ICAI (Institute of Chartered Accountants of India) - Membership

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Sir,

Whether ICAI Membership fee paid is valid for a Financial Year or a calendar Year or One year from the date of payment?

My membership number is allotted on 15/09/2016 on payment of Membership fee. For how long it is valid and when shall I pay Membership fee for second time?

AI Summary

ICAI Membership Fee Validity: Covers Financial Year; Payment for 2017-18 Due from 01/04/2017 with Six-Month Grace Period A member of the Institute of Chartered Accountants of India (ICAI) inquired about the validity period of the membership fee, questioning whether it covers a financial year, calendar year, or one year from the payment date. The member's fee was paid on 15/09/2016. In response, it was clarified that the membership fee applies to the financial year, and for the 2017-18 financial year, payment should be made from 01/04/2017, with a six-month grace period typically provided by the Institute. The fee paid on 15/09/2016 likely covered the previous financial year.