The Council of the Institute of Chartered Accountants of India (ICAI) elected its new President & Vice-President for the term 2021-2022. CA. Nihar N Jambusaria has been elected as the President and CA. (Dr.) Debashis Mitra has been elected as the Vice-President of ICAI. With over 3.15 lakh members and more than 6.50 lakh active students, ICAI ranks amongst the largest accounting bodies in the world.
CA. Nihar N Jambusaria, a man of professional wisdom, vision and strong organisational skills with a firm belief in all round inclusive growth of Indian Chartered Accountancy profession, is a Fellow Chartered Accountant from Mumbai. He is currently serving ICAI for third consecutive term i.e. 2013-16, 2016-19 and 2019-22. CA. Jambusaria qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years. He has been a prolific speaker at national and international forum. As an academician and an orator par excellence, he has attended and contributed to numerous national and international seminars. He has addressed more than 900 seminars, conferences so far covering various subjects of professional interest like Direct Tax, Accounting Standards, International Tax and Professional Development and alike.
CA. Jambusaria is member of very important committees constituted by the Government and Regulators relating to policy formation that include Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board- both constituted by the C&AG of India. He is also a Board Member, Insurance Regulatory & Development Authority (IRDA),Insurance Advisory Committee and Apex Committee of IRDA, and Member of SEBI’s Primary Market Advisory Committee. He has also been nominated on the Review Committee for the B.Com (Hons) and B.Com New Syllabus for all Universities in the Country by the University Grants Commission(UGC). He was a Member of the e – Commerce Committee formed by the Ministry of Finance and Peer Review Committee of the Central Board of Direct Taxes.
CA. (Dr.) Debashis Mitra, with his unequivocal commitment has been elected as the Vice-President for the year 2021-22. After being part of the Central Council of ICAI for the period 2016-19, Dr. Mitra is serving his second consecutive term in the Council for the period 2019-22. With great vigour and enthusiasm, he has been serving the accounting profession for last more than 34 years.
Academically erudite Dr. Mitra, a senior practising member, is also a Cost Accountant, Company Secretary, holds a Master Degree in Commerce, is a Law graduate and a qualified Information Systems Auditor. With keen interest in academic research, he is a doctorate in the complex and intrigue area of Accounting Standards and has been awarded Ph.D. on the topic ‘A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS.’
A persuasive and intense trainer, he is renowned for his interactive deliberations in International Financial Reporting Standards (IFRS) and Corporate Laws. He has trained several officials of many corporate and non-corporate entities as well as Central and State governmental organisations. An avid speaker, he passionately shares his deep and incisive knowledge in India & abroad at various events organised by the ICAI, trade organisations and other reputed Institutes. A seasoned strategist and leader to the core, he is the President of Rotary Club of Calcutta, the oldest running Rotary Club in Asia, as well as former National President of The Institute
of Internal Auditors (India).