To strive for capacity building of members in the rapidly changing scenario in order to technically equip the members of the Institute to face the challenges and derive advantages to broaden the scope of their expertise in Commercial Laws, Economic Advisory and NPO and Cooperative to contribute towards the economic and commercial development of India.
To study the various Commercial Laws, Rules/Regulations/Notifications, economic and commercial developments, including with regard to NPO & Cooperative so as to make representations/suggestions arising out of the studies and undertake such activities to broaden the scope of expertise of the members in the commercial laws and to enable them to render consultancy and services to stake holders in economic and commercial field.
To suggest suitable reforms in the statutes regarding Co-operatives and NPOs.
To develop and publish Technical Guidance, Background Materials/Reports, Guides, Commentaries, References, Publications etc. on Commercial Laws and Economic Advisory
To develop necessary technical guides and publications for the benefit of members rendering services to Co-operative banks, Co-thrifts, Credit Societies, NPOs and other Co-operatives.
To serve the multifunctional task of Analysis, Knowledge dissemination, inputs to policy formulation to Government, Regulators and other stakeholders, references in areas of professional interest to ICAI Membership and bolster the element of potential professional opportunities.
To develop a base of expertise amongst the members of the Institute on Commercial Laws and to provide economic and commercial advisory to stake holders through Seminars, training programs and such other methods as may be considered effective.
To provide technical and governance inputs through training, workshops, resource materials, publications to the management personnel and members of Governance of Co-operatives and NPO Sectors.
To promote uniform accounting framework in the NPO and Co-operative Sectors and conduct awareness program for the benefit of the stakeholders.
To promote good governance, best practices and prudent financial management in the Co-operatives and NPO sectors/ mutually aided Co-operative Societies[MACS]/ Self-help groups/clusters and federations.
To explore avenues and to enable and equip the members to provide advisory on all commercial Laws including with regard to NPO & Cooperative and development and support services to business and other organizations.
To develop a knowledge portal providing information regarding subsidies and other support received by the NPOs from the State and the Central Government and to promote various government initiatives to implement social welfare schemes of the NPO Sector and facilitate sharing of knowledge regarding Governance, legal compliance and best practices in financial management.
To conceive, research, structure and implement study/certificate courses on the subjects covered by the terms of reference.
To conduct study/research into economic affairs of the Country/States and suggest various measures for boosting Indian/State Economy.
To help the government in monitoring financial discipline in the NPO sector by prescribing transparent guidelines and procedures including documentation and evidence of actual work done and to advise the government on limitations to be imposed on administrative and other expenditures of the NPOs specially those incurred out of government grants.
To support the initiatives of the Central Government/State Government/Corporations and to conduct study for successful implementation of various initiatives of the Central Government/State Government/Corporations on the subjects covered by the terms of reference.
To enable the members to be an integral part of Government’s initiatives on Startup ventures and Make in India movement so as to be the integral part of nation’s economic and commercial affairs.
To suggest measures for prudent financial management and effective utilization of resources.
To suggest various measures for accelerating globalization of Indian Economy.
To suggest/ research and provide suggestions to Government Committees.
To enter into joint study with National and International bodies/agencies/Ministry in promoting economic development of India.
To organize workshop/ awareness programs under the aegis of Committee with the Government departments.
To start other initiative for achieving above stated objective of Committee or to deal with such other matters as the Council or the President may consider appropriate.