CMIB invites nominations for the 15th ICAI awards. CMI&B maintains a strong relationship with the members and business houses. This committee help with the placement opportunities, present awards to the members with leadership qualities, industry meets and conferences to enhance knowledge. ICAI Awards for winners held on 20th January 2021. The next award has been organized in the year 2022. 30th November 2021 is the last date to apply for this award. The leadership award and research award are different types of recognition from ICAI. The recognition of this award gives value to entrepreneurship, public service and industry. The population around the globe is exploring different ways to promote industries. So, awarding the leader from multiple industries focus on vital matters. CA job portal, Start-up summit and MSME portal shows the interest of ICAI in economic development and creating a network for accounting professionals.
The nine categories of CA are CA business leader, CA special recognition, CA young leader, CA CXO, CA educator, CA Entrepreneur, CA hall of fame, CA CFO and CA global achiever. This 15th ICAI Awards & Leadership summit 2022 is open for non-members with service in the business or industries, members also recommend candidates if they work under the selection committee or nomination, ICAI employees are not eligible for the award, and members who have won the past award is also not eligible for this award. The disclosure of information with honesty is essential to get qualified. CMI&B maintain the information about the members with confidentiality. Financial statement for turnover, PPT in the standard format, experience letter, supporting documents, and incorporation certificate are the parameters for the evaluation. This blog presents the awardees list of the 14th function. It encourages the members to understand the importance of acceptance of leadership qualities.
ICAI 14th award:
Investment firms, large corporates, mid corporates, and emerging corporates would be listed in the rank list. Hall of fame award was awarded to two investment houses with founders who are known for their sought after investment thoughts. Enam group and JM financial group are honoured for the advancement in investment research as the hall of fame. CA. Vallabh R Bhanshali and CA. NimeshKampani, the JM Financial group of Companies, Chairman, got the award for his contribution to the investment research. This firm provides service to multinational and Indian Companies. They operate in the domain of merchant banking. Private equity, mergers and acquisitions, restructuring advisory, and capital raising are the services offered by JM financial group. He is also called the three K’s of leaders in India’s investment banking. He is a B.com graduate from Sydenham College, Mumbai and a chartered accountant. Mr Nemish Shah is the investment banking professional and co-founder of ENAM. He along with his partner Mr VallabhBhanshali made the Company the leading financial advisory firm.
The eminent talents from Kotak Mahindra Bank Ltd., Nitin Spinners Limited, Hindustan petroleum Corporation, Canara HSBC Oriental Bank of Commerce Life insurance Co., arihant Capital Markets Limited, Maruthi Suzuki India Limited, Indian Oil Corporation Ltd, Maruti Suzuki India Limited, ICICI Lombard General Insurance Company Limited, Dixon Technologies Ltd, L&T Metro Rail Hyderabad Ltd, Bridgestone India Private Ltd, Power finance corporation Limited, Adithya Birla Health insurance Co.Ltd., Kotak Securities Limited, Shiksha Financial Services India Private Limited, Indian Audit and Account department National academy of audit and accounts, Hindustan Unilever Ltd, SP Jain School of Global Management, Max life insurance ltd, REC Limited, Ernst & Young LLP, Roche Diabetes Care India PVT Ltd, ArcelorMittal, and Mirae Asset investment managers Private Ltd, are honoured with leadership awards.
Chartered accountants and leadership roles:
Different domains have the evolving demand for a chartered accountant. They have to be creative, dynamic and adaptable. The major process of accounts and auditing are transformed as the automation process. So, the difference lies in the understanding of the business domains. The transformation into the best leader happens to a chartered accountant with knowledge of domestic and international operations. CMIB of ICAI is organizing the 15th ICAI awards. The following points state the pride and path of a chartered accountant towards leadership roles.
• The contribution to the investment sector is promulgated through experience and documents of achievement. The work and documents help in identifying the leadership qualities.
• The contribution to the public sector has been marked as a leadership quality.
• Contribution to the emerging industries was taken as a leadership quality.
• Contribution to the manufacturing and infrastructure sector is considered a leadership quality.
• The domestic and global media value prolific speaking skills, writing skills and research skills. By promoting these talents, the business challenges in the current scenario reduce.
• The Mission 2030 of ICAI envisage its vision as an independent and transparent regulatory mechanism, highest ethical standards, global professionals, cutting edge research and development, global professional contribution and multi-national service providers. Leadership quality develops world-class competencies in taxation, accountancy, investments, insolvency, assurance, and finance.
Final words:
ICAI invites nominations for the 15th ICAI awards from the experienced members of the institute. Unlike the 14th ICAI awards, the 15th award consists of changes in the experience requirement. The CA professional achiever must have experience of seven years and with the current employer for at least three years. For the CA CFO award the total experience is ten years, and the CFO position experience is subject to five years. For a CA entrepreneur, the total experience is ten years in a start-up environment. For the other awards, the experience range is the same. Chartered accountants are not confined to accounting and auditing alone. They have wide knowledge in cost accountancy and Company law. The consultation of a chartered accountant covers the areas of internal audit, external audit, income tax, transfer price, IFRS conversion, attestation services, and statutory audits.
