(i) First Indian to become Member of ICAE W: Shri A. E. Cama was the first Indian to become a member of the Institute of Chartered Accountants of England and Wales in 1908.
(ii) Accountancy got statutory recognition in India in 1913: When the Indian Companies Act, 1882, was replaced by the Indian Companies Act, 1913, it was for the first time that statutory provision was made for audit of accounts of companies.
(iii) First Accountancy Board: The first Accountancy Board was appointed under the Auditors’ Certificate Rules, 1932, in 1932. Its members were appointed by the Governor General in Council. Later on, in 1939, elective element was brought into the constitution of the Board.
(iv) GDA and Unrestricted Certificate: Scheme for Government Diploma in Accountancy along with apprenticeship under an approved Accountant for 3 years was introduced in 1918. This Diploma was abolished in 1943. Unrestricted Auditors Certificates were granted under the Companies Act, 1913.
(v) C.A. Act, 1949: Chartered Accountants Bill, 1948, was introduced in Constituent Assembly and C.A. Act, 1949 was passed on 1-5-1949.
The C.A. Act was brought into force on 1-7-1949. Late Shri G. P. Kapadia was elected as the First President and held this position for first three years. (vi) Women Power:
(a) First lady to qualify as GDA in 1930 was Ms. Shirin K. Engineer. After completion of Articles she was enrolled as R.A. in 1933 and thereafter as CA in 1949.
(b) First lady who topped CA Final Examination in 1984 was Ms. Nandita Shah (Now Nandita Parekh).
(c) First lady elected to the Central Council of ICAI in 1995 was Ms. Priya Bhansali (D/o late President Ashok Kumbhat).
(d) Incidentally, no lady has occupied the position as President of ICAI.
