COMMITTEE FOR COOPERATIVES & NPO SECTORS

(CCONPO)

PROSPECTUS

CERTIFICATE COURSE ON CO-OPERATIVES

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)

“ICAI Bhawan” Post Box No. 7100, Indraprastha Marg, New Delhi – 110002Ph. (011) 3989 3989; Website: www.icai.org

Members of the Committee for Co-operatives and NPO Sectors

CA. Rajkumar S. Adukia CA. Shiwaji Bhikaji Zaware CA. K. Raghu CA. Manoj Fadnis

Chairman Vice-Chairman President Vice-President (Ex-officio), Member (Ex-officio), Member

CA. Sanjeev K. Maheshwari CA. Dhinal Ashvinbhai Shah CA. Nilesh Shivji Vikamsey CA. S. Santhanakrishnan

Member Member Member Member

CA. Vijay Garg CA. Anuj Goyal CA. Naveen N.D. Gupta Member Member Member

Government Nominee

Shri Bhaskar Chatterjee Shri Sidharth K. Birla Shri Salil Singhal Member Member Member

Co-opted Members Special InviteeCA. Vijay Jhalani CA. Dinesh GandhiCA. Akki Basavaraja Kotrappa CA. Ramesh S Prabhu CA. Menshi Ashok Channabasappa Dr M.L. KhuranaCA. Madhu Sudan Goyal Mr Manohar G JoshiCA. A. Mohanan Dr Dinesh Mishra

CA. M.K. Aggarwal CA. Anil Aggarwal

CA. Mukesh Gupta CA. Sushil Gupta

CA. Rajkumar S. Adukia, Chairman, CCONPO

Co-operative movement has made tremendous progress in every aspects of the Indian economy. Huge numbers of cooperative societies have taken birth in the country over the time to boost the cooperative movement and so is developed the NPO sectors. As per my view this expansion has not yet achieved its optimum level and there still lie an enormous scope for their development in our country. We, Chartered Accountants, as a watchful guardian have huge responsibility on our shoulders for making sure that the policies formed, rules made by the Government are being duly complied with those charged with the authorities and the fund involved is going in it deserving hands.Knowledge is the key to success also to render quality services we’ll have to keep ourselves abreast with the latest happening around the globe professional field. Keeping in view the need of the hour to develop members of our Institute in these two more important fields Committee for Cooperatives & NPO Sectors has come up two separate courses ‘‘Certificate Course on Cooperatives” and “Certificate Course on Not-for-Profit Organizations (NPOs)”. The key feature of the “Certificate Course on Co-operative” is as follows:

1. Covers all the relevant statutes pertaining to cooperatives.

2. Cover the state specific laws pertaining to cooperative societies.

3. Management, Accounting, Auditing, Taxation of Cooperatives.

4. Latest development in cooperatives to equip the members with necessary tools and techniques

imperative to render quality services.

5. Income Tax, Service Tax, VAT, Stamp Duty Provisions etc. applicable to cooperative societies & NPO

sectors, as the case may be.

6. Cooperative Governance.

7. Financing and fund raising by Co-operatives.

8. Social Audit and many more.

The Institute of Chartered Accountants of India (ICAI)The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. During its 64 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.

ICAI-Partner in Nation BuildingICAI, as a part of its role in aiding proactive process towards better governance is called upon to interact with various regulatory/statutory authorities on issues of interest touching upon the profession and otherwise. In this process, the Institute, at regular intervals, provides technical advice and necessary inputs on matters of economic relevance to various Ministries and bodies like CAG, RBI, SEBI, CBDT etc.Following the initiatives undertaken by the ICAI, several departments of the Central and State Governments like Department of Post, Municipal Corporation etc have approached the Institute for utilizing the services of Chartered Accountants to advice on matters pertaining to economy, expenditure, development of control mechanism over public funds and alike.

ICAI Vision 2030To be World’s leading accounting body:ICAI envisions becoming the world’s leading accounting body by playing a predominant role in setting world class standards in identified service areas developing thought leadership and research that addresses concerns of countries, developed, developing and under-developed.

A regulator and developer of Trusted and Independent Professionals:ICAI will lay further thrust on its regulatory and developmental role that sets the highest standards of professional and ethical conduct of its members as a core value. Each and every member of ICAI will not only have the obligation to maintain exacting standards of clarity, transparency and disclosure and present an independent, informed and balanced opinion but ICAI will make examples of delinquent members to ensure this core value is embedded in the DNA of its members.

With World Class Competencies:ICAI will ensure that members have the right skills to serve global markets which are regularly updated and are relevant in the changing economic order. ICAI will provide holistic education, effective practical training and continuous professional development to ensure that the knowledge base of the profession keeps pace with emerging global practices and innovations.

In accounting, assurance, taxation, finance and business advisory services:ICAI will strengthen facilities available for providing education, training and continuous updation of knowledge as also research and development relevant in current times to establish thought leadership in these areas where members of ICAI have been providing services

About the Committee

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 Council, ICAI. Committee deals with the two major sectors i.e. Cooperatives and NPOs. Cooperatives are Commercial entity whereas NPOs are the organizations that use surplus revenue to achieve their goals rather than distributing them as a profit. 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. Committee also, has taken various initiatives related to CSR in line with Companies Act, 2013. With a view to create competent Corporate Social Responsibility (CSR) professional the Committee has formed a CSR Cell.

State Task Forces

The Cooperatives is the state subject and to the much extent NPO also. Keeping in view the state specific requirements of these sectors, committee constitutes State Task Forces (STFs) for various states/union territories of the country. State Task Forces (STFs) work towards identifying the issues of these two sectors that are required to be taken up to and resolved by appropriate authorities. Further, they also aim to identify the new professional avenues for Chartered Accountants in cooperatives & NPO sectors within the state. The Term of Reference of State Task Force can be referred from our website www.cconpo.icai.org

Functional Task Force

Committee has got its various forms. With the view to serve the sector effectively and efficiently the committee has decided to form functional task forces. These task forces shall look after following forms of Cooperatives:

Urban Cooperative Banks, Cooperative Housing Societies, Cooperative Credit Societies, Primary Agriculture Credit Societies, Cooperative Sugar Societies, Dairy Cooperatives, Textile Cooperatives, Consumer’s Cooperative Societies, Multi-purpose Cooperative Societies, and Multi-State Cooperative Societies.

Professional Opportunities for Chartered Accountants in Cooperatives

The Chartered Accountants are considered as watchful guardian of interest of the society. The knowledge and expertise that Chartered Accountants possesses can help Cooperatives grow in at a rapid pace and in right direction. Chartered Accountants can play versatile role within this sector in the field of Accounting, Auditing, Taxation, Law, Governance, and Management of cooperative societies. Other Professional opportunities are drafting of laws, registration of society, representation before the cooperative court/ Cooperative Appellate Court/ Cooperative Arbitration Court and so many. Huge opportunities are emerging for professionals like Chartered Accountants and it is imperative on our part to keep ourselves abreast with the development happening around these sectors to render quality services.

About the Courses

The Committee conducts two courses, 1. ‘Certificate Course on Co-operatives’ and 2.‘Certificate Course on Not-for-Profit Organizations (NPOs)’. These courses are the premier educational event for the professionals. Being a part of these courses and taking advantage of all they have to offer and enable you to keep pace with changes; and raise your awareness, understanding, and knowledge of best practices and innovations in profession today more particularly to Co-operatives and NPO Sectors.

All sessions will feature experts to give you the most up to date information on new regulations and legislation pertaining to co-operatives and NPO sectors that will impact the professional work. Experts will outline strategies to help you to adapt to the transition to the changes in auditing, taxation and accounting. Eminent speakers will share their insights, strategies and advice on identifying and maximizing opportunities in these two fastest growing sectors.

CERTIFICATE COURSE ON CO-OPERATIVES

The course duration: 36 hours and will be done as per request received from programme organizing units, normally 6 Saturdays.

Session Sr. No.

Session Topic

DAY 1

1 History of Co-operatives and Overview of Co-operative Movement in the World and in India

Types of Cooperative Societies2 Constitutional Provisions relating to Co-operatives

Set up of the State Department of Co-operation3 Overview of Multi State Co-operative Societies Act, 2002 and Rules

Setup of office of the Central Registrar of Co-operative Societies4 Professional Opportunities in Co-operatives

DAY 2

5 State Co-operative Acts and Model Bye Laws for all types of Co-operative Societies and changes which can be made

6 Accounting and Management for Co-operative Societies

7 Liquidation, Merger, restructuring of Co-operatives

8 Producer Companies under Companies Act,1956

DAY 3

9 Service Tax and VAT applicability and provisions relating to Co-operative Societies

10 Income Tax Provisions applicable to Co-operative Societies

DAY 4

13 Financial Reporting for Co-operatives (Especially Multi-State Co-operatives)

14 Co-operative Banks Prudential Norms applicable to Co-operative Banks & Co-operative Credit

Societies Reserve Bank of India Act, 1934 Banking Regulation Act, 1949 Prevention of Money Laundering Act, 2002 Other Acts Applicable

Types of Co-operative Banks- SCB DCCBs UCB SCARDB15 Auditing and Reporting of Co-operatives

Auditing Standards, Audit Reports, Rectification Reports16 Annual Legal Compliances for Co-operatives

DAY 5

17 Dispute Resolution for Co-operatives Co-operative Courts/ Tribunals Co-operative Appellate Courts/ Tribunals Arbitration and Conciliation,1996 Panel for Arbitration Sec 89 of Code of Civil Procedure

18 Co-operative Governance for Co-operative Societies

19 Transfer of Properties, Stamp Duty and Registration Provisions applicable to Co-operatives Transfer of Property Act, 1882 The Registration Act, 1908 Stamp Laws

20 Other Laws Applicable: Right to Information Act,2005 Consumer Protection Act,1986 Labour Laws Intellectual Property Rights Stamp duty & Registration Act

DAY 6

21 Financing and Fund Raising by Co-operatives

22 Governments Funds and Subsidies provisions for Co-operatives

23 Objective Assessment Test

24 Visit to The Registrars’ Office and skills for interaction with the department officials

Eligibility

Members of ICAI

Course Duration: The duration of course is six days, six hours per day. Classes will be held on Saturday.

ExaminationCandidate who successfully attends 80% classes shall be eligible for appearing in exams. After successful completion of the classes candidates will be eligible to sit in the exam. Exam shall be on last Saturday and Sunday of each quarter i.e. four times in a yea. Passing marks shall be 40% in each subject and 50%, in aggregate, of the total marks. Each paper will be of 100 marks. Candidate who successfully attends the classes and qualifies the exam shall be awarded with the certificate in this regard.

Professional Credit36 CPE hours credit in the completion of the course.

FacultyEminent faculties from professional fields shall be invited to take the classes and share their experiences with the participants.

When to register?Registrations are open throughout the year for batch starting at different places of the country. For more detail regarding registration please contact Committee Secretariat.

How to register?Candidate may send duly filled registration form to the Committee for Cooperatives & NPO Sectors either by online or by post. Registration form is available in this prospectus. Registration form may also be downloaded from www.icai.org and www.cconpo.icai.org. Form should be sent only after it is duly filled in with the details required thereat and is accompanied with requisite fees.

FeesRs. 7,500/- per member for those who have not completed 5 years of membership as on July 1st, 2014.Rs 10,000/- for others

Cheque/ DD shall be drawn in favour of “Secretary, The Institute of Chartered Accountants of India” payable at New Delhi.

Where to register?Duly filled registration forms can be sent at below mentioned address. For online registrations please click http://cconpo.icai.org/. Further for any other query regarding certificate course candidate may contact us at address given below:The Secretary,Committee for Cooperatives & NPO SectorsThe Institute of Chartered Accountants of IndiaICAI Bhawan, Hostel Block, 7th Floor, Plot No. A- 29Sector- 62, Noida, Uttar Pradesh- 201309Ph: 0120-3045996/ 3876869/ +91-9650034719; Email: cccoop@icai.in; Website: www.cconpo.icai.org

THE ISTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

MEMBERS OF 22ND COUNCIL AND SECRETARY, ICAI (As on 12th February, 2014)

Glimpses of the First Batch of Certificate Course on Cooperatives at Mumbai

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)

“ICAI Bhawan” Post Box No. 7100, Indraprastha Marg, New Delhi – 110002Ph. (011) 3989 3989; Website: www.icai.org