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 35 th 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 1 st, 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.
