Latest news with #ICMAI
Time of India
28-05-2025
- Business
- Time of India
ICMAI's city chapter bags award
Vadodara: The Baroda chapter of the Institute of Cost Accountants of India (ICMAI) has been awarded the Best Chapter Award in Category A during the national chapters meet held recently in Bhubaneswar, Odisha. The award was presented by ICMAI president Vibhuti Bhushan Nayak and vice president TCA Srinivasa Prasad at the national conference. Representing the Baroda chapter, chairperson Amrita Vyas — the first woman to hold the post — and vice chairperson Priyank Vyas received the honour on behalf of the team. The western region of ICMAI comprises five states — Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, and Goa — along with the union territories of Diu-Daman and Dadra and Nagar Haveli. The Baroda chapter stood out among its peers due to its consistent efforts in promoting CMA (Cost and Management Accounting) courses, strengthening industry associations, conducting membership drives, and launching professional development initiatives. "This award is a recognition of our chapter's commitment to professional excellence and outreach," said chairperson Amrita Vyas.
Time of India
17-05-2025
- Business
- Time of India
Baroda chapter of ICMAI gets its first chairwoman
Vadodara: Marking a milestone in its 58-year history, the Baroda chapter of The (ICMAI) has a woman chairperson for the first time. was appointed the chairperson for 2025-26. Vyas, who earned her cost and management accountant (CMA) credentials in 2012, has actively contributed to the institute since joining its managing committee in 2013. Tired of too many ads? go ad free now "The is designed to train professionals in management strategy, cost audit, regulatory frameworks and financial analysis. I look forward to further strengthening the role of CMAs in diverse sectors and advocating for their recognition under the Income Tax Act and in the cooperative sector," said Vyas. ICMAI is one of India's three premier professional bodies in the financial domain. "There are expanding opportunities for CMAs in fields such as cost audit, financial and tax management, direct and indirect taxation, banking, and investment analysis," she said, adding that CMA qualifications are also highly regarded in central and state govt finance departments. The new team of the Baroda chapter includes Priyank Vyas as vice-chairperson, Vandit Trivedi as secretary and Mohit Nagdev as treasurer.
Yahoo
04-04-2025
- Business
- Yahoo
ICMAI president supports potential merger of CA, CS, and CMA
The Institute of Cost Accountants of India (ICMAI) president Bibhuti Bhusan Nayak has expressed support for the potential merger of the professional bodies representing Chartered Accountants (ICAI), Company Secretaries (ICSI), and Cost Accountants (ICMAI). He stated that this support stands if the government decides to integrate these entities. He said: 'If the merger is beneficial to the nation, we have no objection and will fully support it.' He emphasised the need to establish a structure that fosters improved governance, transparency, and efficiency within the financial and regulatory systems. Nayak acknowledged the complexities involved in merging the institutes but highlighted the long-term advantages for the nation. He added: 'We will need to brainstorm on the modus operandi, terms and conditions, and management structure. There are many aspects to consider to ensure it is managed effectively.' His comments come in the midst of the ongoing debate concerning the eligibility of ICMAI and ICSI professionals to perform tax audits, as proposed in the Income Tax Bill, 2025. The Institute of Chartered Accountants of India (ICAI) president Charanjot Singh Nanda had opposed the inclusion of company secretaries and cost accountants in the definition of 'accountant'. This stance was in response to recent appeals from ICSI and ICMAI to be recognised as 'accountants' under the Income Tax Bill, 2025. It is noted that some industry professionals have suggested that uniting the three institutes could resolve this issue by enabling experts from all three disciplines to conduct tax audits. Nayak emphasised that national interest should take precedence over individual professional recognition while addressing concerns about the potential impact on current professionals. He also pointed out the difficulties faced by students who invest in their education but may not receive equal recognition compared to their peers in other professional fields. He believes that a thoughtfully planned merger could address these issues, fostering a stronger sense of professional identity and enhancing career opportunities for members. "ICMAI president supports potential merger of CA, CS, and CMA" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
