![]() Setting up of two Branches of Students' Associations at Rajkot (WIRC) and Mysore (SIRC) Setting up of a new Branch of Regional Council at Jamnagar in Western Region Review of norms for nomination of Institute's representatives on National / International bodies including Committees, sub-Committees, etc. Some of the important recommendations made by the Committee to the Council are on matters relating to: This Committee looks after the maintenance of various registers pretaining to students / members / firms, admissions, removal and restoration of members, consideration of matters relating to members including issue of certificate of practice, all matters relating to students including according permission to them, condonation of delay on the part of students / members / firms, matters connected with Branches including opening of the new Branches, opening of new Chapters aborad and those connected with employees, maintenance of accounts etc. The Council wishes to place on record its appreciation of the services rendered by them. Bubber, FCA and Shri Rajiv Rastogi, FCA were the Joint Auditors of the ICAI for the year 2001-2002. During the year ended 31st March 2002, 154 meetings were held of various Committees of the Council as compared to 101 meetings held during the year ended 31st March, 2001. Having regard to the developments that had taken place sinice then, certain tasks-specific Board(s) / Group(s) / Committee(s) have been constituted, and while doing so, provision for representation to appropriate bodies / regulators have been duly made, whereever required. ![]() The Council, in terms of Section 17 of the Chartered Accountants Act, 1949 constituted on 5th February, 2002 three Standing, one Adhoc Committee and various Non Standing Committees to deal with matters concerning the profession. The composition of the Council for the year 2002-2003 commencing from 5th February, 2002 is shown separately In terms of the provisions of the Chartered Accountants Act, 1949, the Council should be composed of 30 members - 24 elected members and 6 members to be nominated by the Central Government. The Eighteenth Council was constituted on 5th February, 2001 for a period of three years upto 4th February, 2004. The important activities and major initiatives of the ICAI upto the end of August 2002 have also been breifly mentioned for the benefit of members, students and others concerned. The Report highlights the important activities of the Council and its various Committees and also covers, the seminars / conference organised, training programmes conducted, pertinent data relating to members and students as also the accounts of the Institute for the year 2001-2002. This has been achieved by excellence, independence and integrity displayed by the members and students all along. The Council commends the members and students for the respect which the Chartered Accountancy profession commands today in the Society. The Institute of Chartered Accountants of India (ICAI), which was set up by an Act of Parliament on 1st July, 1949, entered into its 53rd year of existence during the year. ![]() The Council of the Institute of Chartered Accountants of India has immense pleasure in presenting its 53rd Annual Report for the year ended 31st March 2002. No.1-CA(5)/53/2002:- In pursuance of sub-Section (5) of Section 18 of the Chartered Acountants Act 1949, a copy of the Report and the Audited Accounts of the Council for the year ended 31st March, 2002 is hereby published THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA MEMBERS OF THE EIGHTEENTH COUNCIL (2002-2003)
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