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    Payment of Fee by Members

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    Faheem Shaukat
    The document outlines new requirements for members of the Institute to pay annual membership fees. It states that all members must pay their fees by August 31 each year, or their names will be removed from the register of members as of September 1, and they will no longer be allowed to practice or use the designation of "Chartered Accountant." Before removal, the registration numbers of unpaid members will be published in the Institute's newsletter and on its website. The Council has advised the Secretariat to develop an effective follow-up process to help members pay their dues on time.

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    Payment of Fee by Members

    Uploaded by

    Faheem Shaukat
    11 views1 page
    The document outlines new requirements for members of the Institute to pay annual membership fees. It states that all members must pay their fees by August 31 each year, or their names will be removed from the register of members as of September 1, and they will no longer be allowed to practice or use the designation of "Chartered Accountant." Before removal, the registration numbers of unpaid members will be published in the Institute's newsletter and on its website. The Council has advised the Secretariat to develop an effective follow-up process to help members pay their dues on time.

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    The document outlines new requirements for members of the Institute to pay annual membership fees. It states that all members must pay their fees by August 31 each year, or their names will be removed from the register of members as of September 1, and they will no longer be allowed to practice or use the designation of "Chartered Accountant." Before removal, the registration numbers of unpaid members will be published in the Institute's newsletter and on its website. The Council has advised the Secretariat to develop an effective follow-up process to help members pay their dues on time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    11 views1 page

    Payment of Fee by Members

    Uploaded by

    Faheem Shaukat
    The document outlines new requirements for members of the Institute to pay annual membership fees. It states that all members must pay their fees by August 31 each year, or their names will be removed from the register of members as of September 1, and they will no longer be allowed to practice or use the designation of "Chartered Accountant." Before removal, the registration numbers of unpaid members will be published in the Institute's newsletter and on its website. The Council has advised the Secretariat to develop an effective follow-up process to help members pay their dues on time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Directive 3.

    03
    Payment of Fee by Members
    In pursuant to Section 6(2) and 15(2)(g) of the Chartered Accountants Ordinance,
    1961 read with Bye-Law 10 of the Chartered Accountants Bye-Laws, 1983, the
    Council of the Institute decided to issue this Directive for compliance by the
    members.
    It is observed that every year in June, the Institute start s approaching its members
    for payment of fee for the upcoming financial year. Majority of members respond to
    our call and pay their outstanding dues, however some members (including
    practicing members) every year pay their fee after a lapse of considerable period of
    time despite repeated reminders and follow up by the Institute.
    The Council of the Institute has considered the matter and decided to prescribe the
    following requirement for payment of fee:
    1. All members are required to pay their annual membership fee by the last day of
    August every year. Non-payment of membership fee by members will result in
    removal of their names under section 19(1)(c) of the Chartered Accountants
    Ordinance, 1961 from the register of members with effect from the first day of
    September and accordingly they will not be entitled to practice as or to use the
    designation of Chartered Accountant with their names.
    Before removal of names as above, the registration numbers of all such members
    who have not paid their annual membership fee will be published in the ICAP
    Newsletter and placed on its website.
    The Council has advised the Secretariat to devise effective and efficient follow up
    mechanism in order to facilitate members in payment of their dues.
    (Approved by the Council in its 264 th meeting held on May 8-9, 2015)

    FEROZ RIZVI
    Secretary/COO

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