The Institute of Cost Accountants of India (ICMAI) has prolonged the time duration provided to undergo Mandatory Capacity Building Training (MCBT) last 31st December 2021.
In between the time duration of the 1st February 2019 to 31st March 2021 the practising members who have got the Certificate of Practice (COP) and do not go with the MCBT and possess to replace their COP for the year 2021-22 needs to enroll and undertake MCBT.
In COP of the exercising members is not replenished for the year 2021-22 because of not undertaking MCBT, this will take into the problems to those members who are living on exercising the practice although compliance of the conditions according to the notification on 15 February 2019 and subsequent corrigendum dated 8th March 2019.
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“It has been decided to grant an extension of time for successful completion of Mandatory Capacity Building Training (MCBT) up to 31st December 2021 to the practising members who have taken Certificate of Practice (COP) during the period 1st February 2019 to 31st March 2021 and have not undergone the Mandatory Capacity Building Training (MCBT) and desirous of renewing their COP for the year 2021-22,” the Institute announced.
