In pursuance of Regulation 81(5) of the Chartered Accountants Regulations, 1988, read with Rule 4 of the Chartered Accountants Students’ Association Rules (as contained in Appendix No. (5) to the Chartered Accountants Regulation 1988), the Council of the Institute of Chartered Accountants of India is pleased to announce the setting up of a Branch of Central India Chartered Accountants Students’ Association at Ujjain with effect from January 6th 2015.

The Branch shall be known as Ujjain Branch of CICASA.

As prescribed under Rule 4(b) of the Chartered Accountants Students’ Association Rules, the

Branch shall, at all time function subject to the control, supervision and direction of the Central Council, exercised through the Regional Council or the Regional Students’ Association and shall be governed by the directions issued by the Central Council from time to time, for the functioning of the Branches of Students’ Association or such other directions that may be issued from time to time.

Sd/- (V. Sagar) Acting Secretary

cj Revised Rate of Stipend for Artieled Assistants


In a latest move to serve the cause of our students, the Institute has decided with immediate effect (i.e. 23rd January 2015) to double the stipend rates for each of the year payable to the articled assistants pursuing Chartered Accountancy Course.

A notification issued in this regard to revise the Regulation 48 of the Chartered Accountants Regulations, 1988, is available on the website of the ICAI at the link ir25906-sas.pdf The stipend rates so revised are as follows:


During the second year of training



During the
period of

Cities/towns having a

population of four lakhs and            ? 1,500/-                 ?2,000/-                   ^2,500/-

above but less than twenty lakhs Cities/towns having a

population of less than four             ^1,000/-                  ^1,500/-                   ?2,000/-


This is brought to the knowledge of articled assistants and the principal for compliance thereof.

  1. Sagar Acting Secretary, ICAI

Commencement of Certificate Course on Forex and Treasury Management

The Committee on Financial Markets and Investors’ Protection (CFM&IP) is one of the Non-Standing Committees of the ICAI which conducts Certificate Course on Forex and Treasury Management (FXTM) for professional development of members in this field. The aim of this Course is to provide a platform to the members to interact with the experts and to understand the recent developments in the field of Forex and Treasury. Moreover the course was designed so as to enable candidates to understand and conquer the complexities of Forex and Treasury management and to develop skill sets which would be required for making sound financial decisions. It is important to know the intricacies of Forex Risk Management especially during these times when Indian rupee fluctuations causing a lot of financing strain on the importers of products and services and for organisations having foreign currency loans.

The Committee will be starting new batches of Certificate Course on Forex and Treasury Management in Chennai and Kolkata on 9th May, 2015 and 16th May, 2015 respectively. Registration for the Course has commenced and registration will be on first come first served basis in view of limited seats.

For more information and updates and for making online payment please visit: post.html?post_id=3552&c_id=266 and www.icai. org

Course Fee: ? 17,500 (Rs. Seventeen Thousand Five Hundred Only). The fee can also be paid through Cheque/D.D. drawn in the favour of “The Secretary, The Institute of Chartered Accountants of India”, payable at New Delhi. The participants of this course will be given 48 CPE Hrs after the completion of the course.

Hardcopy of Registration form should be sent at the following address after affixing photograph and signature of the participant:

The Secretary,

Certificate Course on Forex and Treasury Management Committee on Financial Markets and Investors’ Protection ICAI Bhawan, Administrative Block, 8th Floor,

A-29, Sector 62, NOIDA – 201309

For any query or further details please contact us at 0120-3045-945/ +91-8130527979, or mail us at

[email protected]

Imitation for the Articles

The Committee on Management Accounting (CMA) invites research articles, write-ups and other similar materials in the areas of Management Accounting and Financial Management for publishing in its journal. The Institute publishes a quarterly Journal “Management Accounting and Business Finance”. It is an outstanding output of Committee on Management Accounting of its continuous endeavor to promote research activities in the wide fields of Management Accounting and Business Finance.

The articles submitted for consideration of publication should be of 4,000-6,000 words typed double space on A4 size paper with 1 inch margin all around. In order to facilitate the blind review

process, the author should not mention his/her name on the body of the manuscript. Soft copy (MS Word) of the article may be send to [email protected] Three hard copies of the same may be sent at the following address:


Committee on Management Accounting (CMA), 3rd Floor, Administration Block,

A-29, Sector 62, Noida- 201309 (UP)

Phone No: 0120-3045905 Email id: [email protected]

Authors may note that in appreciation of their contribution to the MABF journal an honorarium of ^5,000/- per article would be paid to them.

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