ICMAI Revokes Affiliation with 8 CMA Support Centres [Read Notice]
The Institute has revoked its affiliation due to the support centres’ failure to submit willingness for conversion into Accredited Institutions of ICMAI within the stipulated timeline
ICMAI, CMA, ICMAI Revokes, CMA Support Centres
ICMAI, CMA, ICMAI Revokes, CMA Support Centres
The Institute of Cost Accountants of India (ICMAI), being the statutory professional body which regulates the profession of cost and management accountancy in India, has issued a public notice revoking the affiliation of eight CMA Support Centres.
The decision was announced vide Public Notice No. 2/CMASC/08/2025 dated 29th August 2025. ICMAI has stated that the affiliations have been revoked due to the failure of these centres to submit their willingness for conversion into Accredited Institutions of ICMAI within the time stipulated by the Institute.
The following CMA Support Centres’ affiliation has been cancelled by the ICMAI:
- Centre No. 10133 – VVN Foundation (Palghar, Maharashtra)
- Centre No. 20097 – Shirimathi Devkunvar Nanalal Bhatt Vaishnav College for Women
- Centre No. 20130 – Academy for Future Professionals
- Centre No. 20135 – Masters Educational Trust
- Centre No. 30121 – VVN Foundation (An Educational Trust)
- Centre No. 40107 – Saraswati College of Professional Studies
- Centre No. 40144 – Aabhaar Foundation
- Centre No. 40147 – LCCT
Accredited Institutions of ICMAI are authorised entities that support the academic and training objectives of the Institute. They employ qualified teaching staff and assist in delivering structured education as per the CMA syllabus. They also facilitate enrolment and registration of students, provide learning resources and act as nodal centres to strengthen the professional outreach of ICMAI across India.
Conversion into Accredited Institutions is a mandatory requirement under ICMAI’s framework to ensure quality standards in professional training.
The Institute has strongly cautioned the public and students not to associate themselves with these eight centres in relation to CMA courses with effect from 11th August 2025. ICMAI has further clarified that it shall not be responsible for any association or financial transactions undertaken with these centres after the effective date.
Students are advised to check and verify the affiliation status of any support centre whose services they intend to avail, by checking it against the details in this link.
The public notice has been issued under the signature of CMA (Dr.) Debaprosanna Nandy, Secretary (Officiating), ICMAI.
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