03-12-2022 : For the years 2022–2023, Vijender Sharma has been chosen as the new president, and Rakesh Bhalla as the vice president. The Union Ministry of Corporate Affairs has administrative jurisdiction over the institute, which was established as a statutory organization by a parliamentary act.
Mr. Vijender Sharma was Vice President and CMA Rakesh Bhalla was Central Council member and Chairman of Direct Tax Committee of the Institute in the previous term 2021-22. Sharma is a fellow member of ICAI and a law graduate. He is a leading practicing cost accountant since 1998 and insolvency professional since January 2017. He has an experience of over 22 years in diversified areas of financial, cost and management accounting, internal audit, management consultancy, forensic audit, insolvency, and liquidation, etc.
The Institute of Cost Accountants of India (ICAI-CMA) is a statutory body constituted under an act of the Parliament and is the regulator for the profession of Cost and Management Accountancy in India. Its qualified members are specialized in the field of Costing, Valuation, Insolvency Bankruptcy Code-2016 and Goods & Services (GST) Acts. The institute is also member of International accounting bodies. Having more than 60000 qualified members across the world.