ANNOUNCEMENT

SCHEME FOR RETROSPECTIVE RESTORATION OF MEMBERSHIP

With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council in its 374th meeting held in March 2018 has decided to give an opportunity by way of Scheme for restoration of their names retrospectively. By availing the scheme, the members will get benefit of the seniority of membership which will be reckoned for the purpose of eligibility to fellow membership.

Continuation of membership entitles a member to designate himself as CA‟ and also other benefits like monthly Journal of the Institute , Newsletters of Regional Councils & Branches of the Institute, participation in the conferences, seminars and other programmes organized by the Institute, Regional Council and/or Branch; regular update on programs being organized and initiatives taken for the benefit of the profession and members; emerging professional opportunities, practice area development, publications of the Institute etc. Further, there are new emerging professions such as Insolvency Profession for which membership of the Professional Institute is a mandatory condition.

This is an excellent opportunity to get name restored with retrospective effect. The benefit of the scheme may be availed by submitting the prescribed application in Form 9 on or before 31st March, 2018 in order to be eligible for inclusion of name in the List of Voters as on 1st April 2018 for the election to the Council/Regional Council to be held in December 2018.

However, the retrospective restoration of membership scheme shall remain in force till 30th April 2018. Members from whom Form 9 is received on or after 1st April 2018 but up till 30th April 2018 will get the benefit of retrospective restoration of membership but will not be eligible for inclusion of name in the List of Voters as on 1st April 2018 for the election to the Council/Regional Council to be held in December 2018. Kindly note that the Certificate of Practice will be granted from the prospective date only i.e. the date on which Form 6 is received in the Regional office of the Institute.

Details of Scheme are given below:-

(i) Retrospective restoration of membership;

Category I: The names of the members whose name is removed prior to 31st March 2017 on account of non payment of fees and not restored as on date may apply for retrospective restoration of their names under Scheme by filling Form 9 along with the membership fees for the year during which the name was removed and for the current year together with the fee(s) for the intervening years and the additional fee of Rs.1200/- or Rs 3000/- or Rs 4000/-  as applicable towards restoration. To avail benefits of the Scheme, members should submit the requisite fees and Form 9‟ latest by 30th April 2018.

The scale of membership fee as applicable from time to time is as given below:

Effective from Associate Fee (in Rs.) Fellow Fee (in Rs.)
01.04.2017

1,500 (Rs.1,100/- for member who has attained age of 60 years and above as on 1st April of relevant year but not holding COP)

3,000 (Rs.2,300 for member who has attained age of 60 years and above as on 1st April of relevantyear but not holding COP)

01.04.2011

800 (Rs.600 for member who has attained age of 65* years as on 1st April, 2011)

2,200 (Rs.1,600 for member who has attained age of 65 years as on 1 st April, 2011)

01.04.2008 600 (Rs.450 for member who has attained age of 65 years as on 1st April, 2008)

1,800 (Rs.1,300 for member who has attained age of 65 years as on 1st April, 2008)

01.04.2000 300 900
01.04.1996 225 700
01.04.1991 150 400
01.04.1986 100 275
01.04.1982 80 200
01.04.1976 60 125
01.04.1975 45 110
01.04.1964 28 83
01.04.1949 25 25

* With effect from 28th March, 2013, the age of 65 years has been reduced to 60 years.

Restoration Fee:

Restoration Fee No. of years of

removal*

Amount (in Rs.)

within 3 years of removal

Rs.1,200/-

After 3 years of removal but before 5 years

Rs.3,000/-
After 5 years of removal Rs.4,000/-

*3 years are reckoned effective the financial year in which the name was removed and immediate two succeeding financial years.

Example:

Where the name of an Associate member was removed from the Register of Members in the year 1991-92, the fees to be remitted with the Form 9‟ for retrospective restoration will be as under :

Summary of fee payable

Fee for the year 1991-92 [the year in which the name was removed]

150/-
Fees for the intervening years (1992-93 to 2016-2017)

1992-93 to 1995-96 @ Rs.150*4 = Rs.600

1996-97 to 1999-00 @ 225*4 = Rs.900

2000-01 to 2007-08 @ Rs.300*8 = Rs.2,400

2008-09 to 2010-2011 @ Rs.600*3=Rs.1,800

2011-12 to 2016-2017 @Rs.800*6=Rs.4,800

10,500/-
Fee for the year (2017-18)

[where the associate member has not attained the age of 65 years as on 1st April, 2011]

[where the associate member has not attained the age of 60 years as on 28th March , 2013]

1,500/-
Fee for the year (2018-19)

[where the associate member has not attained the age of

65 years as on 1st April, 2011]

[where the associate member has not attained the age of 60 years as on 28th March , 2013]

1500/-
Restoration Fee 4,000/-
Total 17,650/- (if paid before 31st March 2018)
GST @ 18% 3,177/-
Total 20,827/- (Please add 1500/- + GST if paying on or after 1st April 2018)

(ii) Retrospective restoration of membership under Regulation 19 of CA  Regulations, 1988:

Category II: The members whose membership exists as on 01st April 2017 and continued upto 15th March 2018 but subsequently got removed as on 16th March 2018 on account of non-payment of fee are eligible for restoration of their names retrospectively under Regulation 19 of the Chartered Accountants Regulations, 1988. Such persons may apply upto 30th April 2018 in Form 9 along with the membership fees i.e Rs. 1500/- as an associate and Rs 3000/-as fellow, as the case may be, for the current year (2017-18) and the additional fee of Rs.1200/- towards restoration of name.

Members desirous of availing the opportunity may also apply on-line for restoration of their name by visiting www.icai.org and downloading Form ‘9’. The link is given on home page “Know Your Institute – Restore your Membership”.

(iii) Restoration of certificate of Practice:

(a) The members who had held their certificate of practice as on 15thMarch 2018 and the same had subsequently been cancelled on account of non payment of the related fee w.e.f 16th March 2018 are eligible to have their certificate of practice restored retrospectively i.e from 16th March 2018 provided application in Form 101 for restoration along with the certificate of practice fee of Rs.3000/- for Associate and Rs 4000/- for Fellow for the current year from such members is received by the Institute latest by 31st March 2018.

(b) Where, the certificate of practice stands cancelled on or before 31stMarch 2017 on account of non payment of the related fee, certificate of practice in such cases will be issued afresh from the prospective date, i.e., the date on which the application for the same together with Form ‘6’ and the requisite fee is received by the Regional office of the Institute.

Members desirous of availing the opportunity may also apply online for restoration/issue of afresh Certificate of Practice by visiting www.icai.org and downloading Form ‘6’ and the payment can be made online through link “online membership payment under e-services”.

For any clarification or more details, please contact the concerned Decentralised Office of the Institute or the Head Office over phone No. 0120-3045997 / 3045998 or e-mail to mss@icai.in

24th March 2018

(V. SAGAR)

Secretary, ICAI

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