Kamlesh Vikamsey

HE WAS INDUCTED AS PARTNER IN 1982. HE HAS SPECIALIZED IN TAXATION AND MANAGEMENT ADVISORY SERVICES.

Presently Member of –

  • Independent Management Advisory Committee (IMAC) of International Telecommunication Union (ITU), Geneva, Switzerland with effect from 1st January, 2016 for a term of four years

    ITU is the United Nations specialized agency for information and communication technologies – ICTs

    It allocates global radio spectrum and satellite orbits, develop the technical standards that ensure networks and technologies seamlessly interconnect, and strive to improve access to ICTs to underserved communities worldwide. ITU is committed to connecting all the world's people – wherever they live and whatever their means. Through our work, we protect and support everyone's fundamental right to communicate

    The purpose of the Independent Management Advisory Committee (IMAC), as a subsidiary body of the ITU Council, is to serve in an expert advisory capacity and assists the Council and the Secretary-General in fulfilling their governance responsibilities, including ensuring the effectiveness of ITU's internal control systems, risk management and governance processes. IMAC must add value and must assist in strengthening accountability and governance functions of the Council and the Secretary-General

  • External Audit Committee (EAC) of International Monetary Fund (IMF), Washington D.C., United States of America with effect from 1st November, 2015 for a term of 3 years

    The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world

    Created in 1945, the IMF is governed by and accountable to the 188 countries that make up its near-global membership

    The External Audit Committee (EAC) has three members, all of whom are independent of the IMF and its Executive Board. The EAC reports to the Board of Governors and is responsible for the oversight of the IMF's external audit, internal audit, financial accounting and reporting, risk management and internal control functions. EAC members each have the accounting and financial expertise required to fulfill the EAC's oversight responsibilities

  • India Advisory Board at Intuit
  • Advisory Board OPC Asset Solutions Private Limited
  • National Advisory Board Manav Sadhan Vikas Sanstha

In the Past:

  • Chairperson - Audit Advisory Committee of United Nations Development Programme (UNDP), New York 1st July 2014 to 30th June, 2015 & Member since 1st July, 2010
  • President - The Confederation of Asian and Pacific Accountants (CAPA) 2007-09
  • President - The Institute of Chartered Accountants of India (ICAI) - 2005-06
  • Vice President - Institute of Chartered Accountants of India (ICAI) - 2004-05
  • Deputy President - The Confederation of Asian and Pacific Accountants (CAPA) - 2005-2007
  • Board Member - International Federation of Accountants (IFAC) - 2005-2008
  • Elected Member - Central Council of The Institute of Chartered Accountants of India (ICAI) - 1998-2007
  • Steering Committee Member of United Nations - Appointed by Secretary General of United Nations Mr.Kofi Annan, as a member of Steering Committee for Comprehensive Review of Governance and Oversight within the United Nations, and its funds, programme and specialized agencies (Report) -2006
  • Chairman - Strategic Committee of The Confederation of Asian and Pacific Accountants (CAPA) 2005-2007
  • Chairman - Centre of Excellence on Education, Training and CPD of South Asian Federation of Accountants (SAFA - An Apex Body of SAARC) - 2004-2005

In the Past Member of:

  • Appellate Authority  constituted under section 22A of the Chartered Accountants Act, 1949
  • Standing Committee on Accounting Issues of Insurance Regulatory and Development Authority of India (IRDA)
  • Group on eXtensible Business Reporting Language (XBRL) in India
  • Planning & Finance Committee of International Federation of Accountants (IFAC) 2006-2008
  • Part Time Member - Insurance Regulatory and Development Authority (IRDA) , the Insurance Industry Regulator in India of Government of India 2005-2006
  • Expert Committee on Gems & Jewellery constituted by the Finance Ministry pursuant to Budget Speech 2006-07 to make comprehensive suggestions to promote the Industry in India 2007
  • Central Direct Taxes Advisory Committee constituted by Ministry of Finance, Government of India 2005-2006
  • National Advisory Committee on Accounting Standard constituted by Ministry of Corporate Affairs, Government of India 2005-2006
  • Governing Council of National Foundation for Corporate Governance (NFCG), Chaired by Minister of Corporate Affairs, Government of India 2005-2006
  • Accounting Standards Committee of Securities and Exchange Board of India (SEBI) , the Securities Market Regulator in India 2005-2006
  • Sub-Committee (Audit) of the Board for Financial Supervision of Reserve Bank of India (RBI), the Central Bank in India 2005-2006
  • Audit Advisory Board constituted by the Comptroller & Auditor General of India (C&AG) , the Supreme Audit Authority in India 2005-2006
  • Government Accounting Standards Advisory Board for Union and the States constituted by C&AG 2005-2006
  • Small and Medium Practices (SMP) Permanent Task Force of International Federation of Accountants, New York, USA (IFAC) 2004-2005
  • Expert Group constituted by Reserve Bank of India (RBI) for comprehensive review of Concurrent Audit of Banks, Working Group of RBI to formulate Guidelines relating to Asset Reconstruction, Securitization and foreclosure & Non - SLR Investments of Public Sector Banks. Expert Group - a Committee formed by RBI
  • Committee of Central Board of Direct Taxes (CBDT) re. : definition of "speculative transaction" in the Income-tax Act & Committee of the CBDT for formulation of Accounting Standard under Section 145(2) of the Income-tax Act, 1961
  • Secondary Market Advisory Committee of Securities & Exchange Board of India (SEBI) & Committee set up by SEBI to formulate "Buy-back of shares and the SEBI Takeover Code"
  • Committee set up by SEBI to review Code of Corporate Governance 2003:
  • Accounting Standards Committee of Central Board of Direct Taxes (CBDT) 2010-2012
  • Advisory Board Educomp Raffles Higher Education Limited

In the Past - Chairman of following Committees of ICAI: 1998-2007:

  • Executive Committee, Examination Committee, Disciplinary Committee, Auditing & Assurance Standards Board, Corporate and Allied Laws Committee, Professional Development Committee, Committee on Financial Markets & Investors' Protection, International Affairs Committee, ICAI-ICWAI-ICSI Coordination Committee, Audit Committee, Committee for Review of Education & Training

In the Past - Member of following Committees of ICAI: 1998-2007:

  • Accounting Standards Board, Continuing Professional Education Committee, Committee for Members in Industry, Fiscal Laws Committee, Committee on Ethical Standards & unjustified Removal of Auditors, Expert Advisory Committee, Board of Studies, Committee on Commerce Education & Career Counseling, Research Committee, Committee on Information Technology, Editorial Board, Committee on Trade Laws & WTO, Committee on Insurance, Peer Review Board, Financial Reporting Review Board & Committee on Internal Audit, Information Technology Committee

Contribution & Participation-

Director of:

Trustee of:

  • Global Vipassana Foundation, an internationally renowned Trust , which has constructed Global Pagoda in Mumbai. The Global Pagoda is the World's largest stone dome built without any supporting pillars. It is built combining ancient Indian and Modern Technology to enable it to last for at least 2000 years. (Trustee & Treasurer)
  • Dhamma Pattan Vipassana Trust
  • Khimji Kunverji Trust
  • Virji Laddhabhai Vidyarthi Griha
  • Virji Laddhabhai Trust
  • Pune CA Students Hostel
  • Dnyana Sadhana Trust
  • A World of Opportunity Foundation

Erstwhile Directorships:

  • Birla Global Finance Limited (Now merged with Aditya Birla Nuvo Limited) & Chairman Audit Committee
  • SBI DFHI Limited
  • Chairman, Vice Chairman & Board Member of ICAI Accounting Research Foundation
  • Centurion Bank of Punjab Ltd (pursuant to amalgamation of Centurion Bank of Punjab Ltd with HDFC Bank Ltd) & Chairman Audit Committee
  • Lotus India Trustee Company Private Limited & Chairman Audit Committee
  • HLB Technologies (Mumbai) Private Limited
  • General Insurance Corporation of India & Chairman Audit Committee, the Reinsurance Company in India owned by the Government of India, ranked 16th position in S & P Top 40 Global Reinsurance Groups (ranked by Net Reinsurance Premiums for 2007)
  • Axis Mutual Fund Trustee Limited
  • Ramky Infrastructure Limited
  • Neptune Developers Limited
  • Neptune Ventures & Developers Private Limited
  • Fabmall (India) Private Limited
  • H.A.S. Two Holdings Private Limited
  • Trinethra Superretail Private Limited
  • Terrrafirma Agro processing (India) Private Limited
  • Deposit Insurance & Credit Guarantee Corporation
  • HLB Offices & Services Private Limited
  • VarAsh Properties Private Limited
  • CheKam Properties Private Limited

Note:

  1. International Federation of Accountants (http://www.ifac.org)

    International Federation of Accountants (IFAC) is the worldwide organization for the accountancy profession. Founded in 1977, the organization is comprised of 157 members and associates in 122 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academy.

    As the global organization for the accountancy profession, IFAC is committed to protecting the public interest by developing high quality international standards, promoting strong ethical values, encouraging quality practice, and supporting the development of all sectors of the profession around the world.

  2. The Confederation of Asian and Pacific Accountants (http://www.capa.com.my)

    The Confederation of Asian and Pacific Accountants (CAPA) represents national accountancy organisation in the Asia-Pacific region. Today, CAPA has a membership of 34 accountancy organisations in 24 jurisdictions. CAPA is by far the largest regional accountancy organisation and its geographical area spans half the globe!

  3. South Asian Federation of Accountants (http://www.esafa.org)

    South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. SAFA is an Apex Body of the South Asian Association for Regional Co-operation (SAARC) and a Regional Grouping of International Federation of Accountants (IFAC). SAFA represents over 170000 accountants having membership of the national chartered accountancy and cost and management accountancy institutions in the South Asian countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka. SAFA came into existence at the initiative of the accounting professional bodies in the South Asian Region, which has a bond of culture and homogeneity of professional environment.

  4. The Institute of Chartered Accountants of India (http://www.icai.org)

    The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.