Devaraja Reddy has taken over as the president of ICAI, the apex body of chartered
accountants, while Nilesh S Vikamsey has been elected as the vice-president. Both have been
elected for the year 2016-17.
The Institute of Chartered Accountants of India (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 8
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.
Mr. Reddy is the first person from both Telugu states Andra Pradesh and Telangana to be elected president of ICAI. The election was conducted during ICAI's 23rd council meeting on February 12, 2016. With more than 28 years of continuous and dedicated professional service and a deep-rooted interest in academic discipline, he is widely commended and credited for his key role in conceptualisation. Reddy said ICAI expects to come out with
its new syllabus in the next few months. The revamped curriculum has been submitted to the
Corporate Affairs Ministry and is currently under legal vetting, he noted.
The curriculum for the chartered accountants programme is revised every 10 years and the latest
one has been prepared after long drawn consultations with stakeholders.
Brief Profile
CA. M. Devaraja Reddy, President, ICAI
A man of great vision, strong integrity and hard discipline with a firm belief in the inclusive
growth of accountancy profession,CA. M. Devaraja Reddy has taken over as the supreme torchbearer
of Indian accountancy profession. He has been elected President of The Institute of
Chartered Accountants of India (ICAI), for the year 2016-2017 by the 23rd Council of the
Institute on February 12, 2016. A resident of Hyderabad, he is a fellow ICAI member with a
prudent professional foresight and more than 28 years of immaculate professional standing. CA.
M. Devaraja Reddy has served the Indian accountancy profession as Vice President of ICAI for
the Council Year 2015-16.
CA. Nilesh S. Vikamsey, Vice-President, ICAI
A person of professional vigour, dynamism, high integrity and expertise,CA. Nilesh S. Vikamsey
is the new Vice-President of the Institute of Chartered Accountants of India(ICAI) for the term
2016-17. He was elected as the Vice-President of ICAI by the 23rd Council of the Institute on
February 12, 2016. He has been a member of the ICAI since 1985. Having gained deep insights
into the profession as a fellow member of the ICAI with more than 30 years of impeccable
professional standing, he has served the ICAI and the profession as a Central Council Member
since 2010.
