A good combination of erudition, foresight and professional excellence has made CA. G. Ramaswamy, the President of Institute of Chartered Accountants of India (ICAI), the supreme torch-bearer of Indian accountancy profession.
He is a fellow member of the ICAI with more than 25 years of standing, he was elected as the President of ICAI for the year 2011-12 by the 21st Council of Institute on February 12, 2011. Bestowed with exceptional organisational and administrative skills.
He served as Vice president of the ICAI for the year 2010-11. CA.G.Ramaswamy is an illustrious and versatile practicing Chartered Accountant since 1984. He is also a fellow member of the Institute of Company Secretaries of India (ICSI). Hailing from Coimbatore (Tamil Nadu), he has vast experience in the field of taxation, company law matters, audit and internal audit, management consultancy of more than two decades.
Having a penchant for perfection, he has the distinction of being the 1st nominated member of the Quality Review Board, an external body constituted under the Chartered Accountants (Amendment) Act, 2006 to act as an oversight body of the profession.
Holding Important Positions
CA. G. Ramaswamy, has also been nominated as Member of the 2nd Quality Review Board constituted by the Government of India.An ardent advocate and proponent of ‘brand Indian CA’ and accountancy profession globally, he has been nominated Technical Advisor to IFAC Board and Technical Advisor to PAODC of IFAC. He also had a crucial role as the Institute’s Representative to the Committee on Harmonization of Fiscal & Tariff Regimes in SAFA Region for the year 2010-11.
He was nominated as Vice Chairman in SAFA Centre of Excellence on Standards and Quality Control and as a member of SAFA task force. He was also the nominated member of SAFA Committee for improvement in Transparency, Accountability and Governance. A facilitator of ICAI as ‘Partner in Nation Building’, he also represents ICAI on a number of Governmental/other stakeholder committees/boards, including as member of National Advisory Committee on Accounting Standards (NACAS).
He has also been nominated to the Standing Committee on TDS for the year 2011 for exchange of ideas on enhancing voluntary TDS/TCS compliance, strengthening partnership with tax practitioners, tax deductors/collectors and third party partners, and promoting education and awareness of TDS/TCS provisions amongst the deductors/collectors & tax payers besides minimizing scope for grievances.
Noteworthy Contributions
CA. G. Ramaswamy has served the profession holding important positions in both Standing and Non Standing committees of the ICAI ever since. He served as member of all the standing committees of the ICAI viz. Disciplinary Committee (Old and new mechanism), Examination Committee, Finance Committee and Executive Committee.
He has made noteworthy contributions in whatever capacities he served the profession, particularly as Chairman ‘Committee on Electoral Reforms’, ‘Fiscal Laws Committee’, ‘Continuing Professional Education Committee,’ Vice Chairman for ‘Committee on Accounting Standards for Local Bodies,’ ‘Audit Committee’ and ‘Committee on International Taxation’, ‘Committee on Information Technology’, ‘Committee on Corporate Governance’, ‘Fiscal Laws Committee,’ and Commerce Education and Career counseling.
Awards And Talents
He had been a member of Southern India Regional Council (SIRC) of ICAI since 1994 and went on to become the Chairman of the SIRC for 1999-2000, during which period the SIRC bagged the best Regional Council award and Best Students Association award on all India basis. He was also the member of Body of Board of Governors of Institute of Internal Auditors, [IIA]-Chennai.CA. G. Ramaswamy is a prolific speaker and writer.
He has addressed various National and International Conferences on Accounting and Auditing Standards, Taxation, Company Law matters, Banking and various topics related to the CA profession.
He has represented ICAI at various international fora, including CAPA & SAFA, and has addressed a series of international conventions and seminars on the themes related to Governance & IFRS.A keen golfer, he is a member of various social clubs and organisations.
He has widely traveled and visited a number of foreign countries and as part of international delegations and study tours. The primary goal of President, ICAI CA.G Ramaswamy is to uphold the confidence of public in ICAI and to create global chartered accountants by inculcating best international practices in them.