The Institute of Cost Accountants of India said that Vijender Sharma has been elected as the new president and Rakesh Bhalla as vice-president for 2022-23. The institute, which is a statutory body set up under an Act of Parliament, comes under the administrative control of Union Ministry of Corporate Affairs. Mr. Vijender Sharma was Vice President and CMA Rakesh Bhalla was Central Council member and Chairman of Direct Tax Committee of the Institute in previous term 2021-22.
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Who is Vijender Sharma?
Sharma is a fellow member of ICAI and a law graduate. He is a leading practising cost accountant since 1998 and insolvency professional since January 2017. He has an experience of over 22 years in diversified areas of financial, cost and management accounting, internal audit, management consultancy, forensic audit, insolvency and liquidation, etc.
Who is Rakesh Bhalla?
Bhalla is a fellow member of ICAI and a commerce graduate. He had also been elected Chairman (2011-12) of northern council of the institute and has expertise in the field of Accounting, Costing, Direct and Indirect taxation with wide exposure to systems and audits.
About the Institute of Cost Accountants of India:
The Institute of Cost Accountants of India (ICAI-CMA) is a statutory body constituted under an act of the Parliament and is the regulator for the profession of Cost and Management Accountancy in India. Its qualified members are specialized in the field of Costing, Valuation, Insolvency Bankruptcy Code-2016 and Goods & Services (GST) Acts. The institute is also member of International accounting bodies. Having more than 60000 qualified members across the world.
Important takeaways for all competitive exams:
- Institute of Cost Accountants of India Founded: 28 May 1959;
- Institute of Cost Accountants of India Headquarters: Kolkata, India.