ICAI-Increase in Annual Membership-COP Fees from 01-04-2017. Institute has revised the fees to be paid by chartered accountants
[TO BE PUBLISHED IN PART III, SECTION 4 OF THE GAZETTE OF INDIA, EXTRAORDINARY DATED, 9TH FEBRUARY, 2017]
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
New Delhi, the 9th 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 payable | Fee payable w.e.f. 1.4.2017 |
| 1. | Entrance Fee payable under regulation 5 – as an Associate – as a Fellow |
Rs.2,000/- Rs.2,500/- |
| 2. | Annual Membership Fee payable under sub regulation (1) of regulation 6 – as an Associate Member – as Fellow Member |
Rs.1,500/- Rs.3,000/- |
| 3. | Certificate of Practice fee payable under sub regulation (2) of regulation 6 – as an Associate Member – as a Fellow Member |
Rs.3,000/- Rs.4,000/- |
| 4. | Fee for restoration of name in the Register of Members payable under sub-regulation (3) of regulation 6 (i) within 3 years of removal (ii) after 3 years of removal but before 5 years (iii) after 5 years of removal |
Rs.1,200/- Rs.3,000/- Rs.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 1st 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
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