Minister for Corporate Affairs Unveils new Logo for CA Profession on Chartered Accountant’s Day.
The Minister of Corporate Affairs, Shri Prem Chand Gupta inaugurated the 59th Chartered Accountants Day, here today. It was on 1st July, 1949 that the ICAI came into being with the enactment of the Chartered Accountants Act, 1949.
The Minister unveiled the Logo designed for the CA Profession which consists of the letters ‘CA’ and a tick mark upside down inside a rounded rectangle with white background.
Speaking on the occasion, Shri Gupta highlighted that the concerns of ICAI relating to capacity building, autonomy and fastrack disciplinary mechanism have all been addressed by his Ministry through the Chartered Accountants (Amendment) Act 2006 notified on 23rd March, 2006. He stated that ICAI can now increase the membership fee without any change in regulation and approval from the Government, subject to a ceiling and that to increase the fee more than the ceiling, only approval from the Government was needed. He also stated that the ICAI has been empowered to approve academic courses as well as their contents without affecting any change in CA Regulation. The Minister further added that the Government has also removed the ban on fee sharing by members of ICAI in practice with certain categories of non-members to be recognized by the Council of ICAI. He assured that Regulations to effect the above will come into force at the earliest. In his address, the Hon’ble Minister appreciated the efforts made by the ICAI as a partner in Nation Building. He advised that misconduct by individual member should not go unpunished. Speaking on the occasion, CA Sunil Talati President, ICAI stated that the logo has been designed to create brand image for the Chartered accountancy profession.. President ICAI stated that, the letters ‘CA’ in the logo have been put in blue colour, the corporate colour which not only stands out on any background but also denotes creativity, innovativeness, knowledge, integrity, trust, truth, stability and depth. The upside down tick mark typically used by Chartered Accountants, has been included to symbolize the wisdom and value of the professional. The green colour in the tick mark signifies growth, prosperity, harmony and freshness.
Coinciding with the occasion, the ICAI has come out with a co-branded credit card for Chartered Accountants in association with ICICI bank. President ICAI stated that the credit card will benefit the members and is expected to act as an affinity card for the members.