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CA Manoj Fadnis ICAI president

CA Manoj Fadnis, ICAI president 2015 2016 

President, ICAI

Election as president – CA Manoj Fadnis

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A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating, CA. Manoj Fadnis has been elected as the President of the Institute of Chartered Accountants of India (ICAI) by the 22nd Council of the Institute on February 12, 2015. A fellow member of the ICAI with 28 years of standing, he was the Vice-President Institute for the Council Year 2014-15.

Background – CA Manoj Fadnis, ICAI president
An altruistic hard-worker bestowed with exceptional organisational, networking, administrative and leadership skills, he has been serving as a Central Council member since 2001, for five consecutive terms. An illustrious and versatile accountancy professional, he passed his B.Com. from Indore University and qualified as a Chartered Accountant in January 1987. He has been in practice ever since. Known for his passion for professional upliftment, he also holds Diploma in Information Systems Audit (DISA).

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Journey – CA Manoj Fadnis, ICAI president
A seasoned professional, he was elected to the Managing Committee of Indore Branch for the term 1992-95 and later elected as Chairman of the Branch in 1994-95. He was also elected to the Central India Regional Council for the term 1995-98 and was later elected as Chairman in 1997-98.

During his illustrious inning in ICAI Council ever since 2001, CA. Manoj Fadnis has made noteworthy contributions in whatever capacity he served the profession, particularly as the Chairman of various important Committees/ Board like Board of Studies, Direct Taxes Committee, Committee on Economic, Commercial Laws & WTO and Accounting Standards Board (ASB), etc. He was also on various Standing Committees of the Institute like Disciplinary and the Examination Committees.

As Chairman of the ASB he was instrumental in formulation of accounting standards and has been widely credited with the converging Indian Accounting Standards with the International Financial Reporting Standards, which were eventually notified in February 2011.

Having also passionately represented Indian accountancy profession on the international front, he had been ICAI nominee in the meetings of the National Standard Setters and the World Standard Setters, Asia Oceanea Standard Setters Group and Emerging Economies Group. He has also represented the ICAI in IFAC Board Meeting as Technical Advisor, CAPA Board Meeting, SAFA-IFAC Regional SMP Forum, World Congress of Accountants.

An outstanding facilitator of ICAI and accountancy profession as a leading partner in nation building, he has been nominated on the board of public companies by the Ministry of Corporate Affairs. He is also on the board of listed companies as independent director, besides being on the board of Directors of Indore Management Association. He was nominated as Director on the Board of State Bank of Indore from 2002 to 2005 besides having been nominated on the Audit Board of M.P. Co-operative Board, Bhopal.

A prolific writer and ace speaker, his articles have been published in various magazines including The Chartered Accountant. He has also been the visiting faculty in management colleges for the subjects related to the profession.

We wish the new president all the best in his new endeavors.

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