Member's Photo
CA. Charanjot Singh Nanda
Vice-President, ICAI

CA. Charanjot Singh Nanda, Vice-President, ICAI

An ardent wordsmith and an eloquent orator with the thought process of a societal benefactor, CA. Charanjot Singh Nanda, FCA, has been elected as the Vice-President of the Institute of Chartered Accountants of India for the term 2024-25.

CA. Charanjot Singh Nanda has been a practicing Chartered Accountant for the last 33 years. Exhibiting outstanding academic acumen, he attained his Bachelor of Commerce degree from M.L.N. College in 1987, consistently securing a position on the Merit List at Kurukshetra University throughout his undergraduate studies. Furthermore, he secured 35th rank in the CA Inter Examination and attained his Chartered Accountancy qualification in 1991. A distinguished Fellow Member of ICAI serving the profession for the three decades, CA. Charanjot Singh Nanda was elected to the Central Council of ICAI in 2004, serving six terms. He was also the Chairman of the Northern India Regional Council (NIRC) of ICAI for the years 2002-2003.

Throughout his illustrious tenure, he has been the chairman of many committees and garnered notable achievements. With the vision to build the thought leadership of Internal Audit, he served as the chairman of the Internal Audit Standards Board for several years. The Committee has issued New Standards on Internal Audit and various Technical Guides/ Studies/ Manuals constituting an important tool towards helping the internal auditors for performing efficient and effective internal audit. With his guidance, knowledge, expertise and skills, he has promoted exchange of ideas and dialogue between the Institute and the Chartered Accountants in industries while he served as Chairman of the Committee for Members in Industry.

During his tenure as the first Chairman of the Women Members Empowerment Committee, he encouraged innumerable women CA’s to achieve their goals, who are now setting an example in Chartered Accountant Profession. He also chaired the Committee for Co-operatives and NPO Sectors and has been one of the forces behind AML Compliance which will be of great help for Chartered Accountants. Under his chairmanship of the Digital Accounting and Assurance Board, the Forensic Accounting, and Investigation Standards (FAIS) have become mandatory since July 1st, 2023. During his tenure as the Chairman of the Committee on Financial Markets & Investors Protection, suggestions on various Bills/Regulations/Notifications/circulars and other documents related to the Financial Market were provided to the Government/Regulatory bodies.

CA. Charanjot Singh Nanda also served as the Chairman of the Continuing Professional Education Committee where he motivated the CA professionals to stay updated on the latest advancements within their primary domains. As the Chairman of the Public Relations Committee, he also bolstered ICAI's reputation as a leading accountancy institution, both nationally and internationally. CA. Nanda also served as the Chairman of the Research Committee, during which, the committee crafted authoritative Guidance Notes on numerous accounting facets.

CA. Charanjot Singh Nanda advocates holistic growth of the institution and represented ICAI at various national and international platforms. He has represented the Institute as a member of various committees constituted by the Govt. and regulatory bodies like the Quality Review Board, SEBI Advisory Committee on Primary Market (2007-2010) & Committee on Mutual Funds (2007-2010), SEBI Committee on Disclosures and Accounting Standards (SCODA), Expert Committee of SEBI to facilitate ease of doing business and harmonization of the provisions of ICDR and LODR Regulations, Convener of the Expert Group constituted by the Ministry of Corporate Affairs, on Investor Protection, a member of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and National Council on Capital Market.

Representing ICAI on the global stage, CA. Charanjot Singh Nanda also served as the Chairman of the South Asian Federation of Accountants (SAFA) Committee on Information Technology. He has also been a Member of the Southern Asian Federation of Accountants (SAFA) on the Committee on Professional Accountants in Business (PAIB) and Committee on Improvements in Transparency, Accountability & Governance. He has also represented ICAI on platforms like Association of Certified Fraud Examiners (ACFE) and Institute of Internal Auditors (IIA).

He has recently been nominated as the ex-officio nominee of the ICAI on Standing Committee on Accounting Issues (SCAI) of IRDAI and as the Member for the Committee on Corporate Governance Guidelines for Insurers in India. He has also been elected as the ICAI’s representative on the Dedicated Cell on Services Trade Restrictiveness Index (STRI) constituted by Ministry of Corporate Affairs for possible reform measures under STRI and monitor developments in this regard in coordination with Department of Commerce.

Other nominations include his nomination on the Associated Chambers of Commerce and Industry of India (ASSOCHAM) National Council on Capital Market and as the ICAI’s representative on Regional Direct Taxes Advisory Committee formed under Central Board of Direct Taxes (CBDT) at New Delhi.

CA. Charanjot Singh Nanda is an individual who embraces imperative change. His extensive tenure with the institute underscores his adeptness in management and strategy. Serving as chairman across multiple ICAI committees and as a prominent representative in Government Bodies and Regulatory Agencies, he has elevated the institution's stature. He ardently champions holistic progress and endeavours to fortify the nation's economy.