ICAI announces Doctoral Scholarship Scheme 2021

ICAI announces Doctoral Scholarship Scheme 2021

The Institute of Chartered Accountants of India (ICAI) has announced Doctoral Scholarship Scheme, 2021.

Aimed at building greater research capacity, the Institute of Chartered Accountants of India (ICAI) has consistently been striving for excellence and distinction in the areas of Research and Innovation in the subjects of national importance and has supported the regulatory initiatives aimed towards bringing Indian economy back on the growth trajectory.

It is said that ‘Research is formalized curiosity’. Over a period of time, Doctor of Philosophy (Ph.D.) Programme has evolved gradually from its purpose of ‘knowledge dissemination’ to ‘knowledge creation’. This shift in emphasis has, thus, created an ecosystem of advanced research and publications

The Institute of Chartered Accountants of India (ICAI) through its Research Committee had introduced ICAI Doctoral Scholarship Scheme in 2020 for the members who wish to pursue Ph.D.

The said scheme seeks to provide requisite support by way of monthly scholarship to the eligible candidates with outstanding academic credentials, intellectual curiosity and needed discipline to make scholarly contribution. The candidates under the Scheme have to demonstrate their independent research ideas through publications in top class academic journals and make scholarly presentations of their work. Their contributions should extend not only to business practices, but also to public policy and governance.

Doctoral scholarship will be awarded to registered Ph.D. Scholars from UGC recognized reputed Indian Universities/ Deemed Universities/ Colleges, IIMs having University/IIMs approved Ph.D. Programme to pursue and complete their Doctoral Research in Auditing, Taxation, Commerce, Management and Accounting. The candidates must have confirmed Ph.D. Registration

OTHER CRITERIA FOR SHORTLISTING OF APPLICATION

• Only the applicants who have applied for Ph.D. after the introduction of ICAI Doctoral Scholarship Scheme 2020 (May 7, 2020) are encouraged to apply for the scheme.
• Application shall be forwarded by supervisor of the candidate for Ph.D. or any other competent signing authority of the University/College/Institution.
• Candidates are advised to apply only if they are pursuing Ph.D. in the relevant and contemporary topic considering the current economic scenario matching with ICAI mandate, intent to add value to the society, scalable and having global relevance.

HOW TO APPLY?

Following documents must be sent to:

Research Committee
The Institute of Chartered Accountants of India
ICAI Bhawan
8th Floor, Administrative Building,
A-29, Sector 62, NOIDA-201309, UP.

1. Application Form

(https://resource.cdn.icai.org/61191research48482new.docx)

2. Research proposal & abstract (3000 and 300 words respectively)

3. Relevant Enclosures (Details given in Application Form

(https://resource.cdn.icai.org/61191research48482new.docx)

All the documents should be received before 15th June 2021 duly signed and stamped by Supervisor of the candidate for Ph.D. or any other competent signing authority of the University/ College/Institution.

PROCEDURE FOR THE AWARD OF SCHOLARSHIP

• Applications are initially scrutinized by the Research Committee Secretariat.
• Thereafter, Shortlisting Committee will short-list region wise meritorious proposals from the eligible applications.
• Such applicants may also be invited for a presentation before Shortlisting Committee.
• The recommendations of the Shortlisting Committee will then be placed before the Research Committee for its final approval.

AMOUNT OF SCHOLARSHIP

• Rs. 50,000 per month Scholarship to be awarded to 5 scholars annually for the maximum period of 36 months.
• Contingency grant will be admissible at the rate of Rs. 50,000 per annum.

JOINING AND RELEASE OF SCHOLARS

• The scholar must join the scholarship within four weeks of the date of the award letter by submitting the required documents through the affiliating/administering institution. This may be extended by the ICAI up to six months in deserving cases.
• The sanction of the scholarship will be issued initially for a period of one year, effective from the date of joining of the scholar in the scholarship. The renewal of the scholarship for the subsequent year shall be subject to the receipt of satisfactory annual progress report and at least one research paper in International Journal of repute and one in ICAI Journal.

MONITORING OF SCHOLARS

• Regular monitoring of scholarship is done based on quarterly and annual progress report submitted by the scholar and duly forwarded by the supervisor.
• The scholarship may be discontinued if research progress is found unsatisfactory or any ICAI rules are violated.
• The ICAI may ask for annual presentation/mid-term appraisal of the research work.
• During the scholarship, the scholars are required to publish yearly at least one research paper in International Journal of repute and one in ICAI Journal on the theme of the research undertaken and submit a copy of these to ICAI.

COMPLETION OF SCHOLARSHIP

• If a scholar leaves the scholarship before its full-term, he/she must inform ICAI in advance.
• The scholar shall be permitted to retain the grant released from the joining date till the date of leaving subject to submission of the following:

a) An updated progress report for the said period duly forwarded by the supervisor.
b) An undertaking for submission of Ph.D. Thesis within three year on a non-judicial stamp paper of Rs. 100/-.

• In other case, the scholar can leave the scholarship by refunding the entire amount already released by the ICAI.
• The scholars who have left the scholarship without completion and without approval from ICAI, are required to refund the entire amount of scholarship released with penalty/penal interest.
• If, as a special case, a scholar remains on leave due to maternity/ medical/extra ordinary circumstances (not to exceed six months) duly approved by the ICAI, the tenure of scholarship will be extended by that period but the total amount of scholarship will not exceed 36 months.
• On completion of the scholarship, the scholar should submit the following within one year:

a) Copy of the Ph. D thesis submitted to the University for Award of the degree along with a summary of the report (3000-4000 words) and research papers published.
b) These documents should be submitted in hard copy (one copy each of Ph. D thesis, summary and research papers) and a soft copy in a pen-drive.
c) In case a thesis is revised and re-submitted, a copy of the same should be submitted to the ICAI also.

• The doctoral scholars must stay and work full time at the affiliating university/institute. However, they may go on field work with the express approval of their supervisor. For rest of the period, they must continue to work at the concerned university/institute. In case hostel facility is not available than stay in same city/town where university located. Where any institution having tie up with ICAI for research work and offering Ph.D degree; the scholar may be hostelled at COEs of ICAI under cosupervisor ship of ICAI officer in such case scholar has to pay COE Rs 15000 per month to ICAI as subsidized COEs usage charges.

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