The Committee for Co-operatives and NPO Sectors is a non-standing Committee of the Institute of Chartered Accountants of India
formed under the regulatory provisions of the Chartered Accountants Act, 1949.
The Committee has been constituted to promote uniform accounting framework; Social audit concept and good governance, best practices and prudent financial management in the Co-operatives and NPO sectors.
Endeavor of the Committee is to provide technical and governance inputs through training, workshops, resource materials, publications to the management personnel and members of Governance of Co-operatives and NPO Sectors and to develop necessary technical guides and publications for the benefit of Co-operative banks, Co-thrifts and credit societies and other Co-operatives as a national movement.
The committee will make an effort to suggest suitable reforms in the statutes regarding the Co-operatives and the Non Profit Organizations
Committee will make recommendations on issues related to the Foreign Contributions Regulation Act, 2010, rules, regulations and guidelines framed there under.
The Committee has also intended to explore more professional opportunities for the Members in the Co-operatives and the NPO Sectors.
To help the government in monitoring financial discipline in the NPO sector by prescribing transparent guidelines and procedures including documentation and evidence of actual work done and to advise the government on limitations to be imposed on administrative and other expenditures of the NPOs specially those incurred out of government grants.
To develop necessary technical guides and publications for the benefit of Co-operative banks, Co-thrifts and credit societies and other Co-operatives as a national movement.
Visit the following link to read about the Indian Trusts Act,1882