A Memorandum of Understanding was signed on 12 September 2013 among three Professional Institutes of the Ministry of Corporate Affairs- the Institute of Company Secretaries of India, the Institute of Cost Accountants of India and the Institute of Chartered Accountants of India. The MoU was signed for setting up a Centre of Excellence and Ethics at Ajmer, Rajasthan.
Highlights of the MoU
The MoU was signed among S. N. Ananthasubramanain, the President of the Institute of Company Secretaries of India; Suresh Chandra Mohanty, the President of the Institute of Cost Accountants of India and Subodh Kr. Agrawal, the President of the Institute of Chartered Accountants of India.
The MoU was signed in the presence of Sachin Pilot, Minister of Corporate Affairs and Naved Masood, The Secretary, Ministry of Corporate Affairs.
Objectives and Purposes of the MoU
• Conducting Research and outreach programmes on Investors Education and Protection, Corporate Governance and the best practices globally followed in the areas of Accounting, Cost Management and Corporate Governance
• Creating a Knowledge hub
• Organising of programmes aimed at capacity building through financial literacy and accounting education for the benefit of local population
• Student Activities
• Members Activities
• Professional Development Activities
• Research Activities
• Outreach Activities
• Workshops and Seminars
• Other activities in furtherance of the professions of the Professional Institutes