75 Days MSME Yatra Programme Will Be Launched By ICAI In Mumbai
As a prompt response to the needs of MSME, the Institute of Chartered Accountants of India or the ICAI has decided to introduce the MSME Yatra programme on August 18, 2022 in the city of Mumbai in Maharashtra.The program’s main objectives are to synergize, coordinate, and capitalise on the numerous excellence strands promotingentrepreneurship and innovation.
The MSME Yatra Vehicle will travel more than 14,000 miles throughout cities in India during its 75-day journey, which will end on November 18, 2022, in order to highlight the MSME ecosystem.
The National Small Industries Corporation Limited or the NSIC, along with the State Bank of India or SBI, Small Industries Development Bank of India or the SIDBI, and MSME Ministry all support the project.The MSME Yatra programme, which will take place from 4:30 pm to 7:30 pm on the chosen days and the selected cities, will offer a forum for the improvement of MSMEs’ knowledge and competence along with its functioning.
Additionally, it will host the ICAI MSME Setu programme, which serves as a forum for building relationships between MSMEs and various stakeholders.
The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) established the Institute of Chartered Accountants of India (ICAI) as a statutory body to regulate the practise of chartered accounting in India. The day it was founded, July 1, 1949, is today recognised in India as Chartered Accountant’s Day.
The American Institute of Certified Public Accountants, which is currently the largest accounting organisation in the world, is the only licencing, governing authority for accounting profession in India. According to the Companies Act of 1956, only Chartered Accountants in India may be appointed as Statutory Auditors. Members of the Institute are referred to as CA’s or Chartered Accountants.
“Ya Aeshu Suptaeshu Jagruti” is the ICAI’s motto. Literally translated, the slogan is “a person who is awake in those that sleep.” It is an Upanishads quotation.
The mythical eagle is the focal point of the Garuda, the ICAI’s insignia.In addition to its Emblem and Motto Song, ICAI maintains a unique Logo for each of its members. In 2007, the ICAI debuted this unique new CA logo for use by its members as part of a branding initiative. All ICAI members may freely use the logo with a few restrictions.
Chartered Accountants are the title given to members of the Institute. Three levels of exams must be passed, three years of required internship training which is also known as Articleship is required, and compliance with other Act and Regulation requirements must be met before becoming a member. The prefix CA may be used before the names of ICAI members. Depending on his or her experience, an ICAI member may be either an Associate Chartered Accountant (A.C.A.) or a Fellow Chartered Accountant (F.C.A.).
Associate Chartered Accountants are members of the Institute who have less than five years of experience, and Fellow Chartered Accountants are members who have more than five years of experience.