PRESIDENT, ICAI Mr. T.N. Manoharan, FCA, Chennai, aged 48, has been elected as the president of the Institute of Chartered Accountants of India (ICAI), the Apex Body of the profession of Chartered Accountants in India, for a period of one year commencing from 5th February, 2006. He hails from a freedom fighter's family with agriculture background. He is a post graduate in commerce from Sri Venkateswara University and a law graduate from Madras University. A member of the ICAI with 23 years of standing, Mr. Manoharan was elected to the Council of ICAI for the first time in 2001 and thereafter in 2004. He has served in all standing committees and various non-standing committees of the ICAI. During his association with the ICAI, he pioneered the bringing out of Peer Review Manual. He took initiative to bring out the Guidance Notes on Certification for Transfer Pricing and for Minimum Alternate Tax. He was instrumental in bringing out the revised edition of `Issues on Tax Audit'. Mr. Manoharan was the convenor of Working group constituted at the instance of Government of India for formulating recommendations for amendment in the Chartered Accountants Act, 1949. Mr. Manoharan represented the ICAI at the meetings of the International Innovative Network (INN), UK; Government Finance Officers Association (GFOA), USA and International Standards of Accounting and Reporting (ISAR) of the United Nations Conference on Trade and Development (UNCTAD), Geneva. Mr. Manoharan is presently chairman of ICAI Accounting Research Foundation. He is Chairman of the Centre of Excellence on Education, training and Continuing Professional Development (CPD) of the South Asian Federation of Accountants (SAFA - an Apex Body of SAARC). Mr. Manoharan is a member of the International Accounting Education Standards Board of International Federation of Accountants (IFAC). Mr. Manoharan was a visiting faculty at renowned professional Institutions and Business Schools. Besides being Chairman at technical sessions, Paper Writer and Key Note speaker at various conferences/seminars/workshops organised by professional bodies in India and abroad, he is also a prolific writer. He has authored many books on Direct Taxation. He has contributed articles in leading newspapers and journals.
Shri Sunil H. Talati, FCA, Ahmedabad, aged 54 years has been elected as the Vice-President of the Institute of Chartered Accountants of India (ICAI), the Apex Body of the profession of Chartered Accountants in India, for the year 2006-07. He is a postgraduate in commerce and also a law graduate. A member of the ICAI with 30 years of standing, Shri Talati was elected to the Council of ICAI for the first time in 2001 and thereafter in 2004. He has held the position of Chairman of Expert Advisory Committee, Financial Reporting Review Board, Corporate & Allied Laws, Corporate Governance Committee; and Vice-Chairman of Professional Development Committee, Committee for Members in Industry, Board of Studies, Committee for Information Technology and Professional Development Committee. Besides the above, he has also served on the Examination Committee, Disciplinary Committee, Expert Advisory Committee, Committee for Vision & Restructuring, Fiscal Laws Committee, Research Committee, Committee on Ethical Standards, Committee on Career Counselling and Commerce Education, Professional Development Committee, Editorial Board, Financial Market and Investor's Protection, Expert Advisory Committee, Committee on Information Technology. Audit Committee, Accounting Standards Board and Board of Studies as a Member. Shri Talati was the Vice-Chairman of the Western India Regional Council (WIRC) of ICAI and also Secretary of the Ahmedabad Branch of WIRC of ICAI. During his association with the ICAI, he was actively involved in preparing Pre and Post Budget suggestions/proposals. He has contributed actively in bringing out other publications by various Committees. Shri Talati has authored the Income Tax Ready Referencer in Gujarati and was also instrumental in bringing out Form 2C of Income Tax Act in Gujarati. Besides excellence in education and profession, he had been excelling in extra curricular activities also. He had been first Rotaract Governor in India from District 305 and first Chairman of National Council of Rotaract Governors. Having held various posts in Jaycees and in other social leading clubs, he was a sportsman right from School and College days being champion in Swimming, Tennis and Badminton. He is a regular columnist in Gujarati 'Financial Express' every Tuesday and monthly Journal Tax Reporter.