The Management Accountant - August 2024

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10 The Management Accountant - August 2024

www.icmai.in

"If you want to walk fast, walk alone. But if you want

to walk far, walk together."

-- Ratan Tata

My Dear Professional Colleague,

am truly honoured to serve as 67th President of the

Institute of Cost Accountants of India (ICMAI)

for the council year 2024-25. This is a pivotal

moment in my professional journey, and I am

filled with excitement and a deep sense of responsibility

as I assumed charge of the President of this prestigious

Institute on 22nd July, 2024.

First and foremost, I would like to express my sincere

appreciation to my fellow council colleagues for their

unwavering support and for entrusting me with this

significant responsibility. Together, we will strive to

uphold the values and mission of our esteemed Institute,

which is the largest Cost & Management Accounting

body in the world.

I extend my heartfelt congratulations to my council

colleague CMA TCA Srinivasa Prasad on his election as

Vice President of the Institute. I am confident that his rich

professional experience will be an invaluable asset to

the Institute and will greatly assist me in accomplishing

our shared agenda for the growth of CMA profession.

I would also like to extend my heartfelt appreciations

to CMA Ashwin G. Dalwadi, Immediate Past President

for his laudable contributions during his tenure. I assure

you that we will carry forward all his initiatives and

achieve many significant milestones, taking the Institute

to new and greater heights.

As we move forward, I am keen to work together

CMA Bibhuti Bhusan Nayak

President

The Institute of Cost Accountants of India

to further our goals of promoting excellence,

innovation, and ethical practices within the field of

cost and management accounting. Our shared vision

is to empower our members, elevate our profession,

and contribute meaningfully to the global economic

landscape.

Together, we will focus on key initiatives that enhance

the professional development of our members, advocate

for the strategic importance of cost and management

accounting, and ensure that our Institute remains at the

forefront of industry trends and best practices.

I believe that open communication and collaboration

are key to our success. I encourage you to share your

thoughts, ideas, and feedback as we work together to

shape the future of our Institute. Your active participation

is invaluable, and I am committed to fostering an

environment where every member’s voice is heard

and respected.

I am excited about the journey ahead and confident

that, with your continued support & cooperation, we

will achieve significant milestones and drive positive

change within our profession.

Meeting with MCA OfÏcials

I along with CMA TCA Srinivasa Prasad, Vice

President, ICMAI, CMA Manoj Kumar Anand, Council

Member, ICMAI and CMA (Dr.) Kaushik Banerjee,

Secretary, ICMAI, called on Dr. Manoj Govil, IAS,

Secretary to the Government of India, Ministry of

Corporate Affairs (MCA) and Shri Inder Deep Singh

Dhariwal, Joint Secretary, MCA on 22nd July, 2024

and discussed the matters related to professional

development and ongoing activities of the Institute.

Membership

I warmly welcome and congratulate all the new 157

members who were granted new associate membership

and all the 47 existing associate members who were

upgraded to Fellowship during the month of July 2024.

I take this opportunity to remind members who are

yet to pay membership fees for 2024-25 as membership

fees for the current financial year have fallen due on 1st

April 2024 and members are required to pay the dues

latest by 30th September 2024. I call upon members to

check their due / payment status and pay fees accordingly

by online mode at their convenience and continue to

enjoy all the benefits of membership. Members can get

all their details and also pay membership fees by the

PRESIDENT’S COMMUNIQUÉ

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