Ministry of Labour, govern all the aspects entitled to annual paid leave at two days for every
of employer/employee relations, such as hours of month if his/her service is more than six months but
work, leave, termination rights, medical benefits and less than a year. In case the employee has completed
repatriation. The Labour Law protects the interest of one year of service, he/she is entitled to 30 days
the employees and overrides conflicting contractual annual paid leave for every completed year of service.
provisions agreed under another jurisdiction, unless This is in addition to public holidays, maternity leave
they are beneficial to the employee. for women and sick leave.

The employee is also entitled to air passage in


accordance with the terms of the employment. Upon
termination of employment, the employee is entitled
to end of contract a gratuity that is calculated at 21
days basic salary for every year of the first five years of
service and 30 days for every year thereafter. The total
gratuity should not exceed two years' basic salary.

Upon finalizing an employment, the employee has All disputes between the employer and employee
to submit a copy of his passport and a copy of are initially adjudicated by the Ministry of Labour
the relevant qualification certificates that are duly and Social Affairs. In case any party wishes to go on
notarized and attested by the UAE Embassy in India appeal, a case may be filed in the U.A.E. Courts.
and again by the Ministry of Foreign Affairs in the
Although the normal maximum working hours are
UAE for the employer to apply for the required
eight per day or 48 per week. However, working
clearance from the Ministry of Labour and The
hours for the employees of certain organizations may
General Directorate of Residence and Foreigners
be increased as determined by the Minister of Labour.
Affairs. On entering the UAE on an Entry Permit that
During the month of Ramadan, normal working
is issues by The General Directorate of Residence and
hours shall be reduced by two hours per day.
Foreigners Affairs and the obtaining the clearance
after a medical checkup, the employee's residence The time spent by the employee in transport form his
visa will be stamped on the passport. In case the residence to the place of work shall not be included
employment is with a government organization or in the working hours.
in a free zone the period of residency is 3 years while
for employment with other organizations and areas, Under a recent development, the Ministry of Labour
it will be for 2 years. The residence -permit granted is has implemented the Wages Protection Scheme
(WPS) wherein all employees are required to open

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a bank account and the employers are required to by the government. The current limit specified
transfer the remuneration to the employees through by the government is a monthly salary of AED
a specified banking channel. Non-adherence to 3,000 with accommodation or AED 4,000 without
this requirement will result in heavy fines and the accommodation.
blocking of the company’s eligibility to obtain new
employment permits etc. It should be noted that those who are on visit
visas, tourist visas and similar types of visas are not
In case the employment is in a free zone, the labour permitted to take up employment in the country
rules and regulations promulgated by the Free Zone with or without salary as per the UAE law. Only
Authority of the respective Free Zone and the U.A.E. those who hold a work permit or an employment
Labour Laws will apply. residence visa are allowed to take up employment
in the country. Similarly the employee is permitted
The movement from one job to another before to only work with the company that has provided
completing the period mentioned in the employment the sponsorship and residency. He/she cannot take
contract may raise issues especially if it is during the up multiple employments and any violation of this
first year of employment. The terms and conditions can attract heavy penalty and result in deportation.
of termination can also vary depending on whether
the employment contract is that is signed is an Temporary Work Permits
"unlimited" or "limited" contract.
A person can enter the UAE on a temporary work
Family sponsorship permit to take up a temporary work or to complete
a project. This visa is valid for 90 days and can be
In the UAE, the responsibility of sponsoring thefamily extended for a similar period.
rests with the employee. In case the employee
earns the minimum salary that is prescribed by the For more information you may log on to:
government, the male employee can sponsor his http:// www.uaeinteract.com.
wife and children. For this purpose, one of the most
important documents required is the copy of the Taxation
marriage certificate that is notarized and attested by There is no income, wealth or withholding tax in
the UAE Embassy in India and again by the Ministry UAE. There are also no restrictions on outward
of Foreign Affairs in the UAE. Similarly, the copy of remittance of funds provided that is carried out
the agreement of residence lease of the employee is through approved channels.
also required.
Accommodation
The process of stamping the residency for the family is
similar to that of the employee as he has to obtain an The cost of housing can be a matter of great concern
Entry Permit and the family has to subject themselves and therefore a lot of thought process is required
and clear the medical checkup. A female employee with regard to cost, place of work, schooling etc.
cannot sponsor her husband unless she belongs to a before one leases an accommodation. In the UAE,
specified category or is specifically permitted by the the accommodation is leased on an annual basis and
authority to do so. the rents are paid through current and postdated
cheques. Therefore termination of the lease before
While an employee can sponsor his daughters until the full term can raise issues. Similarly the cost
such time that they are married, he cannot sponsor of accommodation can vary from one Emirate to
his sons beyond the age of 18 years unless he is another. Although leasing an accommodation in the
studying with an accredited and approved institution. suburb may provide a solution, the time and cost of
in such cases, the residency will be stamped for the commuting to and from work is to be considered.
period that covers the period of study. Recently, all Emirates have developed world class
residential areas in which foreign nationals can own
The employee is eligible to sponsor his immediate
residential properties. Certain banks also provide
family members on a visit provided he earns the
finance to purchase these properties. All lease
minimum salary that is prescribed for that purpose

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The Institute of Chartered Accountants of India

agreements relating to residential properties in Dubai KHDA website. The KHDA has also introduced a legally
have to be registered with the concerned authority binding contract to be signed between parents and
and an annual property levy at 10% of the rent is schools. This contract outlines each party’s rights and
payable by the tenant on a monthly basis. This levy is responsibilities and includes refund and admission
included in the monthly utility bill that the tenant has policies, school fees, attendance and punctuality,
to pay to enjoy the facilities. health and safety provision and transportation. It
also addresses parental responsibilities towards the
Banking school.
A bank account can be opened by the employee after
all the residency formalities have been completed.
Driving license
However, as credit facilities are extended to the While there are many options for travelling about in
employee based on their salary, the banks generally UAE, a very popular option is owning and driving
insists on receiving a letter of guarantee from the your own car. You will need to follow government
employer under which all the terminal benefits and authorized procedures for obtaining your driving
payments due to the employee will be paid to the license, transferring your license and buying or selling
bank in case the employee leaves service. In case the a car. The process of obtaining a driving license
employee who has availed credit facilities intends to involves registering with an approved driving school
take up another employment in the UAE, he/she has and undertaking a certain number of driving lessons
to discuss the matter with the bank and enter into an before one can appear for a signal road test with the
arrangement to either close the loan or undertake to Transport Department who is charge of issuing the
continue servicing it during the new employment. A license. In certain emirates, you also have to attend
cancellation of the resident visa without the bank's a certain number of theory classes before a license
approval can have serious implications. is issued.

Schooling Considering the number nationalities that have made


UAE their home, there is bound to be varied driving
The UAE offers a comprehensive range of government
cultures. To ensure some uniformity and discipline, in
and private schools to cater to the multi-cultural
line with international regulations and standards, the
diversity of its population. The schools offer national
authorities have stringent tests before issuing driving
and international curricula like the Indian, British,
licenses in Dubai. It should be noted that the Police
American, and the International Baccalaureate.
and Transport Authority of all the emirates play a
While the Indian School starts their term in April,
major role in ensuring safety and traffic regulations
most English speaking schools starts their term in
and use smart technology to ensure traffic violations
September. All schools in Dubai are closed in July
are kept to a minimum. A system of black points that
and August. There is a wide variation in the fees
can lead to confiscation of your driving license is in
depending on school type, curriculum and facilities.
force to ensure adherence to traffic laws. Similarly,
In Dubai, The Knowledge and Human Development there are very heavy fines for speeding above the set
Authority (KHDA) has outlined the entrance criteria, limits and there is zero tolerance as regards driving
including documents required, admission tests etc. under the influence of alcohol.
Regular inspections are conducted and ratings of
schools are published in dailies and retained on the

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The indian Embassy and the Consulate General of India:
The Indian Embassy in UAE is located in Abu Dhabi and Consulate General’s office is located in Dubai.

The Contact details of the above offices are listed below:

Embassy of India: Consulate General of India


Al Safarat, P.O. Box 4090, Abu Dhabi Diplomatic Enclave, P.O. Box 737, Dubai
United Arab Emirates United Arab Emirates
Tel : (02) 4492700 Tel : (04) 3971222/3971333,
Fax : (02) 4444685 Fax : (04) 3970453
Email : info@indembassyuae.org Email : cgidubai@cgidubai.com
Website : http://indembassyuae.org Website : http://cgidubai.com

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The Institute of Chartered Accountants of India

ß¾±«¬ Objectives of the Chapter


̸» ݸ¿°¬»®- The objectives of the Chapters include the following:-
To serve as a medium for facilitating the sharing of
professional knowledge and expertise among the
members and CA Students including in the field
of accountancy, auditing and allied subjects of
professional, social and personality development
interest;
To help in better equipping members of the
The Dubai and Abu Dhabi Chapters ("the Chapter") Chapters and other professionals for discharging
of the Institute of Chartered Accountants of India their obligations;
(“ICAI”) have since their establishment in 1982 and
1984 respectively been a key player in the growth To carry out applicable and agreed directives,
and development of the profession in the United policies, guidelines and initiatives of the Institute;
Arab Emirates (UAE). The memberships of both To assist the U.A.E. nationals and institutions to
the Chapters have grown exponentially and many develop matters relating to accountancy, auditing
members hold key positions in various government and allied subjects of professional, social and
organizations, private and public companies. personality development interest;
To facilitate employment opportunities for the
members;
To organize social events for the members and
their families and to provide a platform for them
to interact socially and network as part of the ICAI
social responsibility initiative;
To provide a platform to strive and reach out to
global recognition through -mutual effort and
understanding along the pathway of professional
excellence; and
Our strong membership base, participation in local
To do all acts and undertake all activities
professional events, networking with professionals
necessary, conducive, incidental or ancillary to
colleagues in the region, support of the parent
attain the above mentioned objectives and are in
organization and overall commitment of the
the interest of the members of the Chapters and
committee members over the years have significantly
or profession in general.
enhanced the ‘brand value’ of Indian Chartered
Accountants in the region, while at the same time While the Abu Dhabi Chapter caters to the needs of
preserving the ethical values inculcated in every more than 600 members based in the Emirates of
fellow Chartered Accountant. Abu Dhabi and Al Ain, the Dubai Chapter services
the needs of about 2,000 members residing Dubai
and the northern emirates of Sharjah, Ras Al Kaimah,
Fujairah, Ajman and Umm Al Quwain.

Additional information and details about the Chapters


and its activities can be found on their websites:

Abu Dhabi Chapter - www.icaiauh.org


Dubai Chapter - www.icaidubai.org

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ß½¬·ª·¬·»- ±º ¬¸» ݸ¿°¬»® Certification Courses, Coaching Classes
& ICAI Exams
Annual International Conference & Both the Chapter independently organizes various
certification courses for its members. Some such
Musical Event
recent courses include the ICAI's IFRS Certification
The key event in the each of the Chapters' professional Course and Advance Excel Course. The Chapters in
activities calendar is the Annual International association with the regional office of the ICAI also
Conference. The Conference that is held over 2 organizes GMCS, PCC, IPCC and CA Final examination
days is attended by over 800 members, invitees and classes for the benefit of the students. The Abu Dhabi
dignitaries from the government and corporates from Chapter also organizes courses in Basic Arabic. Both
India and UAE. While the Dubai Chapter organizes the Chapters have also been facilitating the conduct
its conference in April/May, the Abu Dhabi Chapter of the CA exams in Dubai and Abu Dhabi.
organizes its conference in November/December
every year. CSR Activities
The Annual International Conferences that are Both the Chapters place a high level of importance
organized by each Chapter is followed by a Gala to Corporate Social Responsibility activities that are
Musical Entertainment by a leading Bollywood directed “for the good of the community”. Some of
playback singer, which has over the past years the programs that are conducted both the Chapters
become one of the most prominent calendar events include blood donation camps, tree planting as part
among the residents of Abu Dhabi and Dubai with of Save the Environment program on the Chartered
attendance of .over 3500 spectators. Accountant's Day, contributing to the Benevolent
Fund and Prime Minister's National Relief Fund.
PDC Events
Social Events
Apart from the Annual International Conferences
and the various social events, the both the Chapters The Chapters also organizes various social events
independently organize seminars, workshops and such as theatrical play, family fun day, talent
professional development events throughout the competition, screening of Bollywood movies, cricket
year on a regular basis for the benefit of its members. tournament, cultural events etc. These events along
During the year, both the Chapters jointly organizes with entertainment provide the members and their
a high profile event at which a global leader and families a platform to meet and bond.
motivator like addresses a audience of more than
1,000 members and invitees. Some of the speakers
who have addressed these joint sessions are Ron
Kaufman, Chetan Bhagat and Robin Sharma.

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The Institute of Chartered Accountants of India

ݸ¿°¬»® ݱ²¬¿½¬ Ü»¬¿·´-


Executive Committee Contact:*
Abu Dhabi (2014 – 2015)
Chairman CA Padmanabha Acharya chairman@icaiauh.org; 050 6162270
Vice-chairman CA Rajiv Shah vicechairman@icaiauh.org; 050 8846602
Secretary CA Suresh Panwar secretary@icaiauh.org ; 050 6179738
Treasurer CA Nilesh Pramod Ambikar treasurer@icaiauh.org; 052 9829775
Executive Members CA Neeraj Ritolia pdc@icaiauh.org; 050 6676305
CA Manish Bucha membership@icaiauh.org; 055 5618224
CA Malav Mahesh Patel social@icaiauh.org; 050 6681297
CA B S Mony communication@icaiauh.org; 055 9642277
CA Suseel Kumar Jain P media@icaiauh.org; 050 7605134

Dubai (2013 – 2014)


Chairman CA Nandakumar chairman@icaidubai.org; 050 6524796
Vice-chairman CA Raju Menon vicechairman@icaidubai.org; 050 6542030
Secretary CA Pankaj Mundra secretary@icaidubai.org; 050 8560769
Treasurer CA Sangeetha Nahar treasurer@icaidubai.org; 050 7858151
Executive Members CA Prabdeep Singh Baweja prabhdeep.singh.baweja@icaidubai.org; 050 3536885
CA Nimesh Lokhandwala lokhandwalanimesh@icaidubai.org; 050 3421253
CA Naveen Sharma naveen@icaidubai.org; 050 5516892
CA Uma Srinivasan uma@icaidubai.org; 050 6959307
CA Anish Mehta anishmehta@icaidubai.org; 050 8849226

* The contact details are subject to change. Users are requested to reconfirm from the ICAI website and other publicly
available sources.

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ײº±®³¿¬·±² λ-±«®½» 1. The Institute of Chartered Accountants in
England & Wales
2. The Institute of Chartered Accountants in
MoU/MRA Australia
Moving Towards Qualification 3. Canadian Institute of Chartered Accountants
Reciprocity to promote Global mobility 4. CPA Australia
The Institute of Chartered Accountants in India 5. CPA Ireland
(ICAI) to provide mobility to its accountants has 6. Association of International Accountants
entered into MoUs/MRAs on reciprocal membership 7. New Zealand Institute of Chartered Accountants
arrangements with the foreign accounting bodies
and accordingly members of one body are eligible
for membership in the other. ICAI has entered into
MoUs/MRAs with the following accounting bodies:

Details of Subjects to be cleared for Membership under MoU/MRA


Í«¾¶»½¬- ¬± ¾» ½´»¿®»¼ ¾§ ³»³¾»®- Í«¾¶»½¬- ¬± ¾» ½´»¿®»¼ ¾§
Í´ò Ò±ò ß½½±«²¬·²¹ Þ±¼·»-
±º Ú±®»·¹² ß½½±«²¬·²¹ ¾±¼§ ³»³¾»®- ±º ×Ýß×
1 The Institute of Chartered ICAEW member would be required ICAI members would be
Accountants in England to pursue the following four special required to appear in one
& Wales module papers of ICAI: paper of Case Study and a
1. Auditing and assurance correspondence programme
in Structured Training in
2. Law, Ethics & Communication
Ethics, if he has over 2 years of
3. Information technology & experience.
strategic management
4. Taxation ICAI member with less than two
years experience has to appear
in two additional following
papers.

Technical Integration
Business change,
Technical Integration
Business Reporting.
2 CPA Australia CPA Australia members would be An Indian member would be
required to successfully complete: required to pass:
1. Corporate and allied laws the required CPA Program
2. Taxation professional level segment
Global Strategy &
either Assurance services & Auditing Leadership and Better
as an elective in the CPA program or Practice in Governance and
Advanced auditing and professional Accountability (a CPD course
ethics in the ICAI examination; assignment) delivered and
and either Financial Reporting & assessed by CPA Australia.
Disclosure as an elective In the CPA
program or Financial Reporting in
the ICAI examinations.

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The Institute of Chartered Accountants of India

3 The Institute of Chartered Specific module on Indian Law, Final Module of Chartered
Accountants of Australia Taxation and Ethics Accountants Program, Ethics &
business application (EBA)
4 Canadian Institute of A CICA member seeking admission Passing the final examination
Chartered Accountants to ICAI is required to pass exam of: (the CA Profession’s Uniform
1. Corporate and allied laws Evaluation (UFE)); and
2. Taxation Meeting the practical
experience requirements
(term, depth, breadth
and progression) of the
Canadian CA profession
as required of all domestic
and internationally trained
applicants. Practical
experience obtained pre-
and post qualification as
member of the ICAI will
be included in a review
of an applicant’s practical
experience.
5 CPA Ireland CPA Ireland member seeking ICAI members would be
admission to ICAI should successfully required to pass
complete Corporate and allied laws, CPA Ireland final
Direct and Indirect taxes. (Professional 2) stage
examination in Strategy &
Either : Strategic corporate finance
Leadership
as an elective in the CAP examination
or specialized module of strategic Complete and pass the on –
financial management in the ICAI line CPD course “Overview
examination. of Irish Tax and Law”.

Either : Audit Practice and Assurance


Service as an elective in the CPA
examination or specialized module
of advance auditing & Professional
ethics in the ICAI examination
6 Association of AIA members in order to become ICAI members are not required
International members of ICAI are required to to take any examination in
Accountants complete the special modules of order to become eligible for
Auditing and Assurance AIA membership.
Law, Ethics & Communication;
Information Technology &
Strategic Management
Taxation

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7 New Zealand Institute of A member of NZICA is required to An ICAI member would
Chartered Accountants complete following ICAI specialized be required to pursue the
modules for ICAI Membership: following
Corporate & Allied Laws New Zealand Company Law
Taxation at an NZICA - approved
tertiary institution.
New Zealand Advanced
Taxation at an NZICA -
approved tertiary institution.
(Tax module of CA Program
from 2014)
Professional Accounting
School and Professional
Competence Examination.
(Capstone module of CA
Program from 2014)

For further information please visit:


http://www.icai.org/new_post.html?post_id=5617&c_id=80

FAQs for Members Located Outside What is the procedure to be followed by a


India member of the Institute residing abroad to keep
his membership active?
Many of our members have made the Institute
proud by excelling themselves professionally at - A member of the Institute is currently required
foreign lands. The Institute has all along been to pay a sum of Rs.600/- if he is an Associate
for espousing the cause of members and all the member and Rs.1,800/- if he is a Fellow member
members including the members based overseas as the renewal fees for the membership every
have a special place for the Institute. Being a part year. However for a members who is senior
of a profession, which is regulated under the Indian citizen having attained the age of 65 year, the
enactment, a member is required to follow certain fee shall be Rs. 450/- if is an Associate member
set guidelines and procedures. For the sake of brevity and Rs. 1,300/- if he is a Fellow members. The
and ease in accessibility of information, an effort has payment of membership fee becomes due
been made to compile the usual queries of a Indian on 1st of April, every year and is payable by
Member based overseas so that he has readymade 30th of September of that year. A member
information/ clarification on doubts on procedural residing abroad can keep his membership
issues pertaining to the regulatory requirement at a active by remitting the annual membership
glance. fee through Payment Gateway or by demand
draft to the concerned DCO. Membership fee
While the illustrative queries and their clarification can be paid in advance for a period of three
have been listed herein under; members may like to years. Members are informed of the payment
send us more areas of the queries which would be of Annual membership / C.O.P fee through a
included in the section for wider benefit. This being Circular letter issued in the month of March.
a continuous updating process, efforts would be An announcement regarding the payment of
made to consolidate and update this portion on a fee is also hoisted on the Web-site.
continuous basis. Newer queries and your feedback
on extent and range of queries would be welcome. What is the currency and the manner in which
membership fees can be paid by members
Frequently Asked Questions: residing abroad ?

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The Institute of Chartered Accountants of India

- The amount of membership fee has been name approval and form 18- for registration
fixed in Indian rupees. Information on the fee of firm (to be digitally signed by all authorized
structure and method of payment is available partners) through email authenticated by
on the Institute's website at the linkhttp//www. digital signatures alongwith requisite fees
icai.org/members/pay_ann_fee.html. This link wherever applicable using payment gateway.
also provides information on advance payment
of fee. However the fee can also be paid in US What are the consequences if the annual
$ at the prevailing exchange rate. The normal membership fee is not paid within the stipulated
method of payment is by way of Demand time
Draft/ Local cheque in favour of the Secretary, - If the membership fee is not remitted before
the Institute of Chartered Accountants of 30th September the name of the member
India payable at respective places where the would be removed/certificate of practice
concerned decentralized offices are situated. cancelled with effect from 1st October of
You or your representative in India can also the year concerned. The member cannot use
deposit the payment on your behalf by putting the designation Chartered Accountant or the
a local cheque for clearing. The Payment qualification ACA or FCA as the case may be.
through credit card can also be made. In the case of members holding certificate of
Scale of Annual Membership Fee/Certificate of Practice his right of practice will cease and
Practice Fee as on 01st April, 2014 his association, if any, with firm of Chartered
Accountants in India as a partner etc will also
For Members below age of 60 years came to end.

Associate Membership Fee 800/- In the event of removal of membership, what is


Fellow Membership Fee 2200/- the procedure for restoration of membership?
Certificate of Practice Fee 2000/- - A member, whose name has been removed
from the Register of Members, and desirous of
For Members above age of 60 years
Restoration of name in Register of Members -is
Associate Membership Fee 600/- required to apply in Form No.9 which can be
downloaded from (please click here for further
Fellow Membership Fee 1600/-
details) and is to be submitted along with :
Certificate of Practice Fee 1500/-
o Membership fee for the year during which his
Can the members pay their fees Online? name was removed from Register of Members.
- The Institute has provided this facility to all o Membership fee for the year in which
members and a link of 'Online Payment of Fee' restoration is sought.
is available on the Home Page of the website.
Members may follow the instructions there at o Restoration fee of Rs. 1,200/-
and make the payment of fees. The payment
through this mode can be made not only for o C.O.P. fee, if intends to hold C.O.P.
annual membership fees but also for cases like The application for Restoration of name in the Register
restoration fee, fellow admission fee, COP fees of Members has to be filed with the Decentralized
and condonation fee whenever applicable. office (please click here for full details of Decentralised
Can the members submit the relevant forms by offices) where your address falls i.e. in case before
email? moving overseas your physical records are with,
say eastern region; you shall apply to Eastern India
- Yes. Members can submit certain forms Regional Office for filing the required documentation.
viz. form 6 - for grant of COP, form 9 - for On compliance of above requirements, the name
restoration of membership, form 117- for firm will be restored w.e.f. the date of receipt of Form
9 with Restoration fee of Rs. 1,200/- and prescribed

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fee, in the respective Decentralized Office. The forms/ audit, finance, taxation, company law and/or
documents may be sent by post/courier. It may also secretarial work, is eligible to become a fellow
be sent through email with digitally signed form no. member.
9 with remittance made through Payment Gateway.
On compliance of the above requirements the name If there is a break in the continuity of service, the
will be restored w.e.f. the date of receipt of Form '9'. same can be condoned for a period not exceeding
one year so however that the actual period of service
Restoration of name with retrospective effect will be shall not be less than 5 years [Regulation 5(3)]
made provided application for restoration in Form
9 along with membership fee and C.O.P. fee (if you What is the procedure to be followed to become
intend to hold C.O.P.) and restoration fee is received a fellow member ?
within the same financial year. - An Associate Member who is eligible to become
Whether an Associate Member of the Institute Fellow as pointed out in question no.(7) & (8)
practicing abroad is eligible to become Fellow above, is required to submit (i) Form no. 3 duly
Member ? Whether a member's service as a paid filled in and signed (ii) admission fee of Rs.
assistant outside India with a firm of chartered 1,500/- plus the fellowship fee of Rs. 1,800/-(
accountants can be recognized for the purpose of Rs. 1,300/- in case of a senior citizen member),
fellowship ? if fee of Rs.600/-/-( Rs. 450/- in case of a senior
citizen member) as Associate Member is already
- No. Only members who being associates paid then the differential fee of Rs. 1,200/- (
and who have been in continuous practice Rs. 850/- in case he is a senior citizen member)
in India for atleast five years are eligible to (iii) a certificate of employment for a period of
apply for admission to fellowship on payment 5 years or more showing the nature of duties
of prescribed fee and submission of Form '3' performed were of supervisory in nature, issued
[Section 5(3) of the Chartered Accountant Act, by the competent authority. If he intends to
1949]. obtain Certificate of Practice, he is additionally
required to submit Form '6' along with Fee of
- If an associate member applies for fellow Rs. 1,600/- (Rs. 1,200/- in case of Senior Citizen
membership, requires to pay additionally member). He can submit relevant form and
Rs. 1800/- as fellow conversion fee along remit a prescribed fee through E-mail/ payment
with fellow membership fee or balance fee if gateway as pointed out in Q. No. 3 & 4.
associate membership fee for the year is already
paid. If a member holding Certificate of Practice wants
to surrender the Certificate of Practice. How can
- The member working as a paid assistant he do that?
with a foreign firm of accountants outside
India is eligible for admission as a fellow - The member desirous of surrendering his
member provided the firm is having atleast certificate of practice should make a request
one partner who is/was either the member of in writing indicating the date from which he
the ICAI or who is/was eligible to become its wishes to surrender COP. The original script for
member under Section 4(1)(v) of the Chartered certificate of practice should be surrendered
accountants Act. for cancellation The COP fee however will have
to be paid for the relevant financial year before
Whether an Associate Member employed in it is cancelled at his request. However no fee
Industry abroad is eligible to become fellow would be required to be paid if he wishes to
member ? surrender his COP w.e.f. 1st April provided he
- An associate member serving in an industry makes the request with the original COP by
abroad for a continuous period of not less 30th April of that year.
than 5 years in one or more posts carrying What is the procedure for restoration of Certificate
duties relating to accounts, cost accounts, of Practice?

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The Institute of Chartered Accountants of India

- Members can renew Certificate of Practice assistant. This is a mandatory requirement


by paying the prescribed fees by 30th of under Section 27 of the Chartered Accountants
September every year. Those members who have Act, 1949.
not remitted COP fee by 30th of September,
Certificate of Practice would be cancelled w.e.f. Can a member having a proprietary firm in India
1st October of the relevant year. and recently shifted from India, continue to be a
proprietor of a firm in India?
Members whose Certificate of Practice has
been cancelled on account of non-payment of - The member can continue to be a proprietor
Certificate of Practice fee for the relevant year are of the firm in India if the member himself is
required to comply with the following – actively associated with the firm by residing in
India for a period of not less than 182 days
- An application in Form 101 duly filled in as provided in Appendix 10 of the Chartered
and signed along with Certificate of Practice Accountants Act 1949 [page 51].
fee for the relevant year. (Form 101 can be
downloaded from website) Whether a member residing abroad can be a
partner of a firm of chartered accountants in
-Annual Membership fee has been paid on India?
or before 30th September of the relevant year.
- Yes, a member can be a partner in a firm of
-A letter restoring Certificate of Practice with Chartered Accountants in India provided he
retrospective effect will be issued on receipt of holds C.O.
above by 31st March of the relevant financial
year. Can a member holding Certificate of Practice and
residing abroad be incharge of the branch office
Can a member in Salaried employment abroad of the firm outside India ?
hold C.O.P.?
- Yes, a member can be in charge of the branch
- Yes, he can hold C.O.P but his status would be office of the firm outside India provided the
treated as a member in part-time practice. Head Office of the firm is registered in India.
He can be in charge of the branch office in his
Can a member of the Institute holding Certificate capacity either as a paid assistant or partner of
of Practice residing outside India, do any attest the firm.
functions?
Can a member practicing outside India impart
- Yes. He can do attest functions outside India, articles training under the Chartered Accountants
subject to the local laws permitting him to do Act and Regulations?
so.
- As per the proviso to Regulation 43(i) of the
Members holding Certificate of Practice and employed Chartered Accountants Regulations 1988
outside India are also permitted to undertake attest as amended by the Chartered Accountants
functions outside India so long as they reside outside (Amendments) Regulations 2007, a member
India and during such stay period their status also practicing outside India is also eligible to
continue to be '2' (part time COP) in the Institute's engage an articled assistant subject to such
record. additional terms and conditions as the Council
Can a Member working abroad have a Proprietary may impose.
Firm in India? Morever, if a firm of chartered accountants has an
- A member working abroad can have a office in India and also an office abroad (not being
proprietary firm in India provided the firm a separate partnership) a partner or the proprietor
in India is under the charge of a member of thereof would be permitted to train articled assistant
the Institute who should be a full time paid in India or outside the country, provided that

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the member concerned could ensure that proper Practice, is required to apply and submit a
training, in accordance with the requirements of the written request to the concerned Decentralised
Regulations, is imparted to the articled assistants Office for obtaining duplicate membership
certificate/certificate of practice as an Associate
What is meant by Certificate of Good Standing or a Fellow member as the case may be. He is
and how it can be obtained ? required to pay charges for duplicate certificate
- A certificate of good standing means a certificate @ Rs.50/- or equivalent amount in US Dollar
issued to a member of the Institute at his request per certificate. He is also required to submit an
for specific purpose stating the details of his affidavit in the prescribed format duly sworn-
articled-ship exam passed, membership etc in before a Notary/First Class Magistrate or an
and indicating that nothing adverse about him affidavit on a plain paper and get the same
has come to the notice of the Institute . A good attested from the authorized office of Indian
standing certificate is required to the purpose Embassy/Consular General's Office. In case
of joining employment, immigration and also the member submits original certificate he is
for visa purpose. In order to obtain Certificate not required to execute the affidavit in the
of Good Standing the member concerned :- prescribed format.
may submit a request for issue of certificate of What is the procedure for obtaining duplicate
good standing, stating the purpose for which Marks Statements/Passing Certificates?
certificate of good standing is required and
submit the communication of the concerned - The member who has lost his Marks Statement/
body/ institution requiring the same. However, Passing Certificate may apply for duplicate
request of members for issue of certificate of marksheet/pass certificate by sending a request
good standing will also be considered if the under his signature mentioning his roll number,
requirement of body/ institution specified on month and year of passing. The fee for issue
the website, in application form or prospectus of duplicate marksheet is Rs. 10/- and the fee
is produced. The request could be either a for issue of duplicate pass/rank certificate is
signed written request or an e-mail in the Rs. 25/-. The fee should be remitted through
personal e-mail id of the member. Demand Draft in favour of the Secretary, The
Institute of Chartered Accountants of India,
The certificate of good standing will be issued to payable at New Delhi.
concerned body/ institution in respect of any member
if the request is directly received by the institute from The member is required to send an affidavit on a plain
the concerned body/ institution. paper and get the same attested from the authorized
office of Indian Embassy/Consular General's Office
The name of the member should be active (not to the effect that he was in possession of Pass
removed) in Register of Members of the Institute.The Certificate or Rank Certificate and he had lost it and
concerned member has paid annual membership/ undertake to return the duplicate Pass Certificate
certificate of practice fees (if holds certificate of or Rank Certificate if the original Pass Certificate or
practice) for the current year within the specified Rank Certificate is traced/received by him in future
time. and indemnify the ICAI for any loss etc. that ICAI may
Request is to be sent to: mss@icai.org under your suffer if the duplicate certificate is issued by ICAI.
signature or Scanned copy of request may accompany The request may please be sent to:
the other documentation.
Jt. Secretary (Exams)
What is the procedure for obtaining
duplicate certificate of Membership/Certificate of The Institute of Chartered Accountants of India
Practice C-1, Sector 1, Noida - 201301
Mail : - exam@icai.org,.
- A member who has lost/misplaced his original Phone No. 91-120 2535437; 2535305;2552643
certificates of Membership/Certificate of

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The Institute of Chartered Accountants of India

How a member can get his certificates attested Copy of the Appointment Letter issued by the Foreign
in partial fulfillment of requirements of foreign Body as applicable
Universities in pursuit of higher studies ?
The transcripts are issued normally within ten days
- The members intending to pursue higher from the date of receipt of request, complete in all
studies in foreign Universities can get the respects.
copies of their certificates of membership,
Certificate of Practice, Pass Certificate and The request along with the requisite fees / documents
Marks sheet attested by sending the originals may please be sent to:
thereof alongwith the copies together with a Jt. Secretary (Exams)
requisition letter to the concerned Decentralised
Offices requesting for attestation. The Institute of Chartered Accountants of India
C-1, Sector 1, Noida - 201 301
• What is Trascripts and how a member can obtain Mail : - exam@icai.org,
Transcripts?
Whether the Institute is conducting Post
- A Transcript is a Certificate describing the Qualification Courses for the members of the
appearances and passing details with subjects Institute? Which are those courses and what
and statement of marks of the exams of are the requirements for appearing in the
Chartered Accountancy in respect of the student examinations ?
concerned including his membership details if
he has become a member of the Institute. For - The Institute is conducting Post Qualification
obtaining transcript the member concerned is Courses for the members of the Institute. The
required to provide a request duly signed by courses currently conducted are as under :-
him for issue of Transcripts accompanied by
Post Qualification course in Management
following:
Accountancy
A fee of Rs. 500/- (Rupees five hundred only or
Post Qualification course in Corporate
equivalent in US Dollars) for one set of transcript/s
Management
(for any one or all examinations viz. Foundation/PE-I,
Inter/PE-II and Final) remitted through Demand Draft Post Qualification course in Tax Management
or Pay Order in favour of The Secretary, The Institute
of Chartered Accountants of India, Payable at New Post Qualification course in Information System
Delhi - 110002 audit

Attested copies of Entrance / Foundation / PE I / PE II Post Qualification course in Insurance & Risk
/ Intermediate / Final examination mark sheet/s (both Management.
front and reverse side) as applicable Attested copies
Post Qualification course in International Trade
of Rank Certificate issued by ICAI, if any.
Laws and WTO
Attested copy of Membership Certificate along
The members of the Institute are eligible to register
with the proof for having paid the current year
for the above courses and appear in the examination
Membership fee or COP fee, as applicable
conducted by the Institute.The members can
straightway appear for examination for the courses
at Sl. no. 1, 2 and 3 above and no formal registration
Prescribed Form for admission duly filled in by would be necessary. Exam for Management
him, along with the envelope/s received from Accountancy Course are held twice a year in the
Foreign University/ies / Management Institution/s as months of May and November. Exam for Corporate
applicable and Management and Tax Management Courses are held
in the month of May every year. For more details e
mail pqc@icai.org.

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The Exams for Information System Audit course are Riyadh, Saudi Arabia and Zambia, The details of
held in the months of March, June, September and current Chapters of the institute in various countries
December. The members who have registered and along with their contact details are available on the
obtained eligibility certificate from IT Directorate can Institute's website at www.icai.org . Efforts are also
take up this exam. The eligibility certificates issued on by members in Canada and Kuwait to formally
are valid for four exams in a span of two years. Details organise such chapters.
about this course are available at the official Web-site
of the Institute at www.icai.org under courses I S A. What is the importance of Chartered Accountant
Journal ?
The Exam for Insurance and WTO Courses are held
twice a year in the months of May and November. - The Chartered Accountant Journal is an
Members who have registered for Insurance course important communication for the Institute
and obtain eligibility certificate can take up this exam. and keeps the members updated on the
For more information about this course please mail professional front, It is expected that each
to Secretary, Committee on Insurance at insurance@ member should be going through every issue
icai.org. As regards the exam for WTO and Trade of the Journal. The Chartered Accountant is a
Laws members are eligible to appear for Part 1 Exam monthly publication from Institute and after
to the course only after 6 months of registration and publication is immediately put on the website
would be required to produce a minimum attendance of the Institute. It is also sent physically every
record of 80% in the personal contract programmes month and each dispatch is through a recorded
failing which they would not be entitled to appear delivery to all active members.
for the examination. Further information about this Can a member residing abroad get Journal by Air
course can be had from the Secretary, Committee on Mail?
Trade laws and WTO by sending e-mail to : ditl@icai.
org. - Normaly Journals to the members abroad are
being sent by Air Mail. However a member can
Registration for Post Qualification courses in ISA, opt for getting journals by Airmail in which
Insurance and WTO is open through out the year. case he is required to pay the air mail charges
(Please click here for details) for receiving he Journal by airmail at his foreign
Want to have a Chapter of Institute. How that can address. Currently the charges for sending
be established? Journal by airmail is Rs. 21/- Annually.

- The Institute encourages its members overseas Can a member residing abroad get the Journal at
to consolidate their synergies by creating a his Indian address?
formal Chapter. In the Institute's parlance this - As per regulation 187 of CA Regulations every
formal network is a 'Chapter' of the Institute. Any member in practice shall have a professional
place which has more than 20 Indian members; address in India in his own charge or in charge
they can all join together to form a chapter of of another member. A member not in practice
the Institute. This chapter can be used by them may specify a place which shall be deemed to
acting as a programme organizing unit for the be his professional address for the purpose of
various CPE programmes. The chapter would Section 21 and also CA Regulations. In view of
be a unique forum for promoting. the above, every member has to specify one
- bonhomie far away from your motherland and address which will be taken in the Institute's
would enable your families and accomplices as record as professional address for all purposes
well to come closer and foster goodwill. and also for correspondence. Accordingly
Journal's, Regional News letters etc. can be
Guidelines for setting up of Overseas chapters are sent to the professional address in India if so
available at Chapters outside India are functioning indicated by the member.
at Abu Dhabi, Bahrain, Botswana, Doha, Dubai,
Indonesia, Jeddah, London, Nigeria, Saudi Arabia,

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The Institute of Chartered Accountants of India

In the event of delayed/ non-receipt, please correspond for disseminating information to Indian Members
at journal@icai.org or ebsecretariat@icai.org giving abroad and to come closer to them and address
exact details of your full mailing address with Pin/ Zip their requirements speedily, on quarterly basis
code, if possible also specifying a landmark as part of which would be a two way communication channel
address. It would speed up chances of early reach of between the Institute and the foreign members.
journal and communication to you. This again necessitates the need to have the e-mail
particulars in the records of the Institute for ensuring
How a member residing abroad can buy a receipt of e mails. Please update your e-mails id with
publication from the Institute? Institute's record.
- The publications of the Institute available for sale Why a member should Update his address and
are indicated in the updated list hoisted on the other particulars?
Website. The rates and postal charges payable
thereto are also stated therein. For details visit - By being a member of the Institute he has a
:http//www:icai.org/publications/Ins-pub.html. continuity and access to developments of
Indian profession and it needs no exaggeration
A member interested in buying any publication(s) as that updating his correct particulars would do
indicated in the list can either send his remittance a lot good in his being professionally updated.
in advance for such publications including the postal The Institute every year while sending the
charges or make payment on line to purchase a circulars for fee reminders also attach an Entry
publication concerned. Alternatively, an imprest on Record containing his particulars. It would
amount (USD 300) could be deposited with the be the earnest request of the Institute to the
Institute and under such a scheme, a member shall members to give utmost priority in updating of
have an access to the recent publications which could information containing in the entry on record
be continued to send by the Institute till the time the wherever necessary. This is also necessary as a
imprest amount is exhausted. part of regulatory requirements
For faster communication a member can always reach As the professional and other particulars have a
the Institute at e-mail castoresnoida@rediffmail.com bearing for future and there are certain areas wherein
or Fax no. +91 (120)-2518539, due caution needs to be observed; certain request
Tel. No. +91 (120) 2552142, 2551279. like change in address needs to be accompanied
What is the importance of Updating e-mail Id under your signatures so as to ensure authenticity of
with the Institute ? such a request.

- The Institute very shortly would be moving What are the areas where a member can
to a Virtual stage whereby large number Contribute to the profession ?
of transactions/ communications would - There are many areas in which esteemed
be done electronically. This would warrant members can contribute to the professional
availability of correct e-mail id so that one gets activities of the Institute. The range is varied
communication from the Institute with regard and the list indicated herein under in just
to CPE programmes/ other events of interest in illustrative and he could think of more such
time avenues for joining in the work being done by
While e-mail particulars could be updated by sending the Institute.
a simple mail, any communication having regulatory
Some of such areas are -
angle would require signed communication from his
end for which fax / scanned copy will have to be sent. Associating as a constituent of brand promotion.
The Institute is in the process of consolidating its
The Institute would be regularly coming out with brand image not only in India but in other countries
E Newsletter, which has been targeted as a tool also where a sizeable Indian population/sufficient
number of Indian members are there. Promoting

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Indian Chartered Accountant as a brand would the objectives of the CA Benevolent Fund, procedure
provide fillip to boosting his professional avenues. He for becoming member, extent of assistance available
need to share with us ways and means in which this and the procedure for availing assistance are available
needs to be accomplished. He can send his valuable on the Institute's website at the following link: http://
suggestions on the basis of country specific issues www.icai.org/members/ca_benevolentfund.html
so that while formulating its approach, the Institute
could suitably include them in its pursuits. What is the importance of Updating the
particulars of members residing abroad in the
Help take up issues of concern with the respective Entry on Record?
authorities in those countries /promoting the Indian
qualification in terms of services which can be - The Institute would soon be coming with
provided by a member of ICAI. a Member Directory separately for foreign
members. Given the fact, that developments
Associating in providing synergies by creating a formal internationally make the Institute need to
network - The Institute feels that the consolidation of have an immediate reaction/ update on
efforts would be a welcome step and the Institute certain country specific / sector specific
would request the members to form chapter of ICAI issues; knowing the members who are to be
wherever more than 20 members are there. (For addressed by the Institute for eliciting response
further details please click here) on such information would come in handy.
Members contribution would be something
Information about the need of Chartered which will add value to the professional stance
Accountants in your country - This would enable being taken by the Institute at different levels.
the members intending to take opportunity abroad. We would request a member to update their
Such information can be mailed at foreigndesk@ following particulars with the decentralized
icai.org to be placed suitably on the web page of office wherein their correspondence address
the Institute. This way the member would be doing falls and the Foreign Desk at head office with
a yeoman service for Indian members to such the following details on regular intervals so as
global market and globalisation of Indian Chartered to update the records, as an when there is such
Accountant. The member abroad can also pass on change so that Institute could approach them
the addresses of major placement consultants/ wherever there is such need. The information
organizations which need professional chartered would also come in handy when the Institute's
accountant so that Institute could approach them for delegations visit their country and a need for
benefit of everybody. interaction is felt with them.
Contributing to the Exposure drafts, Research 1. Name and membership No.
projects and in journal of the Institute - The Institute
needs perspective and contribution from the member 2. Current employment
abroad on technical issues. They are welcome to
contribute articles / their view point for inclusion 3. Current charge/ designation
in the journal so that there is a wide sharing of 4. Type of industry
information and their views are put to synthesis and
analysis by a cross section of members thus, adding 5. Correct postal address
to their utility in an over all context.
6. Contact address in India
Help dependents of your fellow professionals by being
part of CA Benevolent Fund - Uncertainty knows no 7. Phone numbers - office and residential
bounds and it is for uncertain times that the Institute 8. Fax Nos.
have decided to create a corpus of funds by way of
voluntary contribution from members to help the 9. E-mail id
families of bereaved chartered accountants who are
The above information would also facilitate in coming
in distress and need a helping hand. The details on
out with the Directory of Foreign members.

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The Institute of Chartered Accountants of India

Do the members abroad want to know about E-mail:- aasb@icai.org


more professional avenues in India ?
For Continuing Professional Education and
- While the members have moved to foreign Professional Development
destinations, there would be many a occasion Director CPE
when they would have felt the need of an
information contact in India, in such situations, Phone :- 0120-3045957
please feel free to write to foreigndesk@icai. E-mail:- cpe@icai.org ; cpeadmin@icai.org
org and the Institute would be glad to provide For In-Company Programmes
them the weblink of information which they
may be wanting to have from India. Secretary CPEC
Phone:- 39893989 (D), 30110438
If any member has any suggestion on different
Email:- cpe@icai.org
issues how can he send that?
Examination related queries
- Members may feel that they have different Joint Secretary (Exams)
ways of looking at the activities of the Institute.
As an enabling outfit, the Institute would like Phone :- (95120) 3989398 (D), 3054822
to have suggestions from them on the way they Peer Review Process
feel certain things need to be carried out. They
are invited to share their views at foreigndesk@ Secretary, Peer Review Board
icai.org Phone:-(95120) 3054815 (D), (011) 30110469
E-mail:- peerreviewboard@icai.org
They can directly get in touch with the following
Officers of the Institute whose area of work and
Members & Students Services and payment of fee
contact details are given below:
and other regulatory measures
Area of Work Official ; Joint Secretary, M&SS
CA course and Education related matters Phone :- 39893989 (D),30110425, 30110426
Director Board of Studies E- mail :- mss@icai.org

Phone :- from Delhi:- (95120) 3989398, 3054808 General queries relating to publications
From out side Delhi:- (0120) 3989398 Joint Secretary - NOIDA Stores
E-mail:- bosnoida@icai.org Phone :- 3054802, 3054828
Technical Questions, issues on Accounting Standards E-mail :- noidastores@icai.org
and Expert Opinion
Any other matter; please write to foreigndesk@icai.
Technical Director org
Phone:- 39893989 (D), 30110582
Is there a placement portal to provide employment
E-mail:- tdte@icai.org,
assistance to the members? If so may we know
Secretary EAC more about that?
Phone:- 39893989 (D), 30110467
- The Committee for Members in Industry of
E-mail: eac@icai.org
the Institute has hosted an on-line Placement
Technical Questions and issues in Auditing Portal with domain name www.placement_
Secretary, icai.org. The placement portal caters to the
employment needs of the following categories
Auditing and Assurance Standards Board and
of the Members/ students:
Assurance Standards
Phone:-(95120) 3054815 (D), (011) 30110468 Campus Interviews Programme for Newly qualified
Chartered Accountants.

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All members and Semi-qualified accounting accounting professionals under the 'Registered
professionals(those who have completed only the Users' option and log in using your six digits [prefix
Articleship component of the CA Course). appropriate number of '0' (zeros) if you don't have six
digits ICAI membership number / Article registration
Both the candidates and the recruiting entities can number and password (already chosen by you while
register themselves on-line. This new technology registering).
based opportunity is a unique endeavor of the
Institute and is the first such placement portal Guidlines for Articleship abroad
launched by any professional body in India.
Training of Articled Assistant outside
Benefits: India
The http://www.placements-icai.org is a single A student staying abroad may seek admission in
window recruitment system for organisations CA Course through qualifying CPT Examination or
interested in recruiting Chartered Accountants from under Direct Entry Scheme in which a graduate/Post
the Institute's vast talent pool of members and Semi- graduate student securing prescribed percentage of
qualified accounting professionals. marks in respective examination may start articled
training after passing one group of Intermediated
Organisations registered in the portal can view the Integrated Professional Course having completed
bio-data of the registered members / semi-qualified orientation Programme & ITT. The details of CPT
accounting professionals and approach the short Course and Direct Entry Scheme of CA Course are
listed candidates for various openings (in those available on the Institutes’s website.- www.icai.org
organisations) it is to note that CA Course examination, practical
There is no need for applying for individual jobs training and allied Course Curriculum for Indian
repeatedly through the portal. Organisations who are students or students from abroad are the same.
interested the candidature of the members / semi- Often students getting registration in CA Course in
qualified accounting professionals would approach India or Abroad have such queries related to articled
them directly. training which are of following nature. Hence an FAQs
The Placement Portal provides the facility to the on training abroad are given below for information ;
members and semi-qualified accounting professionals Can a student registered with the Institute get
to see various Job openings that have appeared training outside India?
in various leading newspapers and web sites of
recruiting entities that are being posted - regularly Ans.: Yes, a student registered with the Institute may
- in the portal under the head "Notice Board: Job enroll for training outside India under an eligible
openings. member of ICAI.

How to Register on the Placement Portal? Can a Chartered Accountant practicing abroad,
train an articled assistant outside India?
- The Members/Semi-qualified Professionals
intends to utilize the placement portal for Yes, a Chartered Accountant is eligible to train an
registrations may undergo the following articled assistant provided his/her main occupation
procedure: is the practice of the profession of accountancy at
the time of engaging articled assistants as well as in
Log on URL http://www.placements-icai.org each of the qualifying years on the basis of which he
In the home page click on Qualified Chartered claims eligibility to train articled assistants. Moreover,
Accountants / Semi-qualified accounting the members would be eligible to train articled
professionals under the option New User assistant in accordance with Regulation 43.However,
a member associated with foreign CA Firm in the
Once again go to the home page and choose capacity of partner or paid assistant may also train
Qualified Chartered Accountant or Semi-qualified articled assistant under certain conditions.

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The Institute of Chartered Accountants of India

Is it necessary for a Chartered Accountant Can a Chartered Accountant employed as a Paid


training articled assistants outside India to have a Assistant or engaged as a partner in a foreign firm
professional address in India? of Chartered Accountants eligible to train articled
assistant outside India?
Ans.: Till recently, it was mandatory for a member
in practice to have a professional address in India Ans.: A member employed as a Paid Assistant or
in his own charge or in charge of another member. engaged as a partner in a foreign firm of Chartered
However in terms of the Council decision taken at its Accountants will also be eligible to train articled
291st meeting held in December 2009, a member assistants at par with the paid assistants with a firm
shall provide a professional address as envisaged in of Chartered Accountants in India. All conditions
Regulation 2(1)(xiii) as well as an address in India. As applicable to the Paid Assistants in India would be
per the said Regulation, professional address means: applicable to them as well. However, in case of a
foreign firm, such a foreign firm shall have at least
a. an address of the place where the member is one partner who is either a member of the Institute or
carrying on his profession ( or where he is carrying who is eligible to become a member of the Institute,
on his profession at more than one place, the in terms of MRA.
principal place), or
What shall be the period of practical training?
b. if a member is employed, the place of employment
or at his option the place of his residence Ans.: The period of practical training shall be 3 years,
under a practising chartered accountant abroad.
c. the place of residence, if the member neither However, the articled / audit assistant have an option
carried on the profession nor is employed. to undergo Industrial training in accordance with the
(It may please be noted that an address in India is Regulations 51 & 72 of the Chartered Accountants
essential in any of the situation) Regulations, 1988 during the last one year of training.

Can a Chartered Accountant working abroad What will be the stipend in respect of articled
impart Industrial Training to an articled assistant assistant receiving training abroad?
abroad? Ans.: The rates, terms and conditions of stipend
Ans.: The Industrial Training may be imparted by the prescribed as payable to the articled assistants
Chartered Accountants working abroad in a financial receiving training in India shall be applicable to the
commercial or industrial undertaking with minimum articled assistant receiving training abroad except
fixed assets & minimum total turnover or minimum that the same rate of stipend in equivalent terms
paid up capital as specified by the Council (whatever specified in respective national currencies of the
the value specified in terms of Indian currency may countries concerned instead of Indian rupees.
be deemed as applicable in foreign countries in their What will be the terms of office hours and
respective currencies) or such other organization working days holidays applicable to articled
or institution approved by the Council. Moreover, assistant working abroad?
the members would be eligible to impart Industrial
training in accordance with Regulation 51 and 72. Ans.: Regulation of training in terms of office hours
and working days holidays will be applicable as per
In addition to above, an organization eligible to impart local office timings and laws. However, requirements
training outside India which is not yet registered with of total training hours will be the same as applicable
the Institute may submit an application (format of in India which are given hereunder:-
application is available on our website www.icai.org)
alongwith a self declaration (in absence of Annual a) The working hours for the articled assistants shall
report) regarding minimum fixed assets & minimum be 35 hours in a week excluding the lunch break.
total turnover or minimum paid up capital of the
organization about the particulars of the undertaking. b) The office hours of the Principal for providing
article training to the articled assistant shall not

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be generally before 9.00 a.m. or after 7.00 p.m. respective Decentralized office of the Institute (i.e.
the decentralized office in whose jurisdiction the
c) The normal working hours for the articled Indian address of the member falls).
assistant shall not start after 11.00 a.m. or end
before 5.00 p.m. Will an articled assistant receiving training abroad
be eligible for secondment?
d) The working hours for the articled assistants
should not exceed 35 hours in a week excluding Ans.: Yes. The terms and conditions contained in
the lunch break and normally the articled assistant Regulation 54 and Regulation 54A dealing with
be required to work during the normal working secondment shall be applicable to the articled
hours fixed for articled assistants. assistants receiving training abroad.

e) In case of exigencies of work with Principal, an Can a Principal depute an articled assistant for
article assistant may be required to work beyond training under eligible members of accountancy
his/ her normal working hours. However, under institutions or bodies outside India (in accordance
such circumstances, the aggregate number of with Regulation 54A)
working hours shall not exceed 45 hours per
week. The requirement of work beyond 35 hours Ans.: Yes. A principal, with the consent of the articled
in a week should not be a practice but only in assistant may depute the latter for training for a
exceptional circumstances. period not exceeding 6 months, under a member
eligible to engage and train an articled assistant
Further, where the articled assistant is required to under the bye laws of an institution or body set up in
work beyond normal working hours, and aggregate the respective countries.
of such hours exceed 35 hours per week, he / she
shall be entitled to compensatory leave calculated Will such service be considered as part of practical
with reference to number of completed working training? (in accordance with Regulation 54A)
hours, over and above 35 hours per week. Ans.: Such training under members of accountancy
What are the formalities to be complied by the institutions or bodies outside India, will be considered
articled assistant getting training abroad? as part of practical training.

Ans.: Form 103 for registration of articles should be Is the articled assistant eligible for stipend during
duly filled and submitted along with such documents such period of training? (in accordance with
as mentioned in the Instruction sheet of Form 103 Regulation 54A)
along with registration fee should reach the respective Ans.: No. The provisions of stipend do not apply
Institute’s office to which the member is attached during such period of training.
within 30 days of commencement of training.
Should the articled assistant enter into a Deed
What is the registration fee applicable to such of articles for this purpose? (in accordance with
articled assistant? Regulation 54A)
Ans.: The details of registration fees as applicable for Ans.: No. There is no need either for execution of
articled assistant is given on link http://www.icai.org/ deed of articles for such training or for any intimation
resource_file/14707ipcc_enrolment_feestructure.pdf to the Institute in this regard. However the Principal
can be referred. The fee as applicable can be paid is required to include the particulars of such training
by way of Demand Draft drawn in favor of “The in the report to the Council under Regulation 64.
Secretary, The Institute of Chartered Accountants of
India” payable at the concerned Decentralized office Can a member of the Institute engage and articled
of the Institute. assistant under the bye laws of the accountancy
institutions or bodies outside India?
Where are the Forms required to be submitted?
Ans.: Members entitled to train articled assistants
Ans.: Form 103 is required to be submitted at the shall not engage any articled assistant or articled

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The Institute of Chartered Accountants of India

assistant or apprentice under the bye laws of any 3. Misconduct involving moral turpitude.
other institutions or society or body unless the person
concerned has been registered student with any of 4. Other justifiable circumstances / reasons: -
the accounting institutions or bodies whose training (ii) Grounds already permissible in the Chartered
is recognized by the Council as equivalent to the Accountants Regulations, 1988 (on submission
training prescribed for the members of the Institute. of requisite proof of the act warranting transfer/
What are the terms and conditions applicable for termination of articleship): -
training articled assistant abroad? a. Industrial Training (Regulation 51)
Ans.: The principal shall impart training in accordance b. Secondment of articles (Regulation 54)
with the guidelines contained in Training Guide. He
shall maintain a record of practical training imparted c. Conversion from PCC to IPCC (for termination
by him to the articled assistant and report to the of articles only. Re- registration of articles to
Council in the form prescribed in the training guide. be allowed only after passing Group-I of IPCC)

Further, the terms and conditions that may be made d. Death of Principal [Regulation 57(1)(c)]
applicable for training articled assistant in India
e. Ceasing of practice by the Principal [Regulation
from time to time shall mutates mutandis apply for
57(1)(a)]
training of articled assistant abroad.
f. Removal of name of the Principal from
In addition to above, the Principal and the articled
the Register of Member due to any reason
assistant shall be bound by the provision of Chartered
Accountants Act 1949 and Regulations framed [Regulation 57(1)(b)]
thereunder and such other rules and guidelines and (iii) Marriage basis (only if there is relocation to
directions issued by the Council from time to time. another city involving distance of 50 kms).
Is it possible to take transfer after completion of 1 (iv) Irregular payment or non payment of stipend
year of Practical Training? Do we need to give any with reference to Regulation 67.
proper reason to the Institute?
(v) Articled assistant desires to serve balance period
Ans.: Yes, In partial modification of the announcement of training outside India.
dated 30th June 2009 regarding transfer/ termination
of articles the Council in its recent meeting has (vi) Shifting by the Principal to another city involving
decided that the transfer/termination of articleship distance more than 50 kms.
in terms of Regulation 56(1) of the Chartered
Accountants Regulations, 1988 shall be permissible The articled assistants are required to get the consent
on the grounds as stated below:- of the Institute before getting Form 109 signed by
the Principal in their own interest.
I. Transfer /termination of articles is permitted
without any restriction during the first year of The request, on any one or more of the aforesaid
articles. grounds, of an articled assistant on a plain paper
alongwith the recommendation/ consent of the
II. During rest of the articleship period on satisfying Principal for transfer / termination of articleship
any one or more of the conditions as stated accompanied by evidence/proof (self-attested by the
below: - articled assistant) to the satisfaction of the Institute
be made. Request for transfer not accompanied by
1. Medical grounds requiring discontinuance of consent of Principal shall not be accepted. In case
articles for a minimum period of three months of dispute between principal and articled assistant,
(on production of a Medical Certificate issued by the matter be settled amicably among the articled
a Government Hospital). assistant and the principal concerned and the
2. Transfer of parent(s) to another city. Institute shall not interfere in such cases.

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If principal does not sign completion of articleship Those students who have registered IPCC with
certificate in Form 108, what we do? ATC, do they need to do articleship for an
additional year?
Ans.: Please refer to Regulation 56 of the Chartered
Accountants Regulations, 1988 and Prospectus of Ans.: students who have registered for IPCC alongwith
CA Course. ATC shall be required to complete either 12 months
work experience or prescribed period of articled
Please guide us on articleship? What kind of firm training before applying for ‘Accounting Technician
should we join? Certificate’.
Ans.: A CA student is compulsorily required to Further, it is clarified that partial completion of articled
undergo practical training i.e. articleship of 3 years. training period cannot be treated as completion
The students coming through CPT can join articleship of 12 months work experience nor based on that
only when they register for IPCC and clear its ‘Accounting Technician Certificate’ shall be issued.
Group-I/Both Group and completing the Information
Technology Training (ITT) and Orientation Course (OP). Do we need to do articleship only under a CA
The students coming through direct entry route i.e. who is practicing or can we do industrial training?
graduates and post-graduates with prescribed marks
can commence their articleship after registering for Ans.: As per Regulation 43 of the Chartered
Intermediate (IPC) and completing the Information Accountants Regulations, 1988, practical training
Technology Training (ITT) and Orientation Course is imparted only by a member who is practicing the
(OP). This training has to be done under a profession of chartered accountants in his individual
practicing Chartered Accountant. This training name or as proprietor or as partner or member who
is very useful as it gives the trainee hands is in full time salaried employee under a chartered
on experience on various aspects of chartered accountant in practice or a firm of such chartered
accountancy course i.e. Audit, Taxation, Accounts, accountants.
Law etc. The selection of firm depends upon your Further, as per Regulation 51 of the Chartered
choice of field in which you want to practice in future. Accountants Regulations, 1988, industrial training
• Please provide, the basis for calculating leave shall be received under a member of the Institute
during articleship. in any of the financial, commercial, industrial
undertakings with minimum fixed assets or minimum
Example; total turnover or minimum paid up share capital
as may be specified by the Council or such other
Ans.: Case 1: An article completed 3 years of
institution or organization as may be approved by
articleship till now. So,
the Council from time to time for the period between
Total working days: 365*3 = 1,095 days Leaves nine months and twelve months during the last year
Taken so far = 100 days Actual period Served = 995 of the prescribed period of practical training and after
days Leaves Earned = 1/6th on 995 = 165 days passing Intermediate examination/PE-II examination/
PCE/IPCE by the articled assistants.
Leave entitled (subject to sanction of leave by your
Principal) = 65 days (165-100 days) Is it compulsory to join articleship immediately
after passing IPCC?
Case 2: An article having a total articleship period of
3.5 years. So, Total working days: 365*3.5 = 1277 Ans.: Yes, it is compulsory because there is a condition
days of completion of minimum 2½ years of articleship
before appearing in Final examination.
Leaves Taken till now = 100 days Actual Period Served
= 1177 days Leaves Earned = 1/6th on 1177 = 180 Is deputation of articled assistants at branches
days (maximum) of the same firm allowed during articleship even
after 1 year from starting it?
Leaves entitled (subject to sanction of leave by your
Principal) = 80 days (180-100) Ans.: Deputation of articled assistants at branches

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The Institute of Chartered Accountants of India

of the same firm is allowed during articleship if the assistants with a firm of Chartered Accountants
principal remains the same. If there is change in the in India. All conditions applicable to the Paid
principal, then the articled assistant has to apply for Assistants in India would be applicable to them
termination as per the announcement dated 2nd July as well. However, in case of a foreign firm, such a
2010 regarding transfer/termination of articleship. foreign firm shall have at least one partner who is
either a member of the Institute or who is eligible
I have temporarily discontinued my articleship, to become a member of the Institute, in terms of
I am in fist year, can I start my articleship again MRA.
with another Principal abroad?
iv) The members shall provide a professional address
Ans.: Yes. If a student has taken a termination in the as envisaged in Regulation 2(1)(xiii) as well as an
first year, he can commence articled training later on address in India.
with the member entitled to engage and train one
or more articled assistants notwithstanding anything (As per the said Regulation, professional address
contained in Regulation 43. means: -

• Three years of articleship-Isn’t this too long a a. an address of the place where the member
tenure? is carrying on his profession ( or where he is
carrying on his profession at more than one
Ans.: No, three years of articleship is not too long place, the principal place), or b. if a member
tenure considering the fact that it grooms the CA is employed, the place of employment or at his
student in all aspects of CA course. The period of option the place of his residence c. the place
articled training is already reduced from 3.5 years to of residence, if the member neither carried on
3 years. the profession nor is employed. It may please
How many total leaves are available during be noted that an address in India is essential in
articleship? any of the situation)

Ans.: As per Regulation 59 of the Chartered v) The terms and conditions that may be made
Accountants Regulations, 1988, an articled assistant applicable for training articled assistant in India
shall earn leave at the rate of one sixth of the period from time to time shall mutates mutandis apply
for which he has actually served excluding from such for training of articled assistant abroad.
period, the period for which he has been on leave vi) The period of practical training shall be 3 years,
subject to maximum of 180 days. as applicable, under a practicing chartered
Can we do articleship & Industrial training from accountant abroad. However, the articled / audit
abroad? assistants should have an option to undergo
industrial training in accordance with the
Ans.: i) Yes, A Chartered Accountant is eligible to train Regulations 51 & 72 of the Chartered Accountants
an articled assistant provided his main occupation Regulations, 1988 during the last one year of
is the practice of the profession of Accountancy at training.
the time of engaging articled assistants as well as in
each of the qualifying years on the basis of which he vii) The Industrial Training may be imparted by the
claims eligibility to train articled assistants. Chartered Accountants working abroad in a
financial, commercial or industrial undertaking
ii) Any member engaged in any other business, with minimum fixed assets & minimum total
occupation or holding part time certificate of turnover or minimum paid up capital as may
practice is not entitled to train articled assistant. be specified by the Council (whatever the value
specified in terms of Indian currency may be
iii) Any member employed as a Paid Assistant
deemed as applicable in foreign countries in their
or engaged as a partner in a foreign firm of respective currencies) or such other organization
Chartered Accountants will also be eligible to
or institution approved by the Council. In case of
train articled assistants at par with the paid
a member employed outside India, and eligible to

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impart Industrial training outside India, is unable break and normally an articled assistant be required
to submit Annual Report/Balance sheet of the to work during the normal working hours fixed for
corporate/undertaking the member is working articled assistants.
with, the member may submit a self declaration
about the particulars of the undertaking along e.In case of exigencies of work with Principal, an
with the application. article assistant may be required to work beyond his
/ her normal working hours. However, under such
viii) The terms & conditions contained in Regulation circumstances, the aggregate number of working
54 and Regulation 54A dealing with secondment hours shall not exceed 45 hours per week. The
shall be applicable to the articled assistants requirement to work beyond 35 hours in a week
receiving training abroad. should not be a practice but only in exceptional
circumstances.
ix) The Principal shall send training reports as
prescribed along with the service certificate to be Further, where the articled assistant is required to
issued in Form 109 & 108 as the case may be. work beyond normal working hours, and aggregate
of such hours exceed 35 hours per week, he / she
x) The principal shall impart training in accordance shall be entitled to compensatory leave calculated
with the guidelines contained in Training Guide. with reference to number of completed working
He shall maintain a record of practical training hours, over and above, 35 hours per week.
imparted by him to the articled assistant and
report to the Council in the form prescribed in the Further conduct of training will be regulated as per
training guide. provisions of the relevant Regulations 60, 65, 66, 67
of the Chartered Accountants Regulations, 1988.
xi) The rates, terms and conditions of stipend
prescribed as payable to the articled assistants What should be done if our CA is not giving
receiving training in India shall be applicable to stipend?
the articled assistants receiving training aboard
except that the same rate of stipend in equivalent Ans.: It should be brought to the notice of the
terms specified in respective national currencies of Institute and appropriate action will be taken in
the countries concerned instead of Indian rupees. the matter under Regulation 67 of the Chartered
Accountants Regulations, 1988.
xii) Regulation of training in terms of office hours
and working days holidays will be applicable What are the requirements of getting articleship
as per local office timings and laws. However, in big “articleship firms”.
requirements of total training hours will be the Ans.: Different firms have different criterion for
same as applicable in India, the terms of which selecting articles. There is no set criterion from
are given hereunder: - Institute’s side.
a. The working hours for the articled assistants Industrial training should be made compulsory
shall be 35 hours in a week excluding the lunch and every corporate must keep a CA Final student
break. as a trainee. Is it possible?
b. The office hours of the Principal for providing Ans.: We cannot impose any condition on any
article training to the articled assistant shall corporate to keep industrial trainees
not be generally before 9.00 a.m. or after 7.00
p.m. I want to go to industrial training before
completing my articleship. Sir, what can one do
c. The normal working hours for the articled for it?
assistant shall not start after 11.00 a.m. or end
before 5.00 p.m. Ans.: An industrial training can be done only after
passing Intermediate examination/PE-II examination/
d.The working hours for the articled assistants should PCE/IPCE and for the period between nine months
not exceed 35 hours in a week excluding the lunch

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The Institute of Chartered Accountants of India

and twelve months during the last year of the as per Regulation 54, 56 and 51 of the Chartered
prescribed period of practical training. For this you Accountants Regulations, 1988.
have to approach companies which have been
approved by the Council and already registered with What would be your advice to article assistants?
ICAI for imparting industrial training. How do we manage both studies and articleship?

Why is there no transparency in the recruitment Ans.: You have to plan out in a way that you are able
of articles. Despite the fact that why one has to do justice to both articleship and studies. Chalk
scored well in the exams still the reference is to be out a proper time table depending upon availability
applied for training? of time and your capabilities. Once properly framed,
just adhere to it. For detailed guidance in this regard,
Ans.: The Institute does not have any role please refer to the Institute’s publication How to face
in placement of articles. However, for the CA examination.
convenience of students and firms the Institute has
started On-line Article Placement Portal where firms The Institute announced that articled students can
desiring to keep articles and students desiring for find their firm through on-line Article Placement
doing articleship register themselves for placement. Portal.
The selection procedure is entirely the domain of the Ans.: The Institute provides the facility of On Line
registering firm in which the Institute does not have Articles Placement Portal. This portal provides a
any role to play. platform to the firms of Chartered Accountants
I an unhappy with my training due to non having vacancies for Articled Assistants to select
availability of work in the office. Most of the time, eligible students and the candidates who are eligible
we sit idle in the office. There is no work of any for undergoing articled training. Both eligible firms
company Bank VAT & ST. We are busy only in and candidates have to register themselves online
few months when filing the ITR. We want to give through the articles placement portal. Please visit
more hour to training but want to learn company http://bosapp.icai.org for details regarding this
Audit, bank audit etc. What should we do? facility.

Ans.: A student may opt for secondment,


termination of articleship, Industrial training
for gaining practical experience in different areas

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The Institute of Chartered Accountants of India

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The Institute of Chartered Accountants of India ICAI Bhawan, 7, Anandilal Poddar Sarani,
ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, Russell Street, KOLKATA – 700 071
NEW DELHI – 110 002 Tel: (033) 39893989
Tel: (011) 39893989 Email: ero@icai.in
Email: icaiho@icai.in Website: www.eircicai.org
Website: www.icai.org
Ý»²¬®¿´ λ¹·±²
ICAI Bhawan, C-1, Sector 1, ICAI Bhawan, 16/77-B, Civil Lines,
NOIDA - 201 301, Dist. Gautam Budh Nagar, (U.P.) KANPUR – 208 001
Tel: (0120) 3989398 Tel: (0512) 3989398
Email: cro@icai.in
ICAI Bhawan, A-29, Sector 62 Website: www.circ-icai.org
NOIDA - 201 309, Dist. Gautam Budh Nagar, (U.P.)
Tel: (0120) 3045900 Ò±®¬¸»®² λ¹·±²
ICAI Bhawan, 52, 53 & 54, Institutional Area,
É»-¬»®² λ¹·±² Vishwas Nagar, Shahdara,
ICAI Tower, Plot No C-40, G Block DELHI – 110 032
Bandra Kurla Complex, Bandra (East) Tel: (011) 39893990
Mumbai - 400 051 Email: nro@icai.in
Tel: (022) 33671400/33671500 Website: www.nirc-icai.org
Email: wro@icai.in
Website: www.wirc-icai.org

ͱ«¬¸»®² λ¹·±²
ICAI Bhawan, 122, Mahatma Gandhi Road, Post Box
No. 3314 Nungambakkam, CHENNAI – 600 034
Tel: (044) 30210356
Email: sro@icai.in
Website: www.sircoficai.org

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copied, performed in public, published or printed without the prior permission of ICAI."

The Institute of Chartered Accountants of India


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