ICAI Increase in Entrance, Annual Membership, COP & Restoration Fee

TO BE PUBLISHED IN PART III, SECTION 4 OF THE GAZETTE OF INDIA,
EXTRAORDINARY DATED, 9^TH FEBRUARY, 2017]

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

New Delhi, the 9^th February, 2017

NOTIFICATION

No.1-CA(7)/179/2017:- In exercise of the powers conferred under sub-section (3) of section 4 and 5, sub-section (2) of section 6, sub-section (4) of section 19 and sub­section (3) of section 20 of the Chartered Accountants Act, 1949 read with regulations 5 and 6 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India, with the prior approval of the Central Government, wherever required, hereby notifies the following rates of fee for entry of name in the Register of Members, annual membership fee, annual certificate of practice fee and fee for restoration of name in the Register of Members:-

Sl. No.Particulars of fee payableFee payable w.e.f.
1.4.20171.Entrance Fee payable under regulation 5 –– as an AssociateRs.2,000/-– as a FellowRs.2,500/-2.Annual Membership Fee payable under sub
regulation (1) of regulation 6 –– as an Associate MemberRs.1,500/-– as Fellow MemberRs.3,000/-3.Certificate of Practice fee payable under sub‑
regulation (2) of regulation 6 –– as an Associate MemberRs.3,000/-– as a Fellow MemberRs.4,000/-4.Fee for restoration of name in the Register ofMembers payable under sub-regulation (3) of
regulation 6 –(i) within 3 years of removalRs.1,200/-(ii) after 3 years of removal but before 5 yearsRs.3,000/-(iii) after 5 years of removalRs.4,000/-

Notwithstanding the rates of annual membership fee specified at Serial Number 2 above, a member who has attained the age of 60 years and above as on the 1^st day of April of the relevant year, but not holding the certificate of practice shall pay such annual membership fee at the rates specified below:-

Associate Member – Rs.1,100/-

Fellow Member – Rs.2,300/-

The aforesaid revised rates of fees shall come into force with effect from ₁st April, 2017.

(V. Sagar)

Secretary