FORMAT OF BIO-DATA IN RESPECT OF PERSONS DESIROUS
OF INCLUSION IN DPE DATABANK
1.
Name
: SUBODH KUMAR AGRAWAL
2.
Father’s Name
: Late Shri Babulal Agrawal
3.
Date of Birth
: 02.03.1962
4.
Full Mailing address (with Telephone-landline & Mobile No. and E-Mail address)
M/s Agrawal Subodh & Co.
Chartered Accountants
301, Victory House, 3rd Floor,
1, Ganesh Chandra Avenue, Kolkata – 700 013.
Ph : 22259430/31/32 Mobile : 09830022848; 09871122848
E-mail : subodhka@yahoo.com; subodhka@gmail.com
5.
Educational & Professional Qualification (Graduation onwards)
S.No.
Course
Subjects
University/Institute
1.
Commerce Kanpur University
2.
B.Com
(Hons)
C.A.
3.
LLB
4.
DISA
Commerce The Institute of
Chartered
Accountants of
India
Legal
University of
Calcutta
System
The Institute of
Audit
Chartered
Accountants of India
Year of Division/Class
Passing
1985
Second Div
1988
All India 10th
Rank
1989
Second Div.
2005
Passed
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6.
S.No.
Work Experience
Organization/
Post Held
Institute
The Institute of
President
Chartered Accountants
of India (ICAI)
Period (From To)
2013 - 2014
2.
Agrawal Subodh &
Co., Chartered
Accountants
Senior
Partner
Since 1990 to upto Reporting,
date
Accounting,
Restructuring,
M&A, Corporate
Governance,
Audit/ Income
Tax/ Corporate
Consultancy
3.
International
Federation of
Accountants (IFAC),
New York, USA
International
Federation of
Accountants (IFAC),
New York, USA
Technical
Advisor to
IFAC Board
2013-2015
1.
4.
Member of SMP 2013
(Small and
Medium
Practices)
Committee
Nature
of
Work
Head of Governing
Council of the
Profession of
Chartered
Accountants
Technical
Advisor
Capacity Building
measures for
Small and
Medium
Practioners
5.
International
Technical
Accounting Education Advisor
Standards Board
(IAESB) of IFAC
2013
Technical
Advisor
6.
IFAC Board’s Public
and Finance
Committee
2013
Providing
technical
assistance on
matter related to
the PFC of IFAC
7.
Confederation of Asian Member of the
and Pacific
Board
Accountants (CAPA)
2013
International
Regional Body of
Accountants
8.
South Asian Federation Vice-President
of Accountants (SAFA)
2013
International
Regional Body of
Accountants
Technical
Advisor
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9.
The Institute of
Central
Chartered Accountants Council
of India (ICAI)
Member
10.
Eastern India Regional Chairman
Council (EIRC) of ICAI
11.
High Level Committee Member
of SEBI for Review of
SEBI (Prevention of
Insider Trading)
Regulations, 1992
2013
Review and
updation of SEBI
Insider Trading
Regulations in view
of experienced
gained over the
years.
12.
Insurance Regulatory
and Development
Authority (IRDA)
2013
Contributing on
matter related to
Policy Formation of
Insurance Sector
13.
RBI - ‘High Level
Member
Steering Committee for
Implementation of
XBRL-based Data
Submission by Banks’
2012
Implementation of
XBRL based
reporting in Banks
14.
MOU Task Force,
DPE, Govt of India
Task Force
Member
2008 - 2009
Technical Support
in Finalization of
MOU Documents
15.
NCL Research and
Financial Services
Ltd. (SEBI approved
Merchant Banker)
Merchant
Banker
Member of
Board
2007-2009 and re- Policy making,
elected for 2010-12 regulation,
and 2013-15
governance of CA
Profession Body of
ICAI
2006 - 2007
In
the regional body
of ICAI
Merchant Banking
2004-05, 2005-06
16.
Arbitrator of BSE/NSE Arbitrator
2010-11, 2011-12,
2012-13, 2013-14
Arbitration of
Capital market
segment of brokers
17.
Director
2001-2012
In the Board of
Listed and unlisted
companies
Directorship
7. Whether SC/ST/OBC/Minorities/Women :
(if yes, indicate the relevant category)
8.
NO
Present Position : President, The Institute of Chartered Accountants of India
and Partner of M/s. Agrawal Subodh & Co.
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9.
Area of Specialization and numbers of years experience
About 25 years of Post Qualification experience in
i.
Internal and Statutory Audit of Private and Public Sector
Entities viz Banks, Insurance Companies, Company Law Matters, SEBI
matters, NBFC, Corporate Restructuring, Mergers and
Acquisitions, Corporate Governance matters etc.
ii.
Experience in the working as Chairman and Member of Various
International and National Regulatory, Government and
Education Bodies of repute. Primarily contributed and having
experience on matters related to governance, policy formation,
regulation, disciplinary, etc.
(Detailed Profile enclosed)
10. Indicate how you fill the laid down criteria (Refer Annex)
(A)
Criteria of Experience
Criteria (iii), (iv), (v) and (vi) have been duly fulfilled by me as per details
given below:
Criteria (iii) Delivered more than 500 Lectures in various seminars,
symposias and conferences organized by EIRC, ICAI various study circles
and other organizations on various topic such as Bank Audit, Corporate
Governance, Micro Finance, NGO, Derivatives, Right to Information Act,
CAAT, CARO, Accounting Standard, Auditing Standard, LLP, Project
Finance, Corporate Law etc.
Criteria (iv) In practice of accountancy from 1989 as such about 25 years of
experience in the area of internal and statutory audit, income tax, corporate
consultancy, merchant banking where have the domain knowledge and
expertise. Merchant Banking as a director of one of the SEBI approved
Category I Merchant Banker till 2007.
Criteria (v) Independent Director in one of the listed company having
turnover of more than Rs. 1000 crores and is also Chairman of the Audit
Committee.
Criteria (vi) Has been member of governing board of the ICAI first in
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the regional council (EIRC) from 2004-2007 and then in the Central
Council (the main body of ICAI) from 2007 till date. Become President of
the Governing Board in the year 2013-2014.
Election to the Regional Council and Central Council of the ICAI is
through democratic process under which the members of the region
which are approximately 20000 at present in Eastern Region participate
and elect the Council member and I have been elected by the members.
(B)
Criteria of Educational Qualification
My educational qualifications are B.Com., LLB, FCA, and DISA
(C)
Criteria of Age
My Age is 51 years i.e. between 45-65 years (minimum/maximum limit)
as per requirement.
11. Directorship held in companies (both CPSEs and Private)
(a)
(b)
Past (during last 5 years)
a.
M/s. Gujrat NRE Coke Ltd.,
b.
Pinnacle Multiforms Pvt. Ltd.
c.
Richfield Financial Services Ltd.
Present
a. M/s. Gujrat NRE Coke Ltd.,
b.
Pinnacle Multiforms Pvt. Ltd.
c.
Richfield Financial Services Ltd.
d. Accounting and Research Foundation (ARF) of ICAI.
e.
XBRL India
f.
Insurance Regulatory and Development Authority (IRDA)
( Signature )
Name SUBODH KUMAR AGRAWAL
Date : 26.09.2013.
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Annexure
Criteria for selection/appointment of non-official Directors on the Boards
of CPSEs as laid down by the Government
(A)
Criteria of Experience
(i)
Retired Government officials with a minimum of 10 years experience
at Joint Secretary level or above.
(ii)
Persons who have retired as CMD/CEOs of CPSEs and Functional
Directors of the Schedule ‘A’ CPSEs. The ex-Chief Executives and exFunctional Directors of the CPSEs will not be considered for
appointment as non-official Director on the Board of the CPSE from
which they retire. Serving Chief Executives/Directors of CPSEs will not
be eligible to be considered for appointment as non-official Directors on
the Boards of any CPSEs.
(iii) Academicians/Directors of Institutes/Heads of Department and
Professors having more than 10 years teaching or research experience
in the relevant domain e.g. management, finance, marketing,
technology, human resources, or law.
(iv) Professionals of repute having more than 15 years of relevant domain
experience in fields relevant to the company’s area of operation.
(v)
Former CEOs of private companies if the company is (a) listed on the
Stock Exchanges or (b) unlisted but profit making and having an annual
turnover of at least Rs.250 crore.
(vi) Persons of eminence with proven track record from Industry, Business
or Agriculture or Management.
(vii)
Criteria of Educational Qualification
Minimum graduate degree from a recognized university.
(viii) Criteria of Age
The age band should be between 45-65 years (minimum/maximum
limit)
This could, however, be relaxed for eminent professionals, for reasons to
be recorded, being limited to 70 years.
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DETAILED PROFILE OF CA. SUBODH KUMAR AGRAWAL [B.Com, LLB, FCA],
Chartered Accountant
ACADEMIC BACKGROUND
Having been a brilliant student, CA. Agrawal secured 10th rank in Final
Examination of Chartered Accountancy in the year 1988 and now Fellow member of
the Institute of Chartered Accountants of India. He has also a Law Graduate and
completed his LLB from University of Calcutta. He did B.Com from Kanpur
University.
PROFESSIONAL EXPERIENCE
He has specialisation in the area of Internal and Statutory Audit of Private and
Public Sector Entities viz. Banks and Insurance Companies. He has also been
providing Consultancy Services in the fields of Accounting & Auditing, particularly
matters relating to Indian and International Auditing and Accounting Standards,
Corporate Laws, Corporate Governance, Restructuring of Business, Mergers,
Amalgamations, Demergers, Securities and Exchange Board of India and Non
Banking Financial Companies Matters, etc.
POSITIONS CURENTLY HELD IN THE ICAI (A Statutory Body set by An Act of
Parliament)
CA. Subodh Kumar Agrawal has shown his professional skills and acumen in all
tasks and responsibilities assigned to him both at the Council, national and
international levels. A combination of erudition, foresight and professional
excellence, CA. Subodh Kumar Agrawal has become the President of Institute of
Chartered Accountants of India (ICAI) for the year 2013-14.
A fellow member of the ICAI with 24 years of standing, he was elected as the
President by the 22nd Council of the Institute on February 12, 2013. He was the Vice
President of the ICAI for the Council Year 2012-13.
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As President, he is the chairmen of all the standing committees of the ICAI viz.
Examination Committee, Finance Committee and Executive Committee.
He is Presiding Officer of the Board of Discipline (Under Section 21-A), Disciplinary
Committee (Under Section 21-B), Disciplinary Committee-Satyam Bench (u/s 21-B)
and chairman Disciplinary Committee (under section 21D).
He is the ex-officio Member in all the Non-Standing Committees of ICAI and Editor
of The Chartered Accountant journal which is global monthly readership of about 2.5
lakh.
An altruistic hard-worker bestowed with exceptional organisational, networking,
administrative and leadership skills, he has been serving as Central Council member
for two terms since 2007.
An illustrious and versatile accountancy professional since 1988, who is known for
his passion for professional uplift, CA. Agrawal was elected to the ICAI Council for
third term with unparalleled success and support of the membership, claiming 56%
of the votes polled that is a record in itself.
EXPERIENCE AT INTERNATIONAL FORA
An ardent proponent of ‘brand Indian CA’ and accountancy profession globally, he
has passionately represented Indian accountancy profession on the international
front.
He has recently been appointed as member of SMP (Small and Medium Practices)
Committee of International Federation of Accountants (IFAC) for the year 2013–15.
IFAC representing about 2.5 million accountants is the global organization for the
accountancy profession comprised of 173 members and associates in 129 countries
dedicated to serving the public interest by strengthening the profession and
contributing to the development of strong international economies.
He is also Technical advisor to the International Accounting Education Standards
Board (IAESB) and Public and Finance Committee of the IFAC.
Mr Agrawal is also appointed as Board member of the Confederation of Asian and
Pacific Accountants (CAPA) which is the Regional Organisation representing
national accountancy organisations in the Asia-Pacific region. CAPA has a
membership of 31 accountancy organisations in 23 jurisdictions.
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Mr. Agrawal has also been appointed as Vice President of South Asian Federation of
Accountants (SAFA) for the year 2013. Earlier, he had also served on the ‘Committee
on Professional Ethics and Independence’ of SAFA.
He has also been an ICAI nominee on various Committees of SAFA, including
Committee for Improvement in Transparency, Accountability and Governance,
Committee on Professional Accountants in Business and Committee on Quality
Control Review.
He has also put forward Indian accountancy profession’s views in various meetings
and programmes of International Federation of Accountants, SAFA, Confederation
of Asian and Pacific Accountants (CAPA) and many other international bodies.
NOMINATION AT GOVERNMENT AND OTHER BODIES
An outstanding facilitator of ICAI and accountancy profession as a leading partner
in nation building at national level, he represents the ICAI in the ‘Insurance
Advisory Committee’ constituted by the Insurance Regulatory and Development
Authority (IRDA).
Mr. Agrawal also represents IRDA in ‘High Level Steering Committee for
Implementation of XBRL-based Data Submission by Banks’
He is Chairman of XBRL India. XBRL India is a Company registered under Section
25 of Companies Act, 1956, incorporated for managing the affairs of Indian
Jurisdiction of XBRL International. XBRL International is comprised of Jurisdictions
which represent countries, region or international bodies and focus of XBRL in their
area.
He was also nominated on the ‘Working Group’ constituted by the Competition
Commission of India and on ‘Committee of Experts’ constituted by the Ministry of
Corporate Affairs to prepare a fresh Inspection Manual.
He has also served as a member in Working Group to review the existing prudential
guidelines on restructuring of advances by banks/financial institutions constituted
by RBI.
He also represents ICAI in the ‘Standing Committee on Accounting Issues’
constituted by Insurance Regulatory and Development Authority and in the
‘Committee to review SIDBI’s lending to MSME Sector.’
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He has also served a member of the ‘Task Force of Department of Public Enterprises
(DPE)’ to provide professional and technical support to the DPE in the process of
finalisation of MoU.
In 2008, he was appointed as Task force Member by Department of Public
Enterprises for MoU in Mining and Metal Sector and in the year 2009, he was
appointed as Task Force Member by Department of Public Enterprises for Petroleum
– II.
He had the occasion to contribute for the Securities and Exchange Board in India
(SEBI) earlier as member SEBI’s Primary Market Advisory Committee and now
member of High Level Committee on Review of Insider Trading Regulations.
He was associated with the Reserve Bank of India (RBI) as member of Technical
Group on Institution & Market Structure of the Committee on Financial Sector
Assessment constituted by RBI.
He has also commendably performed as member of Banking and Financial Services
Sectional Committee - MSD 7 constituted by Bureau of Indian Standards, Regional
Advisory Committee of Central Excise Commissionerate, , and member of.
He is also Director of ‘Accounting and Research Foundation’ (ARF) of the ICAI.
EARLIER POSITIONS HELD AT THE ICAI (A Statutory Body set by An Act of
Parliament)
A seasoned professional with a futuristic vision, CA. Agrawal, in his illustrious
inning in the Council, has served on important positions in both Standing and Non
Standing Committees of the ICAI.
He has been actively involved with the functioning of the Central Council of the
Institute in various capacities, viz. as Vice President and Chairmen, Vice-Chairmen
and member of its various Committees.
As the Vice President of the ICAI, he was the Vice-Chairman of all the Standing
Committees and also the Member ex-officio in all Non-Standing Committees of ICAI
and Joint Editor of The Chartered Accountant journal.
He has made noteworthy contributions as Chairman ‘Committee for Members in
Industry (2010-11), Audit Committee (2008-09), Public Finance Committee (2008 and
2009) and as a member of Executive Committee of ICAI (2007).
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He has also distinctly served as Convener of the group for Satyam Report - High
Powered Committee (2010-12).
During the period in ICAI Council, he has also remarkably contributed as Chairman
Ethical Standards Board, Vice Chairman of Indirect Taxes Committee and Member in
various Non-Standing Committees such as Accounting Standards Board, Auditing
and Assurance Standards Board, Direct Taxes, Indirect Taxes, International Taxation,
etc.
Before his election to the Central Council of the ICAI, CA. Agrawal had also made
wide contributions in Eastern India Regional Council as he became the Secretary of
the EIRC of ICAI in 2004, Vice Chairman in 2005 and Chairman in 2006. Under his
dynamic Chairmanship, the Eastern India Regional Council was honoured with ‘Best
Regional Council Award’ in the year 2006.
PROFESSIONAL INTEREST
Known for his hard work and selfless services to the accountancy profession, CA.
Agrawal is also a prolific speaker and has addressed various seminars, symposia and
conferences at national, regional councils, branches and ICAI Study Circles level
across the country on various issues of professional interest.
He has also addressed other organisations of national and international repute on
topics like Bank Audit, Corporate Governance, Micro Finance, NGO, Derivatives,
Right to Information Act, CAAT, CARO, Accounting & Auditing Standards and
LLP, etc.
His other areas of interest include sports and reading management and professional
books.
CONTACT DETAILS
M/s Agrawal Subodh & Co.
Chartered Accountants
301, Victory House, 3rd Floor,
1, Ganesh Chandra Avenue, Kolkata – 700 013.
Ph : 22259430/31/32 Mobile : 09830022848; 09871122848
E-mail : subodhka@yahoo.com; subodhka@gmail.com
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