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Profile of CA. Uttam Prakash Agarwal
CA. Uttam Prakash Agarwal son of Shri. Jagdish Prasad Agarwal ji, was born on 04th
July 1963 in
Pali District of Rajasthan, completed his graduation from Abu Road, Rajasthan University.
He is a monarch of Finance Industry, name which needs no introduction. Through his sheer
perseverance and fortitude, he has endeavored to outshine in one of the most regal
professions in the globe called Chartered Accountancy and achieve an apex position. CA. Uttam
Prakash Agarwal’s hardwork paid off when he was elected as the “Honorable President of The
Institute of Chartered Accountants of India (ICAI), in the year (2009-2010), by the 20th Council
on February 5, 2009. Though born and bought up in Rajasthan, his vision and zeal to outgrow
him brought him to Mumbai in 1984, wherein he completed his Chartered Accountancy in
1987. A Fellow Member of ICAI, with more than two decades of standing, CA. Uttam Prakash
Agarwal was elected to the Central Council of ICAI for the first time in 2004 and thereafter in
2007. He holds the honorary membership of The Institute of Chartered Accountants of
Australia and CPA Australia. His never – ending toil to reach towards professional excellence
has been recognized nation-wide by the Honorable “President of India, Her Excellency Smt.
Pratibha Devisngh Patil” with “Recognition of Excellence Award”.
He was also awarded with “UDAN 2011” by the Times of India Group Newspaper Navbharta
Times in the hands of Shri Uddhav Thackeray, Executive President, Shiv Sena, for being one of
the youngest President of ICAI & taking Chartered Accountancy profession worldwide. As a
mascot for the youth he has been awarded with the totemic youth icon of the year. During his
tenure as the President CA. Uttam Prakash Agarwal played a key-role in resolving & bringing
the culprits to task namely the Auditors who were involved in the India’s Biggest Corporate
Scandal” The Satyam Scam”. As a Director at Reliance Capital Trustee Company Limited, CA.
Uttam Prakash Agarwal’s never-say-die spirit has enabled him to achieve his long-nurtured
dream of repaying back to the CA Fraternity by introducing a unique concept called UPACA
Academy. UPACA Academy is his effort to provide a comprehensive solution for all the
problems faced by CA students. The philosophy that makes it a unique concept is that it
provides CA classroom training, hostel facilities, articleship, finishing school and regular
graduation (affiliated from Mohan Lal Sukhadia University) all under one roof. It incorporates
various programs of soft skills and vocational courses which is essential in shaping the overall
growth of students with the best surroundings and state-of-the-art facilities. All his efforts over
a period of time has given him the much deserving recognition by NBC News Makers of being
the “Best Chartered Accountant”. Uttam Prakash Agarwal was facilitated Excellent Chartered
Accountant of the year by R.K HIV Aids Research & Care Centre.
He had held following positions / achievements to his credentials:
Member of the Disciplinary Committee constituted by the Council of the Institute of Actuaries
of India nominated by the Ministry of Finance
Technical Advisor on the Board of International Federation of Accountants (IFAC), Developing
Nations Committee (DNC) of IFAC and Small and Medium Practices Committee (SMP) of IFAC.
Member of SMP Committee for the period from January 1, 2010 to December 31, 2012.
Member of the State Audit Advisory Board in respect of Maharashtra and Goa for Indian Audit
and Accounts Department Office of the Principal Accountant General (Audit), Maharashtra.
Position held till 2009-2010
Member on the Board of the Confederation of Asian and Pacific Accountants (CAPA) and CAPA
Sub Committee on Environmental Accounting.
Member of South Asian Federation of Accountants (SAFA) and Chairman of SAFA.SMP
Committee
Member of the Central Direct Taxes Advisory Committee (CDTAC) constituted by the Central
Board of Direct Taxes, Department of Revenue, Ministry of Finance, Govt. of India and
Regional Direct Taxes Advisory Committee (RDTAC), New Delhi.
Member of the National Advisory Committee on Accounting Standards constituted by the
Ministry of Corporate Affairs, Government of India.
Member of the Audit Advisory Board and the Government Accounting Standards Advisory
Board – both constituted by the Comptroller and Auditor General of India.
Member on the Committee on Internal Audit constituted by the Office of Controller General of
Accounts, Government of India.
Member on the Board of Insurance Regulatory and Development Authority (IRDA), member on
the Board of Tariff Advisory Committee of IRDA and also a member of Standing Committee on
Accounting Issues (SCAI) constituted by IRDA.
Member of the High Level Steering Committee for implementation of XBRL based data
submission by Banks constituted by the Reserve Bank of India.
Member of IFRS Core Group under the Chairmanship of Secretary , Ministry of Corporate
Affairs (MCA)
Member of Sub-Committee (Audit) of the Board for Financial Supervision of Reserve Bank of
India (RBI).
Member of SEBI Committee on Disclosures and Accounting Standards (SCODA).Member of the
Working Group for matters related to trade in accounting, book-keeping and auditing services
and other related issues constituted by the Ministry of Corporate Affairs.
Member of the Secretarial Standards Board of the Institute of Company Secretaries of India
(ICSI).
Chairman of the Disciplinary (old) Committee, Representation Committee, ICAI-ICWAI-ICSI
Coordination Committee, Infrastructure Committee, Diamond Jubilee Committee,
International Affairs Committee and High Powered Committee of ICAI
Editor-in- chief of the journal “The Chartered Accountant "
Under the Chairmanship of Uttam Prakash Agarwal, The Institute of Chartered Accountants of
India has constituted a High Power Committee to investigate the financial Scam of Satyam
Group amounting to near about 7000 Crores. Under his Chairman, Committee had submitted
the report to Ministry of Corporate Affairs well within the prescribed time limit.
Member of the executive committee of premier Chamber of Commerce the Indian Merchants
Chamber (IMC)
Member of India- UK (Indo-UK) Task force on Corporate Affairs and the Task Force of
Department of Public Enterprises (DPE), Government of India, to provide professional and
technical support to the DPE in the process of finalization of MoU documents.
Animal Welfare Officer of Animal Welfare Board of India, Ministry of Forest and Environment,
New Delhi
Instrumental in having the memorandum of understanding with the Institute of Chartered
Accountants in Australia (ICAA)
Instrumental in having the joint declaration with the Certified General Accountants Association
of Canada (CGA Canada) and Bahrain Institute of Banking & Finance (BIBA)
Instrumental in lending a helping hand to African Nations ( Djibouti) in form of imparting
education and training in accountancy to its students, through ICAI.
Instrumental in activating 22 overseas chapters of ICAI
Instrumental in setting up the foreign chapter of the Institute in New York
Launching of ICAI major events through Web Cast Channel
Signing of MoU with the department of Excise & Customs for e filing of service tax returns
through Certified Filing Centers – CFCs
Introducing a touch screen based electronic voting system P-EVM (Preferential Electronic
Voting Machine), for conducting ICAI elections
Instrumental in launching of the Web based Learning Module for providing E- learning
facilities for the members
Participated in the Information Systems Audit & Control Association International Conference
held from July 20th
to 22nd
, 2009 at Los Angeles.
Participated in the International Innovation Network (IIN) Conference held in Hong Kong on
17th
February 2009
A Resource person at the SAFA Event on ‘Beyond the Regulatory Compliance’ and conference
on ‘Value Creation by Professional Accountants’ held on the 4th
& 5th
of April 2008 at Lahore,
Pakistan.
Resource Person for International Conference on Code of Ethics during IFAC -BRIC Forum at
New York on 18th & 19th May, 2008.
Resource person for SAFA International Conference on Role of Infrastructure Development-
Energy, Power, Road, Rails & Ports held in July 2006 at Bangladesh.
Resource person for Nepal Conference on “The New Horizon for the Profession a Way
Forward” at Nepal
A part of International Study Tours organized under the aegis of Western India Regional
Council and ICAI
Organized an International Conference on “Winds of Challenges-Global Strategies for
Accounting Profession” at Agra, from July 03-05, 2009. The Conference was inaugurated by Sir
David Tweedie.
Chairman, IASB. At the occasion, Ernest Almont, President, AICPA and Professor Schilder,
Chairman, IAASB were also present. The International Conference was attended by over 2100
delegates and about 150 delegates from over 20 countries.
Instrumental in organizing The International Conference on "Accounting Profession- Shining
bridge between Global Economies” from Nov 20-22nd at Jaipur which was inaugurated by
Hon’ble Union Minister of Corporate Affairs, Shri Prem Chand Gupta.
Organized a 4 days Corporate Event Forum, during the 17th to 20th of January 2008 at Grand
Hyatt, Mumbai, comprising of four Concurrent events viz. Career Ascent, Capital Advantage,
Fin Summit and the CA.Corporate Leader- Exact Awards. The forum generated an income of
Rs. 1.35 Crores. CNBC Awaaz was the media partner to the event.
Social & Societal Developments
Journey to Bhartiya Janta Party
• 1988- Handled Treasury Ward 148 of Borivali East.
• 1995- Participating in all the elections including providing basic necessities to all the
voluntaries of BJP during elections and also preparing Voters list for own state.
• 1996- Convener of Borivali Vidhan Sabha North Mumbai BJP Profession Cell.
• 2000- Vice President of Kandivali Assembly.
• 2000- Joint Convener of Professional Cell of BJP under the convener ship of Mr. Shailesh
Gedia.
• 2013- Convenor Maharashtra Economic Cell BJP.
• 2014- Member Central Finance Committee BJP.
Besides this associated with many other social work:-
• Founder President of Rajasthan Seva Sangh, Thakur Complex, Asha Nagar, Kandivali (E),
Mumbai-400 101 since 1999.
• National Covenor of Officer and Professional of Akhil Bhartiya Vaishya Federation.
• President of Andheri Junior Chamber (1997)
• General Secretary of Akhil Bhartiya Agarwal Samaj (Young Wing)
• General Secretary of Maharashtra Rajya Agarwal Sammelan (Young Wing)
• Vice-President and Joint Treasurer of Rashtriya Hindipatra Lekhak Sangh, Mumbai (1994-
2003)
• Trustee, President, Secretary and Join Secretary of Arawali Agarwal Samaj Sangh
• Mumbai (1991-2006)
• Convener of Jan Jagruti Kendra, Mumbai
• Zonal Secretary of International Lions Club (Zone 3 Region 1 District 323 – A3) (2002)
• Advisory Board Member of mumbaijankari.com
• National Secretary of Rashtriya Yuva Vaishya Parishad
• Legal & Constitution Committee Member of Goregaon Sports Club
• Trustee of Brijdham Shri Radha Krishna Charitable Trust
• Managing Committee Member of Akhil Bhartiya Vaishya Samaj – Mumbai Unit (2004)
International Travels & Global Developments
by CA. Uttam Prakash Agarwal
Sr. No. Country Developments
1 USA Edinburgh Group & International Federation of Accountants Board &
Council Meeting
International USA Study Tour
2 UK Joint Indo UK Task Force
International Study Tour to Europe
3 Australia MOU with Certified Practicing Accountants Australia
MOU with The Institute of Chartered Accountants of Australia
International Study Tour to Australia
4 Djibouti, Africa MOU with University of Djibouti
5 Canada Joint Declaration with Certified General Accountants Association of
Canada
6 Bahrain Joint Declaration with Bahrain Institute of Banking and Finance
7 Singapore Recognition of ICAI Qualification for granting membership of Institute
of Professional Accountants of SAMARA Region
8 Hong Kong IIN Meeting
International Federation of Accountants Board Meeting
9 New York IIN Meeting
International Federation of Accountants Board Meeting
10 Johannesburg IAASB NSS Meeting
11 Spain Business Delegation
12 Poland Business Delegation
13 Bangladesh SAFA Board
14 Dubai Annual Conference of Dubai Chapter
15 Dublin International Federation of Accountants Board
16 Croatia,
Zagreb
DNC Meeting of International Federation of Accountants Board
17 Tallinn, Estonia Eden burgh Group & International Federation of Accountants Board
18 Switzerland UNCTAD Meeting
19 Doha Annual General Meeting of Doha Chapter
20 China SMP Committee & CAPA Board Meeting
International Study Tour to China
21 Malaysia AOSSG Meeting
22 Abu Dhabi AOSSG Meeting

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CA Uttam Prakash Agarwal's Profile

  • 1. Profile of CA. Uttam Prakash Agarwal CA. Uttam Prakash Agarwal son of Shri. Jagdish Prasad Agarwal ji, was born on 04th July 1963 in Pali District of Rajasthan, completed his graduation from Abu Road, Rajasthan University. He is a monarch of Finance Industry, name which needs no introduction. Through his sheer perseverance and fortitude, he has endeavored to outshine in one of the most regal professions in the globe called Chartered Accountancy and achieve an apex position. CA. Uttam Prakash Agarwal’s hardwork paid off when he was elected as the “Honorable President of The Institute of Chartered Accountants of India (ICAI), in the year (2009-2010), by the 20th Council on February 5, 2009. Though born and bought up in Rajasthan, his vision and zeal to outgrow him brought him to Mumbai in 1984, wherein he completed his Chartered Accountancy in 1987. A Fellow Member of ICAI, with more than two decades of standing, CA. Uttam Prakash Agarwal was elected to the Central Council of ICAI for the first time in 2004 and thereafter in 2007. He holds the honorary membership of The Institute of Chartered Accountants of Australia and CPA Australia. His never – ending toil to reach towards professional excellence has been recognized nation-wide by the Honorable “President of India, Her Excellency Smt. Pratibha Devisngh Patil” with “Recognition of Excellence Award”. He was also awarded with “UDAN 2011” by the Times of India Group Newspaper Navbharta Times in the hands of Shri Uddhav Thackeray, Executive President, Shiv Sena, for being one of the youngest President of ICAI & taking Chartered Accountancy profession worldwide. As a mascot for the youth he has been awarded with the totemic youth icon of the year. During his tenure as the President CA. Uttam Prakash Agarwal played a key-role in resolving & bringing the culprits to task namely the Auditors who were involved in the India’s Biggest Corporate Scandal” The Satyam Scam”. As a Director at Reliance Capital Trustee Company Limited, CA. Uttam Prakash Agarwal’s never-say-die spirit has enabled him to achieve his long-nurtured dream of repaying back to the CA Fraternity by introducing a unique concept called UPACA Academy. UPACA Academy is his effort to provide a comprehensive solution for all the problems faced by CA students. The philosophy that makes it a unique concept is that it provides CA classroom training, hostel facilities, articleship, finishing school and regular graduation (affiliated from Mohan Lal Sukhadia University) all under one roof. It incorporates various programs of soft skills and vocational courses which is essential in shaping the overall growth of students with the best surroundings and state-of-the-art facilities. All his efforts over a period of time has given him the much deserving recognition by NBC News Makers of being the “Best Chartered Accountant”. Uttam Prakash Agarwal was facilitated Excellent Chartered Accountant of the year by R.K HIV Aids Research & Care Centre. He had held following positions / achievements to his credentials: Member of the Disciplinary Committee constituted by the Council of the Institute of Actuaries of India nominated by the Ministry of Finance Technical Advisor on the Board of International Federation of Accountants (IFAC), Developing Nations Committee (DNC) of IFAC and Small and Medium Practices Committee (SMP) of IFAC. Member of SMP Committee for the period from January 1, 2010 to December 31, 2012. Member of the State Audit Advisory Board in respect of Maharashtra and Goa for Indian Audit and Accounts Department Office of the Principal Accountant General (Audit), Maharashtra. Position held till 2009-2010 Member on the Board of the Confederation of Asian and Pacific Accountants (CAPA) and CAPA Sub Committee on Environmental Accounting. Member of South Asian Federation of Accountants (SAFA) and Chairman of SAFA.SMP Committee Member of the Central Direct Taxes Advisory Committee (CDTAC) constituted by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Govt. of India and Regional Direct Taxes Advisory Committee (RDTAC), New Delhi.
  • 2. Member of the National Advisory Committee on Accounting Standards constituted by the Ministry of Corporate Affairs, Government of India. Member of the Audit Advisory Board and the Government Accounting Standards Advisory Board – both constituted by the Comptroller and Auditor General of India. Member on the Committee on Internal Audit constituted by the Office of Controller General of Accounts, Government of India. Member on the Board of Insurance Regulatory and Development Authority (IRDA), member on the Board of Tariff Advisory Committee of IRDA and also a member of Standing Committee on Accounting Issues (SCAI) constituted by IRDA. Member of the High Level Steering Committee for implementation of XBRL based data submission by Banks constituted by the Reserve Bank of India. Member of IFRS Core Group under the Chairmanship of Secretary , Ministry of Corporate Affairs (MCA) Member of Sub-Committee (Audit) of the Board for Financial Supervision of Reserve Bank of India (RBI). Member of SEBI Committee on Disclosures and Accounting Standards (SCODA).Member of the Working Group for matters related to trade in accounting, book-keeping and auditing services and other related issues constituted by the Ministry of Corporate Affairs. Member of the Secretarial Standards Board of the Institute of Company Secretaries of India (ICSI). Chairman of the Disciplinary (old) Committee, Representation Committee, ICAI-ICWAI-ICSI Coordination Committee, Infrastructure Committee, Diamond Jubilee Committee, International Affairs Committee and High Powered Committee of ICAI Editor-in- chief of the journal “The Chartered Accountant " Under the Chairmanship of Uttam Prakash Agarwal, The Institute of Chartered Accountants of India has constituted a High Power Committee to investigate the financial Scam of Satyam Group amounting to near about 7000 Crores. Under his Chairman, Committee had submitted the report to Ministry of Corporate Affairs well within the prescribed time limit. Member of the executive committee of premier Chamber of Commerce the Indian Merchants Chamber (IMC) Member of India- UK (Indo-UK) Task force on Corporate Affairs and the Task Force of Department of Public Enterprises (DPE), Government of India, to provide professional and technical support to the DPE in the process of finalization of MoU documents. Animal Welfare Officer of Animal Welfare Board of India, Ministry of Forest and Environment, New Delhi Instrumental in having the memorandum of understanding with the Institute of Chartered Accountants in Australia (ICAA) Instrumental in having the joint declaration with the Certified General Accountants Association of Canada (CGA Canada) and Bahrain Institute of Banking & Finance (BIBA) Instrumental in lending a helping hand to African Nations ( Djibouti) in form of imparting education and training in accountancy to its students, through ICAI. Instrumental in activating 22 overseas chapters of ICAI Instrumental in setting up the foreign chapter of the Institute in New York Launching of ICAI major events through Web Cast Channel Signing of MoU with the department of Excise & Customs for e filing of service tax returns through Certified Filing Centers – CFCs Introducing a touch screen based electronic voting system P-EVM (Preferential Electronic Voting Machine), for conducting ICAI elections Instrumental in launching of the Web based Learning Module for providing E- learning facilities for the members Participated in the Information Systems Audit & Control Association International Conference held from July 20th to 22nd , 2009 at Los Angeles. Participated in the International Innovation Network (IIN) Conference held in Hong Kong on 17th February 2009 A Resource person at the SAFA Event on ‘Beyond the Regulatory Compliance’ and conference on ‘Value Creation by Professional Accountants’ held on the 4th & 5th of April 2008 at Lahore, Pakistan.
  • 3. Resource Person for International Conference on Code of Ethics during IFAC -BRIC Forum at New York on 18th & 19th May, 2008. Resource person for SAFA International Conference on Role of Infrastructure Development- Energy, Power, Road, Rails & Ports held in July 2006 at Bangladesh. Resource person for Nepal Conference on “The New Horizon for the Profession a Way Forward” at Nepal A part of International Study Tours organized under the aegis of Western India Regional Council and ICAI Organized an International Conference on “Winds of Challenges-Global Strategies for Accounting Profession” at Agra, from July 03-05, 2009. The Conference was inaugurated by Sir David Tweedie. Chairman, IASB. At the occasion, Ernest Almont, President, AICPA and Professor Schilder, Chairman, IAASB were also present. The International Conference was attended by over 2100 delegates and about 150 delegates from over 20 countries. Instrumental in organizing The International Conference on "Accounting Profession- Shining bridge between Global Economies” from Nov 20-22nd at Jaipur which was inaugurated by Hon’ble Union Minister of Corporate Affairs, Shri Prem Chand Gupta. Organized a 4 days Corporate Event Forum, during the 17th to 20th of January 2008 at Grand Hyatt, Mumbai, comprising of four Concurrent events viz. Career Ascent, Capital Advantage, Fin Summit and the CA.Corporate Leader- Exact Awards. The forum generated an income of Rs. 1.35 Crores. CNBC Awaaz was the media partner to the event. Social & Societal Developments Journey to Bhartiya Janta Party • 1988- Handled Treasury Ward 148 of Borivali East. • 1995- Participating in all the elections including providing basic necessities to all the voluntaries of BJP during elections and also preparing Voters list for own state. • 1996- Convener of Borivali Vidhan Sabha North Mumbai BJP Profession Cell. • 2000- Vice President of Kandivali Assembly. • 2000- Joint Convener of Professional Cell of BJP under the convener ship of Mr. Shailesh Gedia. • 2013- Convenor Maharashtra Economic Cell BJP. • 2014- Member Central Finance Committee BJP. Besides this associated with many other social work:- • Founder President of Rajasthan Seva Sangh, Thakur Complex, Asha Nagar, Kandivali (E), Mumbai-400 101 since 1999. • National Covenor of Officer and Professional of Akhil Bhartiya Vaishya Federation. • President of Andheri Junior Chamber (1997) • General Secretary of Akhil Bhartiya Agarwal Samaj (Young Wing) • General Secretary of Maharashtra Rajya Agarwal Sammelan (Young Wing) • Vice-President and Joint Treasurer of Rashtriya Hindipatra Lekhak Sangh, Mumbai (1994- 2003) • Trustee, President, Secretary and Join Secretary of Arawali Agarwal Samaj Sangh • Mumbai (1991-2006) • Convener of Jan Jagruti Kendra, Mumbai • Zonal Secretary of International Lions Club (Zone 3 Region 1 District 323 – A3) (2002) • Advisory Board Member of mumbaijankari.com • National Secretary of Rashtriya Yuva Vaishya Parishad • Legal & Constitution Committee Member of Goregaon Sports Club • Trustee of Brijdham Shri Radha Krishna Charitable Trust • Managing Committee Member of Akhil Bhartiya Vaishya Samaj – Mumbai Unit (2004)
  • 4. International Travels & Global Developments by CA. Uttam Prakash Agarwal Sr. No. Country Developments 1 USA Edinburgh Group & International Federation of Accountants Board & Council Meeting International USA Study Tour 2 UK Joint Indo UK Task Force International Study Tour to Europe 3 Australia MOU with Certified Practicing Accountants Australia MOU with The Institute of Chartered Accountants of Australia International Study Tour to Australia 4 Djibouti, Africa MOU with University of Djibouti 5 Canada Joint Declaration with Certified General Accountants Association of Canada 6 Bahrain Joint Declaration with Bahrain Institute of Banking and Finance 7 Singapore Recognition of ICAI Qualification for granting membership of Institute of Professional Accountants of SAMARA Region 8 Hong Kong IIN Meeting International Federation of Accountants Board Meeting 9 New York IIN Meeting International Federation of Accountants Board Meeting 10 Johannesburg IAASB NSS Meeting 11 Spain Business Delegation 12 Poland Business Delegation 13 Bangladesh SAFA Board 14 Dubai Annual Conference of Dubai Chapter 15 Dublin International Federation of Accountants Board 16 Croatia, Zagreb DNC Meeting of International Federation of Accountants Board 17 Tallinn, Estonia Eden burgh Group & International Federation of Accountants Board 18 Switzerland UNCTAD Meeting 19 Doha Annual General Meeting of Doha Chapter 20 China SMP Committee & CAPA Board Meeting International Study Tour to China 21 Malaysia AOSSG Meeting 22 Abu Dhabi AOSSG Meeting