Enrollment of ICWAI Inter passed Students as a trainee at ONGC Limited.

ONGC is also looking forward to enroll fresh student for training for 12 month with following
parameter:

1. 60% or more marks both in 12th and Graduation with ICWA-Inter
2. Ability to use Laptop and bring for working
3. Consolidated stipend of Rs.5000/- per month
4. Locations: Mumbai/Delhi/Chennai/Uran-Mumbai/ Hazira-
Surat/Ankleshwar/Kolkata/Agartala/Jorhat/Sibsagar/Rajamundry
5. Interested student can Email their CV to icwaitrgongc@gmail.com by 20th June 2011

Announcement-Assessment Test of the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI - (02-06-2011)

It is notified for the information of all the registered members pursuing Certificate Course on International Taxation of the ICAI that the Assessment Test of the Course is proposed to be conducted on Sunday 3rd July, 2011 from 2.00 PM to 5.00 PM in the following centres: New Delhi Mumbai Kolkata Bangalore Ahemdabad

Eligibility criteria for appearing in the Assessment Test:

1.   Members who had registered for the Certificate Course and attended the same but not yet appeared for the Assessment Test.

2.   Members who had appeared for the Assessment Test but not declared successful. Such members may reappear by paying the fees of Rs. 1000/-. The fees may be paid through Demand Draft in favour of “The Secretary, The Institute of Chartered Accountants of India” payable at New Delhi only and forward the same to the following address:

Secretary, Committee on International Taxation, The Institute of Chartered Accountants of India, ICAI Bhawan, Research Block, 1st Floor, A-29, Sector-62, Noida (U.P.) - 201301, India

Members intending to appear in the Assessment Test should inform the office latest by Monday 20th June, 2011 on the e-mail citax@icai.org

TOP 10 Rank List for Dec 2010 Examination-FINEL ICWAI

IN ORDER

rank/roll no/reg no/name/code/center/srl no


1  564780  SRS/030860  ARAVAPALLI SUSHMA SIREESHA  218(0)  VIJAYAWADA  72101

2 496431  WRR/004042  AKHIL LALIT ROONGTA                  113(0)   NASHIK               66691

2 533471  SRR/011015   ANAGHA K.P.                                      203(0)   ERNAKULAM     70706

3 570820  SRS/042901    K. SAMPATH KUMAR                        227(0) VIJAYAWADA    70375

4 565571  SRS/025504     K DILEEP KUMAR                              218(0)  VIJAYAWADA    73025

5 591283  ERS/010802      MUKESH AGARWAL                        303(0)   BHUBANESWAR 75800

6 611312  ERR/002693       GOURAV PERIWAL                          311(0)  HOWRAH             75521

7 571585  SRR/009196      SAI HARINI D.                                    227(0)  VIJAYAWADA   70429

8 545811  SRS/026767       B HARESH                                           206(0)    CHENNAI        71984

9 611427  ERR/002738     VINAY JAIN                                        311(0)       HOWRAH      75518

10 620732 NRR/006399     KARAN GOGIA                                  403(0) CHANDIGARH  80442

10 539974 SRS/028519      MANOJ KUMAR B                             204(0) HYDERABAD 72288

Exam details- June 2011-ICWAI

(a) Application Forms for Foundation Course, Intermediate and Final Examinations are available from Institute’s Headquarters at 12, Sudder Street, Kolkata, Regional Councils and Chapters of the Institute on payment of Rs. 30/- per form. In case of overseas candidates, forms are available at Institute’s Headquarters only on payment of US $ 10 per form. (b) Students can also download the Examination Form from ICWAI Website at www.icwai.org. In case of downloaded form Rs.30/- should be added extra towards the cost of the form. c) Students can also submit the form online. Last date for receipt of Examination Application Forms without late fees is 11th April, 2011 and with late fees of Rs. 300/- is 20th April, 2011. Examination fees to be paid through Bank Demand Draft of requisite fees drawn in favour of the Institute and payable at Kolkata. Students may submit their Examination Application Forms along with the fees at ICWAI, 12 Sudder Street, Kolkata – 700016 or Regional Offices or Chapter Offices. Any query can be sent to Sr. Director (Examination) at H. Q. Finance Act 2010, involving Assessment Year 2011-2012 will be applicable for the subjects Applied Direct Taxation (Intermediate), Applied Indirect Taxation (Intermediate) and Indirect & Direct – Tax Management (Final) for the purpose of June 2011 term of Examination under Revised Syllabus 2008. Examination Centres : Examination Centres: Agartala, Ahmedabad, Akurdi, Allahabad, Asansol, Aurangabad, Bangalore, Baroda, Berhampur(Ganjam), Bhilai, Bhopal, Bhubaneswar, Bilaspur, Bokaro, Calicut, Chandigarh, Chennai, Coimbatore, Cuttack, Dehradun, Delhi, Dhanbad, Durgapur, Ernakulam, Faridabad, Ghaziabad, Guwahati, Hardwar, Howrah, Hyderabad, Indore, Jaipur, Jabbalpur, Jalandhar, Jammu, Jamshedpur, Jodhpur, Kalyan, Kannur, Kanpur, Kolhapur, Kolkata, Kota, Kottayam, Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Mysore, Nagpur, Naihati, Nasik, Neyveli, Noida, Panaji (Goa), Patiala, Patna, Pondicherry, Pune, Rajahmundry, Ranchi, Rourkela, Salem, Shillong, Solapur, Surat, Thrissur, Tiruchirapalli, Tirunelveli, Trivandrum, Udaipur, Vapi, Vashi, Vellore, Vijayawada, Vindhyanagar, Waltair and Overseas Centres at Dubai and Muscat. A candidate who is completing all conditions will only be allowed to appear for examination Probable date of publication of result : Foundation – 2nd August 2011 and Inter & Final – 22nd August 2011. Examination Fees Group (s) Final Examination Intermediate Examination Foundation Course Examination One Group (Inland Centres) (Overseas Centres) Rs.950/- US $ 100 Rs.850/- US $ 90 Rs.800/- US $ 60 Two Groups (Inland Centres) (Overseas Centres) Rs.1800/- US $ 100 Rs.1600/- US $ 90 C. Bose  Sr. Director (Examinations)

ICWAI urges Government for more regulatory powers

The Institute of Cost and Works Accountants of India (ICWAI) had urged the Government to empower the Institute through their members for more regulatory powers.

Mr. G.N. Venkataraman, President ICWAI urged the Ministry of Corporate Affairs to allow level playing field and strategic framework for the profession. He emphasized the urgent need to move from compliance governance to business governance.

While suggesting reforms to Mr. Salman Khurshid, Minister for Corporate Affairs, the Institute said that Cost Accountants must be allowed to attest and certify statement under Revised Schedule VI and the name of institute must be changed to the Institute of Cost & Management Accountants of India.

Mr. Khurshid expressed confidence that, "Under the present scenario, the Cost and Management Accounting professionals can play a major role in government initiative to control the inflation and make essential goods and services available to the public at a reasonable price".

Addressing the institute at ICWAI Bhawan, Khurshid said that the Expert Group constituted by the Ministry of Corporate Affairs to review Cost Accounting Records Rules, Cost Audit Report Rules and the Cost Accounting Standards in the present economic scenario has done excellent work.

"The Group has made valuable recommendations with the objectives of making the Indian industry more competitive while appreciating the need to position Cost Audit in the enterprise governance structure", he said.

In a bid to provide more visibility to the Institute and the profession of cost & management accounting, ICWAI suggested for acceptance and implementation of some of the recommendations of the Expert Group.

The Institute also suggested the following:

- Redraft the proposed provisions for cost accounting and cost audit to remove the anomalies under proposed clause 131 of the new Companies Bill, 2009 vis-à-vis Section 209 (1) (d) and 233 (b) of the Companies Act 1956

- Inclusion of ICWAI representative in the Expert Group for IFRS constituted by MCA.

- Inclusion of Cost Accountant in the audit of LLP Accounts.

- Inclusion of Cost Accountants within the definition of "Accountants" of the Direct Tax Code Bill 2009, Clause 284 (2).

'Bill to change ICWAI name to be introduced in Parliament'

 bill to change the name of Institute of Cost and Works Accountants of India (ICWAI) to Cost and Management Institute of India would soon be introduced in Parliament, ICWAI President G N Venkataraman said here on Friday.

He told reporters here that the minister concerned has given an assurance in this regard.


He said the name change would eliminate the disadvantage faced by Indian professional accountants, who despite being cost and management accountants, are treated as 'works' accountants abroad.

Earlier, he inaugurated the two-day All-Kerala Cost Convention, attended by nearly 300 delegates.