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NT Bureau
Chennai, Feb 17:
 

The newly elected president of ICAI Sunil H Talati  being felicitated by  K S Madhava Murthy, chairman, southern regional council (ICAI) in Chennai yesterday.

        Economic growth and rise in business activities would require the services of more chartered accountants in the coming years. The country would require not less than 50,000 CAs by 2010 in step with its growing enterprise, said Sunil Himmatlal Talati, the newly elected president of ICAI.

        Addressing presspersons here yesterday, he said CAs have opportunities not only in India, but also in the foreign markets like the US, UK, Australia and Middle-East countries. Keeping in view the growing importance of CAs, a master plan Mission 2007 comprising a set of activities like popularising the CA curriculum in schools and colleges, opening counseling groups at every branch and regional offices, establishing and promoting web-based learning and spotting the talent by the way of finding aspiring students in the country and encouraging them to join CA course was being drafted.

        Sunil H Talati, an FCA from Ahmedabad, was elected as president of ICAI, the apex body for CA professionals in the country, with effect from 5 February, 2007. Apart from being a fellow member of the ICAI, he is a post graduate in commerce and also a law graduate. He is a member of the ICAI with more than 30 years of standing. Talati was elected to the council of ICAI for the first time in 2001 and thereafter in 2004 and 2007. He was the vice president for 2006-07. He is also the chairman of Centre for Excellence on Education, Training and CPD of South Asian Federation of Accountants (SAFA).

        Also, Ved Kumar Jain, FCA from Delhi, was elected as the vice-president of ICAI for the year 2007-08. He is also a law graduate from University of Delhi. Jain was elected to the council of ICAI for the first time in 2004 and thereafter in the year 2007. He held the post of chairman and vice-chairman of Fiscal Laws Committee, Disciplinary Committee and Chairman of Audit Committee.

        Established in 1949 by an Act of the Parliament, the ICAI has over 1.32 lakh members from across the country and abroad. In addition nearly 3.50 lakh students are pursuing the Chartered Accountancy course offered by the Institute. The ICAI has a network of five regional offices, 114 branches in India and 18 chapters abroad.