Revised Annual Membership/ COP Fee for Associate/ Fellow Members (FY 2019-20) with GST

ICAI has notified Revised Annual Membership/ COP Fee for Associate/ Fellow Members w.e.f. 1 April, 2017 (i.e. applicable for FY 2019-20 also) subject to additional GST of 18%, with deadline of 30th June each year. However, the deadline for payment of fee for FY 2019-20 has been extended by ICAI upto 28th February 2020.

ICAI has notified the revised fee for Entry/ Restoration of Name in the Members’ Register applicable w.e.f. 1 April, 2017, as under:

S.N.Particulars of fee payable by ICAI MembersFee for FY 2017-18 (Rs.)Fee for FY 2019-20 with 18% GST 
1Entrance Fee payable under regulation 5
i) as an Associate2,0002,360
ii) as a Fellow2,5002,950
2Annual Membership Fee (2018-19) payable under Regulation 6(1)
i) as an Associate Member1,5001,770
ii) as a Fellow Member3,0003,540
3Certificate of Practice fee (2018-19) payable under Regulation 6(2)
i) as an Associate Member3,0003,540
ii) as a Fellow Member4,0004,720
4Fee for restoration of name in the Register of Members payable under Regulation 6(3)
i) within 3 years of removal1,2001,416
ii) after 3 years of removal but before 5
years
3,0003,540
iii) after 5 years of removal4,0004,740
5Membership Fee for those who are not holding COP and are having age of 60 years and above as on 1 April 2018 (for 2018-19)
a) Associate Members1,1001,298
b) Fellow Members2,3002,714

ICAI Notification No.1-CA(7)/179/2017 dt. 9 Feb. 2017

It may be noted that revised fee scales for all Members in practice are the same, i.e. now there is no differentiation of fee based on age for members holding COP, like till 2016-17. However, for those who are not in practice, concessional membership fee is applicable, if he/ she has attained age of 60 years and above as on 1 April of respective Financial Year, i.e. as on 1 April, 2019 for FY 2019-20.

Advancement/ Extension of last date of Membership/ COP Fees for FY 2019-20

ICAI has recently decided to advance the last date for payment of Membership/ COP fees from 30th September to 30th June every year (from FY 2019-20 onwards). However, there will be a grace period of 3 months upto 30 September, during which no late fee will be levied for late payment.

In case the Membership/ COP Fees is not paid by 30 September every year, Membership/ COP will be removed with effect from 1 October under the relevant regulatory provisions.

Further, it may be noted that ICAI has extended the deadline upto 31 Dec. 2019 for payment of Membership/ COP Fee for FY 2019-20, vide Announcement dt. 29 Nov. 2019.

Advance Payment of Membership Fee to ICAI

(a) Members can pay advance Membership/ COP fee in exact amount for 3 years (1+2 years) along with GST as a final payment and in case of any shortfall in case of revision of fee in future their Name/ COP will not be removed from the Register of Members on account of such revision.

(b) Members, who have already paid advance fee for the earlier years, may please pay the balance fee/ difference of the fee payable. It may please be noted that payment of balance fee/ difference of fee is a must for renewal of membership/ certificate of practice, as the case may be.

(c) It may be noted that ICAI do not permit Refund of amount received, under any circumstances except in the case of removal of the name of a member from the Register of Members under the provisions of the Chartered Accountants Act, 1949 as amended by the Chartered Accountants (Amendment) Act, 2006 and the Chartered Accountants Regulations, 1988.

(d) In the case of death, the fee for the year in which removal takes place would be deducted and the balance of the advance amount remitted, if any would be refunded to nominee(s)/ legal heir(s) of the member concerned. In all other cases, the balance of advance amount, after such a deduction as aforesaid, if any would be kept to the credit of the member concerned for adjustment towards annual membership fee payable at the time of restoration.

(e) Interest on the amount remitted/ refunded would not be payable by ICAI at all.

Membership/ COP Fee (2016-17) for Associate/ Fellow Members of ICAI (upto / above 60 years )

ICAI Fee (2016-17) For Members of Age below 60 years*ICAI Fee (2016-17) For Members of Age 60 years and above*
Particulars(Rs.)Particulars(Rs.)
Associate Without Certificate of Practice800Associate Without Certificate of Practice600
Associate With Certificate of Practice2,800Associate With Certificate of Practice2,100
Fellow Without Certificate of Practice2,200Fellow Without Certificate of Practice1,600
Fellow With Certificate of Practice4,200Fellow With Certificate of Practice3,100

 * as on 1 April, 2016

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