Nilesh Shivji Vikamsey elected as new ICAI President

The Institute of Chartered Accountants of India (ICAI), on Sunday, appointed CA Nilesh Shivji Vikamsey and CA Naveen N.D. Gupta as the President and Vice-President of ICAI, respectively, for the year 2017-18.

Vikamsey has been a member of the ICAI since 1985. He has served the ICAI Council as a member since 2010 and then as vice-president of the institute in 2016-17. With over 30 years of impeccable professional standing, he is widely commended and credited for his key role in contributing towards inclusive as well as exclusive growth of Indian Accountancy profession.

Gupta has over 20 years of experience in auditing, banking and finance. He has an experience of handling intricate accounting, auditing, corporate governance and finance issues. Gupta has been serving as a Central Council member since 2010.

ICAI is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.

The council is composed of 40 members of whom 32 are elected by the members and remaining eight are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.