24 November 2008
Hi all, I am Associate member of the Institute. Now I am in London and studying ACCA and SAP FICO. But I have not informed the Institute about that. Is it necessary to inform or fill any form? Please guide me. I am here since last two months.
26 July 2024
Becoming a member of an overseas chapter of ICAI (Institute of Chartered Accountants of India) involves a specific process that varies slightly depending on the chapter you wish to join. Here are the general steps and considerations:
### Steps to Become a Member of an Overseas Chapter:
1. **Eligibility**: You must be a member of ICAI in India first. This means you need to have completed the CA course and be a registered member of ICAI.
2. **Application**: Contact the specific overseas chapter where you wish to become a member. Overseas chapters are typically located in major cities or regions with a significant Indian diaspora.
3. **Documentation**: You will likely need to submit documents proving your membership with ICAI in India, such as your membership certificate, passport-size photographs, identity proof, and possibly proof of residency or employment in the overseas country.
4. **Fees**: There may be membership fees associated with joining the overseas chapter. These fees can vary depending on the chapter and the services they provide.
5. **Benefits**: Membership in an overseas chapter can offer several benefits: - **Networking**: Access to a community of Indian CAs and networking opportunities with professionals in your field. - **Professional Development**: Workshops, seminars, and training sessions organized by the chapter to enhance your professional skills. - **Recognition**: Being part of an overseas chapter can enhance your credibility and recognition in the local business community.
6. **Events and Activities**: Participate in events, conferences, and social gatherings organized by the overseas chapter. This can help you stay connected with the profession and build relationships.
7. **Support**: Many overseas chapters provide support to members in terms of career advice, job placements, and guidance on local regulations and compliance.
### Cost Considerations:
- **Membership Fees**: As mentioned, there may be membership fees associated with joining an overseas chapter. These fees can vary widely, so it's advisable to inquire directly with the chapter.
- **Event Fees**: Some events organized by the chapter may have separate fees for attendance.
### Is Membership Free?
Generally, membership in overseas chapters of ICAI is not free. There are administrative and operational costs involved in running the chapter, organizing events, and providing services to members. Therefore, there is usually a membership fee to cover these costs and support the activities of the chapter.
### Conclusion:
Joining an overseas chapter of ICAI can be highly beneficial for Indian CAs living abroad. It provides a platform for networking, professional development, and support in a foreign country. If you're interested in becoming a member, reach out to the specific overseas chapter you wish to join for detailed information on the process, fees, and benefits available to members.
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