The Institute of Chartered Accountants of India(ICAI) has elected CA Nihar Jambusaria as the President for FY 2021-22. CA Debashis Mitra is elected as the Vice President of the Institute. The tenure of the current President CA Atul Gupta has expired this February. Earlier, CA Nihar N Jambusaria was elected as the Vice President of the Institute of Chartered Accountants of India (ICAI) for the year 2020-21 wherein he served for third consecutive term i.e. 2013-16, 2016-19 and 2019-22. A seasoned professional from Mumbai and associated in Industry, CA. Jambusaria qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years.
CA. Jambusaria is appointed as a Member of theIFAC Professional Accountants in Business Committee for three years starting from January 2021. CA Jambusaria has been nominated as ICAI representative as Member for Committee on Corporate Governance Guidelines for Insurers of IRDA in India. He has also been nominated on the Review Committee for the B.Com (Hons) and B.Com Commerce New Syllabus for all the Universities in the Country by the University Grants Commission(UGC).
CA. Jambusaria has represented ICAI in many important committees constituted by the Government Ministries/ Regulators. He has been nominated as a Member of the e-Commerce Committee formed by the Ministry of Finance and Peer Review Committee of the Central Board of Direct Taxes. He has made noteworthy contributions in whatever capacity he served the profession, particularly as the Chairman of Ind AS Implementation Committee, ICAI, International tax Committee, and various other important Committees/ Board of ICAI. He has also served as a Member of the SAFA Committee on Professional Accountants in Business ( PAIB).CA Debashis Mitra is elected as the Vice President, who is a senior member having extensive experience of more than Thirty-three years. Besides being a practicing member, he is a Cost Accountant, Company Secretary, Law graduate, and a qualified Information Systems Auditor. He was awarded Ph.D. for his Thesis ‘A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS.’ Being a trainer in International Financial Reporting Standards (IFRS) and Corporate Laws, he has trained officials from many corporate and non-corporate entities including Central/State PSUs and the Office of Comptroller & Auditor General of India (CAG).