A crusader of inclusive growth in accountancy profession, CA. Prafulla P. Chhajed has been elected as 67th President of The Institute of Chartered Accountants of India for the term 2019-20 on 12th February 2019.
At present, he is the Chairman of Board of Directors of ICAI-ARF (Accounting Research Foundation) and XBRL India. He is also one of the Directors of Indian Institute of Insolvency Professionals of ICAI, which incidentally is the first insolvency professionals’ agency (IPA) of India.
He has represented the ICAI at many occasions in the past through various important committees as constituted by Ministries/ Regulators, that include Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board, both constituted by C&AG of India, Board of Insurance Regulatory & Development Authority (IRDA), National Advisory Committee on Accounting Standards (NACAS) and SEBI’s Primary Market Advisory Committee and XBRL Technical Advisory Committee. Currently, he is the Chairman of SMP Committee of SAFA (South Asian Federation of Accountants) and the Technical Advisor to SAFA Board member.
He has contributed more than 600 articles and write-ups in the well-known Marathi daily Maharashtra Times on taxation and investments for about 16 years. In his leisure, he loves reading and checking the developments in profession.