Cma from us

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sanjeev

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06 February 2014 sir...plz tell me more information about CMA US...duration...fee...froms...from new delhi...sanjeev

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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08 February 2014 1
Procedure for CMA Certified Members of IMA USA to get Membership/Renewal
of
Membership of The Institute of Cost Accountants of
India

1. Please ensure that you have completed and acquired IMA qualification from a place
other than India. For this purpose, it is to be ensured that the entire course of IMA,
USA as well as examination should be pursued from outside India.

2. Furthermore, application for membership is contingent upon your having met, and
continue to meet, all the educational, experience, continuing education and ethics
requirements of both IMA USA & ICAI’s qualifications and having paid the
appropriate fees and dues required for membership.

3. Please ensure that your membership dues to IMA USA have been paid. It may be
noted that the IMA membership fee is required to be paid prior to application for ICAI
Membership and renewal in the subsequent years. To apply for ICAI Membership
or Renewal of Membership now, a member must have cleared his dues for 2012-13 to
IMA USA.

4. IMA USA would send a status certificate in respect of their CMA Members directly to
ICAI under intimation to the applicants in the format given in Appendix I (for ICAI
Membership in first year) & Appendix II (for Renewal of ICAI Membership in subsequent
years).

5. At the time of first application for ICAI membership only, send Membership
application form, which can be downloaded from the Institute’s website in
the link: http://182.71.171.59/External/PublicPages/WebsiteDisplay/PractitionersForms.aspx.
The fees (total US$ 450) are payable as mentioned below. Please send duly filled in and
signed hard copy of the form along with relevant annexures, a passport size coloured
photograph and fees to the Directorate of Membership, The Institute of Cost Accountants
of India, 12 Sudder Street, Kolkata – 700
016. Please also attach documentary evidence / sworn statement duly attested by IMA USA
of the place from where you have completed and acquired the IMA
qualification. (i) US$ 15 towards entrance fee,
(ii) US$ 210 towards annual membership fee,
(iii) US$ 225 towards ICAI examination exemption fee.

6. Mode of payment of fees to ICAI:

 If you reside outside India, fees can be remitted by any of the following ways:
a) By transfer to ICAI’s Bank Account through JP Morgan Chase Bank, New
York: U.S Dollars:

2
Ultimate beneficiary is an individual:
To
(Intermediary Bank)
Field 56
JP Morgan Chase Bank
New York
(payment should be routed either via CHASUS33
OR CHIPS Participant No. 0002 OR FED ABA
021000021)
For credit to:
(Bene Bank)
Field 57
0011404332 OR CHIPS UID 373060
Punjab National Bank (PUNBINBBCLN)
Ultimate bene:
Field 59
Acct No. 0093002109030025
Bene Name: The Institute of Cost Accountants of
India
Address: 12, Sudder Street, Kolkata – 700 016,
India.
Bank to bank info:
Field 72
/BNF/ for further credit to Punjab National Bank
New Market Branch

Punjab National Bank’s reference no. must be mentioned to facilitate quick
identification. b) By transfer to ICWAI’s Bank Accounts directly:
(i) Details of Bank Account with Punjab National Bank

A/C Name - The Institute of Cost
Accountants of
India

PNB A/C NO. (Current a/c) - 0093002109030025

Swift Code : PUNBINBBCLN

IFSC Code of PNB --- PUNB0009300

Address : New Market
Branch, Kolkata.

(ii) Details of Bank Account with HDFC Bank Ltd.

A/C Name - The Institute of Cost
Accountants of India

HDFC A/C NO. (Current a/c) - 0140350000373

Swift Code : HDFCINBBCAL

IFSC Code of HDFC --- HDFC0000014

Address : 2/6, Sarat Bose
Road, Central
Plaza,
Kolkata -
700020.

c) By Cheque / Draft
3
# If you reside outside India, fees may also be paid by Cheque/Draft in U.S. Dollars drawn
in favour of “The Institute of Cost Accountants of India” payable at New York
adding appropriate bank charges.

# If you reside outside India, no fee is acceptable other than in US$ (i.e. US$ 450 in first
year and US$ 240 in subsequent years).

 If you reside in India, fees may be paid in equivalent INR by Cheque/ Draft in favour
of
“The Institute of Cost Accountants of India” payable at Kolkata, India.

Please send e-mail to membership.rb@icmai.in quoting your name and CMA
Membership no. intimating the details of payment made in all cases.
Soft copy of application Form ‘M-2’ can be downloaded from Institute’s website www.icmai.in .

Send duly attested copies of proof of your date of birth and highest academic qualification (i.e.
graduation or post graduation) along with duly filled in and signed application in Form ‘M-2’.

7. For renewal of ICAI membership in the subsequent years, remit US$ 210 towards
annual membership fee plus US$ 30 towards annual enrolment fee (total US$ 240) along
with the status certificate of CMA Members issued by IMA USA in Appendix II. The renewal
of membership shall be subject to Continuing Education Programme (CEP) Guidelines of
ICAI as follows:

 A member who obtains membership in accordance with the MOU entered into between
IMA & ICAI, should obtain minimum mandatory training of 30 hours per year.
 A member who obtains membership in accordance with the MOU entered into between
IMA & ICAI and is over 55 years of age and retired from the profession is exempt from
the CEP requirements.
The detailed CEP Guidelines are uploaded on the website of ICAI www.icmai.in .
However, Continuing Professional Education credit of minimum 30 hours per year of IMA
USA shall be acceptable.

8. Under the IMA/ICAI partnership, certified members seeking mutual recognition must
maintain membership in both IMA and ICAI. Membership of ICAI shall be cancelled if you
discontinue membership of IMA USA.

9. Upon admission to and renewal of Associate Membership of ICAI, you shall be entitled to
use the descriptive letters “ACMA” after your name. You shall be entitled to apply for Fellow
Membership of ICAI after completion of 5 continuous years as Associate Member by
following the same procedure mentioned above for Associate Members, subject to payment
of prescribed fees for Fellow Membership. Upon grant of Fellow Membership, you shall be
entitled to use the descriptive letters “FCMA” after your name. Fellow Membership of ICAI
shall be granted upon compliance of all requirements by the applicant in accordance with
the rules of ICAI. Please note that direct entry as a “Fellow” is not permissible.

10. You shall not be entitled to contest and cast vote in the Central / Regional Council Elections
of ICAI.

11. You shall not be able to hold a practicing license to undertake any statutory work in India. 4

12. Contact IMA’s Member Services Team to answer questions about IMA membership and
CMA certification. Contact IMA Member Services at 800-638-4427 (North America) or +1-
201-573-9000 (Outside of North America), or by e-mail at ima@imanet.org.

13. Contact Mr. Rajendra Bose, Joint Director (Membership), The Institute of Cost
Accountants of India, 12 Sudder Street, Kolkata – 700 016,
Phone: 91-33-22521031/1034/1035/1492/1602/1619, Fax: 91-33-22521723, e-mail:
membership.rb@icmai.in for any query. 5

APPENDIX I

Sub: ICAI Membership
TO WHOM IT MAY CONCERN

This is to confirm that Mr./Ms. ……………………………………………………….is a
Certified Management Accountant (CMA) and member of the Institute of Management
Accountants (IMA) USA. His address is ……………………………………………………………...
His IMA membership number is ………… and his CMA certificate number ……….., was
awarded on ………(date). He is a current member of the IMA and his CMA certificate is in good
standing. Mr./Ms……………………………………………………… successfully completed and
acquired the CMA certification from outside India.

Dated : (Authorised Signatory)
IMA USA 6

APPENDIX II

Sub: Renewal of ICAI Membership
TO WHOM IT MAY CONCERN

This is to confirm that Mr./Ms. ……………………………………………………….is a
Certified Management Accountant (CMA) and member of the Institute of Management
Accountants (IMA) USA. His address is ……………………………………………………………...
His IMA membership number is ………… and his CMA certificate number ……….., was
awarded on ( date ). He is a current member of the IMA and his CMA certificate is in good
standing. Mr./Ms……………………………………………………… successfully completed and
acquired the CMA certification from outside India. He/she also acquired ……… CPE credit
hours during …… …(year).

Dated : (Authorised Signatory)
IMA USA