The Committee for Co-operatives and NPO Sectors is a non-standing Committee of the Institute of Chartered Accountants of India formed under the regulatory provisions of the Chartered Accountants Act, 1949. This Committee was formed in the month of February, 2011 by the President, ICAI. The Committee has been constituted to identify issues and opportunities in the Co-operatives and NPO sectors and equip members and other stakeholders to find a new niche for themselves and as well as maintaining and developing the core competencies in the Co-operatives and NPO sectors.

Terms of Reference

  • To suggest suitable reforms in the statutes regarding Co-operatives and NPOs.
  • To promote uniform accounting framework for Co-operatives and NPOs.
  • To formulate guidelines for state-wise auditors empanelment to interact with the concerned authorities.
  • To promote good governance, best practices and prudent financial management in the Co-operatives and NPO sectors/ mutually aided Co-operative Societies [MACS]/ Self help groups/clusters and federations.
  • To promote social audit concept in the NPO and Co-operative Sectors and conduct awareness program for the benefit of the stakeholders.
  • To provide technical and governance inputs through training, workshops, resource materials, publications to the management personnel and members of Governance of Co-operatives and NPO Sectors.
  • To constitute an award/recognition for corporate social responsibility initiative by any NPO/Co-operatives.
  • To support the initiatives of the State and Central government and corporations in this sector.
  • To develop necessary technical guides and publications for the benefit of Co-operative banks, Co-thrifts and credit societies and other Co-operatives as a national movement.
  • To develop a knowledge portal providing information regarding subsidies and other support received by the NPOs from the State and the Central Government and to promote various government initiatives to implement social welfare schemes of the NPO Sector and facilitate sharing of knowledge regarding Governance, legal compliance and best practices in financial management.
  • To help the government in monitoring financial discipline in the NPO sector by prescribing transparent guidelines and procedures including documentation and evidence of actual work done and to advise the government on limitations to be imposed on administrative and other expenditures of the NPOs specially those incurred out of government grants.
  • To suggest recommendation on issues related to the Foreign Contributions Regulation Act, 2010, Rules, regulations and guidelines framed there-under and any other laws affecting this sector with a view to ensure smooth flow of funds on one hand and national security and national interest on the other.
  • To Conduct Certificate Course on Cooperatives.
  • To Conduct Certificate Course on Not for Profit Organizations.


Updated on 10.12.2020


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September 2021