The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest. 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 constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders. Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base. With the objective of Capacity Building of MSMEs & Start-up, the Institute is responsive to the emerging challenges of MSMEs & Start-ups and constitutes the Committee on MSME & Start-ups for effectively meeting newer challenges.
Terms of Reference
With the objective of Capacity Building of MSMEs & Startup, the Institute is responsive to the emerging challenges of MSMEs & Startups and constitutes the Committee on MSME & Start-ups for effectively meeting newer challenges with the following terms of reference:
- To address the issues & challenges faced by MSMEs & Startups, review the impediments and to suggest measures/changes in this regard for strengthening and developing the capacity of MSMEs & Startups enhancing their competence and improving their visibility amongst the business community and to develop & Provide the Capacity Building Measures for the enhancement of the Portfolio of the MSMEs & Startups.
- To promote the MSMEs & Startups by way of encouraging collaboration amongst the professionals/experts in the relevant fields and establishing the Bridge among the appropriate authority & MSMEs/Startups by means of various endeavors in Capacity Building & other Measures for them.
To conduct/arrange the Workshops/Summits/Conferences/Seminars/ Brainstorming Sessions/Interactive Sessions/ MDPs/EDPs/FDPs/Training programme/Train the Trainer/ Residential Refresher Courses/ Orientation programme/Residential Programme/Mentoring Programme/Virtual CFO/ Award Function with respect to MSMEs & Start-ups/ Virtual CPE Programmes/Capacity Building Programme/ Interactive programme/Brainstroming Programme/ Other Programmes /Helpdesk/MSME Exchange/ Courses/ Refresher Courses/ Certificate Courses/Post Qualification Courses to adopt, execute and implement such measures using tools of learning, physical and virtual, as may provide opportunity to the Members /other than Members by the Committee & arrangement for Survey/ Research Programme/ post qualification Academic Programme/ Knowledgebase programme/other programme in collaboration with Universities/Eminent Institutes / government Agencies/Non-Government Agencies/Any other Agencies/any other entities in India/Abroad by the Committee and develop ways & means to enhance the knowledge base of Members/ other than Members to enable them to manage the MSMEs & Start-ups.
To develop or provide IT enabled services for Members/other than Members to create or provide knowledge contents/ portals/ other contents in various forms for facilitating requirements of MSMEs & Startups and to release Publications/ Material/Reference Material or Knowledge matter or Electronic matter or E-learning or Tools or Booklets, Pamphlets, Brochures, Monograms, Digital mobile app, Social media tools on the various issues of MSMEs & Startups and to facilitate and improve skills in all field of finance, Accounts, Tax and Audit and other contemporary subject of professional interest of MSMEs & Startups and to take all steps and actions required for creating the IT platform for MSMEs & Startups for developing a technical forum for enabling them to provide effective and value-added services.
Facilitating Beneficial Products and/or Services for Skill Development, Knowledge Management, Personal/Professional Security/Benefits etc. and such other products/services for professional growth & development of MSMEs & Startups.
To prescribe/recommend the Guidelines/ Consultative Paper/Working papers & any other papers/documents/matters with respect to MSMEs & Startups & to undertake or assist research/ surveys/any other tools in terms adoption of the findings so as to help government/MSMEs & Startups/other entities to meet the expectation of the stakeholders.
To Interact/Network with MSME/Other Ministries/ National/International entities & MSMEs/Startups and organize the programme with them for MSMEs & Startups to enable them to carve out opportunities available for them.
To Assist in Establishing Incubation Centers, Start-ups, MSMEs or any other set up pertaining to the MSME & Start-ups and to explore and develop new avenues of the Members/other than Members in MSMEs & Startups.
To develop ways & means for Empowerment of MSMEs & Start-ups through various focused endeavours undertaken by the Committee for them from time to time.
To carry out such other matters relating to MSMEs & Startups.
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