The Institute of Chartered Accountants of India (ICAI) has today elected CA Nihar Jambusaria as the President for the term 2021-22. Further CA Debashis Mitra has been elected as the Vice President of the Institute.
The tenure of the current President CA Atul Gupta concluded this February. Earlier, CA Nihar N Jambusaria was elected as the Vice President of the Institute of Chartered Accountants of India (ICAI) for the year 2020-21. He has served as Central Council Member of ICAI for three consecutive terms, i.e. 2013-16, 2016-19 and 2019-22.
A seasoned professional from Mumbai and associated in Industry, CA. Jambusaria qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years and cuurently is in Industry. CA. Jambusaria is appointed as a Member of the IFAC Professional Accountants in Business Committee for three years starting from January 2021. CA Jambusaria has been nominated as ICAI representative as Member for Committee on Corporate Governance Guidelines for Insurers of IRDA in India.
He has also been nominated on the Review Committee for the B.Com (Hons) and B.Com Commerce New Syllabus for all the Universities in the Country by the University Grants Commission(UGC).
A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating and a Fellow Chartered Accountant from Mumbai, CA. Jambusaria has also been Chairman of WIRC of ICAI in 2004-05. An altruistic hard-worker bestowed with exceptional organizational, networking, administrative, and leadership skills, he has been serving as a Central Council member since 2013.
CA. Jambusaria has represented ICAI in many important committees constituted by the Government Ministries/ Regulators. He has been nominated as a Member of the e-Commerce Committee formed by the Ministry of Finance and Peer Review Committee of the Central Board of Direct Taxes. CA. Jambusaria has made noteworthy contributions in whatever capacity he served the profession, particularly as the Chairman of Ind AS Implementation Committee, ICAI, International tax Committee, and various other important Committees/ Board of ICAI. He has also served as a Member of the SAFA Committee on Professional Accountants in Business ( PAIB).
CA. Jambusaria has been a prolific speaker at national and international forums. As an academician and an orator par excellence, he has attended and contributed to numerous national and international seminars.
He has addressed more than 900 seminars, conferences so far covering various subjects of professional interest like Direct tax, Accounting Standards, international tax, and professional development, and alike.
CA Debashis Mitra is elected as the Vice President, who is a senior member having extensive experience of more than Thirty-three years. Besides being a practicing member, he is a Cost Accountant, Company Secretary, Law graduate, and a qualified Information Systems Auditor.
He was awarded Ph.D. for his Thesis ‘A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS.’ Being a trainer in International Financial Reporting Standards (IFRS) and Corporate Laws, he has trained officials from many corporate and non-corporate entities including Central/State PSUs and the Office of Comptroller & Auditor General of India (CAG).
An avid speaker, he has addressed numerous Conferences of Chambers of Commerce and reputed Institutes in India & abroad. As an accomplished professional having immense knowledge of trade and industry, he is currently serving as an active member of several prestigious Boards, Forums, and institutions in India and abroad viz. Quality Review Board established by Govt. of India, Board of Extensible Business Reporting Language (XBRL) India, the Board of Governors of Assam Down Town University, and Audit Group of Confederation of Asian and Pacific Accountants (CAPA).
He also represented ICAI in Uday Kotak Committee on Corporate Governance set up by SEBI as well as the Committee set up by the Ministry of Corporate Affairs for revision in CARO. A seasoned strategist and leader to the core, he is the President-elect of Rotary Club of Calcutta, the oldest running Rotary Club in Asia, Vice President of the Board of Accountants’ Library, one of the oldest Accounting Institutions in India, member of the Finance Sub-Committees of Calcutta Club Ltd. as well as former National President of The Institute of Internal Auditors (India). He has held key positions as former Chairman of the Eastern Indian Regional Council of ICAI as well as Guwahati Branch of ICAI
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