www.icai.org S.Vaidyanath Aiyar Memorial Fund 2014 Scholarships


S.Vaidyanath Aiyar Memorial Fund :
The main objectives with which the fund is established to commemorate the name of the late S. Vaidyanath Aiyar, a former President of the Institute by raising contribution on a voluntary basis from the members of the Institute for the following purposes which are furnished below:

(a) To providing an annual award to one or more members of the Institute who has made an outstanding contribution in the field of Accountancy or in an allied field;

(b) To providing financial assistance to poor and deserving articled/and/or audit clerks for payment of coaching Board and Examination fees;

(c)For payment of honoraria for delivering Research Memorial Lectures or for contributing a series of articles in the journal of the Institute.

(d) For financing a research project by payment of expenses of a research worker engaged in research in advanced aspects of accounting or auditing either independently or in collaboration with a University, Research Foundation or Chamber of Commerce.

Scholarship From S.Vaidyanath Aiyar Memorial Fund 2014 :
The Managing Committee of the S.Vaidyanath Aiyar Memorial Fund have decided to award scholarships to 100 students (who are currently undergoing articled training in accordance with The Chartered Accountants Regulations, 1988 and are poor, needy but meritorious) requiring scholarship to pursue the Chartered Accountancy course AT Rs. 1000/- p.m. for one year with effect from 1st April, 2013 to 31st March, 2014 to be paid in lump sum, subject to filing of application for the same.

The eligibility criteria for obtaining scholarship from SVAMF are as under :
i) Passed 10 + 2 examination with a minimum of 70 percent marks and also have Passed Common Proficiency Test of ICAI in the first attempt


Passed B.Com Examination of a recognized University with a minimum of 60% marks.

ii) Currently undergoing articled training as per CA Regulations.

iii) Annual income of parents from all sources must be less than Rs. 1.50 lakh.

Those students who are needy, poor but meritorious and are fulfilling the above criteria may apply for scholarship from the S.Vaidyanath Aiyar Memorial Fund. Students may send their request in the prescribed and duly filled Form to the Member Secretary, S.Vaidyanath Aiyar Memorial Fund at the following address so as to reach on or before 30th April, 2014.

The Managing Committee of the S.Vaidyanath Aiyar Memorial Fund will consider each of such cases on merit basis and decide at their discretion the amount to be granted from S.Vaidyanath Aiyar Memorial Fund.

Official Website http://www.icai.org/

Contact Address: 
Member Secretary
S.Vaidyanath Aiyar Memorial Fund
C/ O The Institute of Chartered Accountants of India,
“ICAI Bhawan”,
Indraprastha Marg, New Delhi-110002

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