[BREAKING] ICAI elects New Torchbearers for Council Year 2024-25

ICAI- New Torchbearers - Council Year - taxscan

CA Ranjeet Kumar Agarwal has been elected as the 72nd President of The Institute of Chartered Accountants of India ( ICAI ) for the Council Year 2024-25.

ICAI President CA. Ranjeet Kumar Agarwal

A thorough academician, with a consistent pursuit towards achieving excellence and a technically affluent professional who has been significantly contributing to the cause of the profession, CA. Ranjeet Kumar Agarwal had been elected as the Vice-President of the Institute of Chartered Accountants of India for the term 2023-24. CA. Ranjeet Kumar Agarwal is a practicing Chartered Accountant for the last 24 years. He is also a Company Secretary & DISA from ICAI. He was elected to the 23rd, 24th & 25th Central Council of the Institute of Chartered Accountants of India 3 times in a row.

As the Chairman of the Professional Development Committee of ICAI, implemented Bank Branch Audit Software and conceptualized and implemented UDIN, a landmark reform of ICAI. He was also the Convenor of a Group constituted to implement UDIN concept in all SAARC Countries (Sri Lanka, Pakistan, Nepal, Bhutan, Bangladesh, Afghanistan & Maldives).

As Chairman of the Ethical Standard Board of ICAI in 2019, he was instrumental towards bringing the revised Code of Ethics after a gap of 10 years. He has also been the Chairman of Committee for Members in Industry and Business & Tax Audit Quality Review Board of ICAI wherein major refinements in the processes were implemented.

He is a regular speaker on the topics- Code of Ethics, Professional Opportunities, Students Motivation Sessions and also socially equally active with Lions Club, Barabazar Library, JCI, Friends of Tribal Societies, Awantika etc.

Former President CA Aniket Sunil Talati said in his President’s Message for February 2024:

“Je serai toujours là – I will always be there

I would be relinquishing my office shortly and, at this juncture, I would like to express my sincere gratitude to my esteemed Council colleagues, Government nominees and Past Presidents in the Council, for their guidance and co-operation extended to me and the profession throughout the term of my office. I must make a special mention to, particularly, my Vice President, CA. Ranjeet Kumar Agarwal who has given me immense support throughout the year in all endeavors for the betterment and development of the profession. I am also thankful to Hon’ble Ministers, Secretaries, and Officers of various Ministries for their invaluable support and guidance rendered to the Institute in the past year.

Reflecting on the past year as the representative of our esteemed profession and my term in Council, I am truly humbled by the warm and friendly reception I received wherever I went. My heartfelt gratitude to all the incredible friends, who made this journey memorable. I extend a special thanks to all dedicated officials of the institute for their commitment and sincere efforts in turning Ambitions into Actions, particularly CA. (Dr.) Jai Kumar Batra, Secretary, ICAI. As I cherish and enjoy the glory of my journey, turning dreams into deeds, it has only and only been possible with the blessings of the Almighty, my mentors, and my pillars of strength, my family. I have worn the degree of ICAI and revered the insignia of trust ‘CA’ as a badge of honor. As I glance back upon the remarkable path I’ve traversed with the ICAI, I can’t help but feel a profound familial pride and an enduring spirit of excellence – being part of a legacy that unfolded from my grandfather standing All India First in the ‘First Examination’ of ICAI in 1949 to witnessing my father leading the profession in 2007.

In this landmark 75th year, witnessing our Institute emerge as the largest and a global force fills me with pride. With the constant pursuit of excellence, I am confident that we will continue our ascent to new heights of glory.

While my official role may conclude, our connections and shared endeavors will last forever and in my last communiqué I would once again like to reiterate what I always say that we must all believe that ‘I am the “I” in ICAI’. As I conclude, I would like to pen down the quote of Ralph Waldo Emerson “The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference that you have lived and lived well.”

Though my tenure as the President of this coveted Institute comes to an end, I will continue to engage and contribute to my noble profession in every possible manner.

Au revoir !!”.

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