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CA. Uttam Prakash Agarwal elected President and CA. Amarjit Chopra, Vice-President for the year 2009-10

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February 5, 2009
Press Release
ICAI elects CA. Uttam Prakash Agarwal – President and CA. Amarjit Chopra, Vice President for the year 2009-10
CA. Uttam Prakash Agarwal has been elected as the President of The Institute of Chartered Accountants of India, for the year 2009-2010 by the 20th Council on February 5, 2009. Though born and bought up in Rajasthan, his vision and zeal to outgrow himself brought him to Mumbai in 1984 wherein he com-pleted his chartered accountancy in 1987. Through his sheer grit and determination he has strived to excel and endeavored to reach the pinnacle of professional growth.

A Fellow Member of ICAI, with more than two decades of standing, CA. Uttam Prakash Agarwal was elected to the Central Council of ICAI for the first time in 2004 and thereafter in 2007. He is holding the Chair of all the three standing committees- executive, finance and examination of ICAI. He also holds Chair of Board of Discipline, Representation Committee, ICAI-ICWAI-ICSI Co-ordination Committee, Infrastructure Committee , Diamond Jubilee Committee, International Affairs Committee and High Powered Committee. He is the Editor of monthly Jour nal The Chartered Accountant. He is the Chairman & Director on board of ICAI Accounting Research Foundation - a research wing of ICAI, Chairman of Chartered Accountants’ Benevolent Fund, Chartered Accountants’ Students Benevolent Fund and the S. Vaidyanathan Aiyer Memorial Fund and is a Member of virtually all Non- Standing Committees of ICAI.

He is a member of the National Advisory Committee on Accounting Standards constituted by the Ministry of Corporate Affairs, Government of India. He is a member of the Audit Advisory Board and the Government Accounting Standards Advisory Board – both constituted by the Comptroller and Auditor General of India. He is a member on the Committee on Internal Audit constituted by the Office of Controller General of Accounts, Government of India. He is a member on the Board of Insurance Regulatory and Development Authority (IRDA), member on the Board of Tariff Advisory Committee of IRDA and also a member of Standing Committee on Accounting Issues (SCAI) constituted by IRDA. He is a member of the High Level Steering Committee for implementation of XBRL based data submission by Banks constituted by the Reserve Bank of India. He is a member of Sub-Committee (Audit) of the Board for Financial Supervision of Reserve Bank of India (RBI). He is a member of Advisory Body (Ad-hoc Task Force [ATF]) for finaliz- ing the MoU between Administrative Ministries and the Managements of the PSEs constituted by the Ministry of Heavy Industries and Public Enterprises. He is a member of SEBI Committee on Disclosures and Accounting Standards (SCODA). He is member of the executive committee of Indian Merchants Chamber (IMC).

He is a Technical Advisor to the Board of International Federation of Accountants (IFAC), Developing Nations Committee (DNC) of IFAC as well as of the Small and Medium Practices Committee (SMP) of IFAC. He is also a member of India- UK (Indo-UK) Task force on Corporate Affairs and the Task Force of Department of Public Enterprises (DPE), Government of India, to provide professional and technical support to the DPE in the process of finalization of MoU documents.

Besides this, he holds Directorship in various companies for a number of years, with various professional and social associa- tions. Articles on various matters of interest and importance to the profession have been contributed by him and published in leading Journals. He has been instrumental in organizing mega conferences and series of ‘Professional Excellence’ Seminars throughout the country and has chaired many technical sessions and presented various technical papers on varied topics. He is ‘Master of Ceremonies’, Coordinator, Convener of various conferences, seminars, symposiums, workshops and brain- storming sessions. He has played a key role in initiating and organizing mega event – ICAI’s Corporate Forum comprising four concurrent events viz. Career Ascent, Capital Advantage, FinSummit and the CA Corporate Leader Exact Awards.

He has been Technical Advisor and resource person for various International conferences held at New York, Bangladesh, Nepal and Pakistan.

What has been exemplary in his life is the single-minded devotion and relentless pursuit for welfare of everybody, which has brought him at a higher pedestal in social circles.

CA. Amarjit Chopra, a fellow member of the Institute of Chartered Accountants of India (ICAI), with more than three decades of standing, has been elected as the Vice-President of the Institute of Chartered Accountants of India (ICAI), for the year 2009-10 by the Twentieth Council on February 5, 2009. Born in June 1952 and having post-graduated from Delhi University in the year 1973, he qualified as a Chartered Accountant in the year 1975. He was elected to Northern India Regional Council of the Institute of Chartered Accountants of India for two terms i.e. 1985-1988 and 1988-91 and was its Chairman for the year 1988-89.

He was elected to the Central Council of the ICAI for the first time for the term 1998-2001 and presently is in fourth consecutive term to end in February 2010. During his tenure in the Central Council, he has been the Chairman of Accounting Standards Board, Auditing and Assurance Standards Board, and Corporate Laws Committee for two years each and has been the Chairman of Expert Advisory Committee, Financial Reporting Review Board, Committee on Corporate Governance and Committee on Internal Audit for an year each. He has also been the Vice-Chairman of Electoral Reforms Committee, Ethical Standard Board, Accounting Standards Board, Professional Development Committee in various years. He has also been a member of non-standing committees, namely, Professional Development Committee, Peer Review Board, etc. In his first term as Central Council Member, he was a member of all the three Standing Committees.

He was nominated by the Institute on various Committees of SAFA, namely, Committee on Corporate Governance, Committee on Information Technology and Quality Control Committee. He was also nominated by the Government of India in the Group to revise MAOCARO and various other groups including group for Revision of Schedule XIV to the Companies Act, 1956. He was also nominated for two years as a member of National Advisory Committee on Corporate Laws.

He was nominated by the Punjab Government on the Committee for fixing the fee for the medical institutions.

He was nominated by ICAI as member on Secretarial Standards Board of ICSI, Project Implementation Committee of Ministry of Surface & Road Transport, Task Force for Cost Accounting Standards on Arms Length, Banking and Financial Services Sectional Committee -MSD -7, Group initiated by Ministry of Corporate Affairs to review existing Cost Accounting Standards, on the business sub-group on XBRL and the Working Group for addressing implementation issues and formulation of operational guidelines relating to Accounting Standard on Financial Instruments : AS 30 by Banks and Financial institutions constituted by the RBI.

Recently he was nominated to the Consultancy Syndicate of the MOU TASK FORCE for 2008-09 constituted by the Department of Public Enterprises. For the year 2009-10, he has been nominated to Energy Syndicate II.

He has represented the ICAI in the National Standards setters meeting of IAASB in London and Brussels as well as Accounting Standards issues before IASB and UK Accounting Standards Board at London. He has been a speaker in International Conferences on Quality Control of Audit and Corporate Governance convergence with IFRS at Dubai, Karachi, Sri Lanka and London.

He has been contributing papers and delivering lectures on matters of professional interest in various programmes organized by the Institute, Regional Councils and their Branches and the study circles. He has also been actively involved in seminars and conferences organized by various Chambers of Commerce.

He was actively involved in teaching for more than 20 years at Delhi University and he is presently visiting faculty to various Management Institutes. He has been delivering lectures in training programmes at various banking institutions and C&AG Office.

He is on the Board of various reputed companies including RICO Auto Ltd. He is a Central Government nominee on the Board of Bank of Baroda wherein he is also the Chairman of the Audit Committee. In the earlier years, he was also nominated to board of certain companies by banks and financial institutions.

His other areas of interest include sports, debate, music, etc.
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