Funds/ Awards

Official Information

Funds/ Awards

Latest official content and updates published under Funds/ Awards.

The Chartered Accountants Benevolent Fund

11	Name	The Chartered Accountants Benevolent Fund – CABF
22	Office	The Institute of Chartered Accountants of India, New Delhi
33	Objects	To provide financial assistance for maintenance, education, any other purpose to necessitate persons such as; Member of the Institute, wife & children’s of the Member, Widow and children’s of deceased members, relatives or others or dependents of Member.
44	Membership	Members of the Institute at will.
55	Members Type	Life Member, Ordinary Member
66	Membership Fee	Rs. 10000/- for life member & Rs. 1000/- P.A. for ordinary member. Due on 01st April every year.
77	Contribution	Any amount more than Rs. 20/- and above.
88	Managing Committee	Minimum 5 and maximum 7 Members
99	Managing Committee Members	The President & Vice-President as ex-officio, Chairman and Vice-Chairman, others selected from members at AGM, co-opted member till next AGM.

Last updated on 28th September, 2020

CA Benevolent Award

Objective

The objective for which the fund is established is to provide financial assistance for maintenance, education or any other similar purpose to necessitous persons being:-

(a) persons who are or have been members of the Institute, whether subscribers to the fund or not; or
(b) wives and children of persons who are or have been members of the Institute, whether subscribers to the fund or not.
(c) widows and children of deceased persons who have been members of the Institute whether subscribers to the fund or not.
(d) relatives or others who were dependent for support on a person who has been a member of the Institute, whether subscriber to the fund or not; and who has died without leaving a widow or child.

Procedure for becoming a member of the CABF :

There are two categories of members :-

(a) Life Member: A single payment of Rs. 10000/- shall make a person eligible to be admitted as a life member of the fund w.e.f. 1st January, 2020. Thereafter he shall not be liable to pay any amount on account of subscription and shall be styled as a 'Life Member'.
Link for the online payment:- https://cabf.icai.org/lifeMember
(b) Ordinary members: All other members shall be described as 'Ordinary Members' and shall have to pay an annual subscription of Rs. 1000/-. Apart from this any member can subscribe for 'Voluntary Contribution'.
Link for the online payment:- https://cabf.icai.org/OrdinaryMember

Procedure for making payment

Membership subscription to the Chartered Accountants Benevolent Fund can be paid along with annual membership fee online through self-service portal also.

Application format

The application for enrolment as a member of the fund shall be made in form 'A' .

Extent of assistance available :

Monthly Assistance

Maximum monthly assistance available to a member or persons eligible to receive the assistance is Rs.15000/- per month according to the circumstances of the use renewable after one year. This is for maintenance of family of members/widow/relatives of deceased members.

Financial assistance will be given only to the members/widows/relatives whose monthly family income is not more than Rs. 25000/- pm.

Following documents required from the beneficiary who applying for the monthly financial assistance:-

last 2 Years bank statement of all bank accounts.
2 years ITRs of the beneficiary.
In case of ITRs not filled please provide the following – Income certificate issued/Certify by the Government Authority or affidavit for the income of the beneficiary.
Recommendation from the specified person as specified in the 3rd page of the application form.
Copy of cancel cheque.
Copy of Adhar card of the beneficiary.
Copy of Pan card of the beneficiary.

Ex-gratia Financial Assistance

Maximum financial assistance of Rs.150000/- is provided to the legal heir of deceased member in case of accidental death/ unnatural death at the age below 55 years against claim.

Following documents required from the beneficiary who applying for the One time Ex-gratia financial assistance:-

last 2 Years bank statement of all bank accounts.
2 years ITRs of the beneficiary.
In case of ITRs not filled please provide the following – Income certificate issued/Certify by the Government Authority or affidavit for the income of the beneficiary.
Recommendation from the specified person as specified in the 3rd page of the application form.
Copy of cancel cheque.
Copy of Adhar card of the beneficiary.
Copy of Pan card of the beneficiary.
Death certificate of Member.
Copy of Adhar and PAN card of the deceased member.
Original affidavit for legal heir.

Medical Financial Assistance

Maximum financial assistance of Rs.150000/- available to a member or dependent of member eligible to receive the assistance.

Financial assistance will be given only to the members/widows/relatives whose monthly family income is not more than Rs. 25000/- pm.

Following documents required from the beneficiary who applying for the Medical financial assistance:-

last 2 Years bank statement of all bank accounts.
2 years ITRs of the beneficiary.
In case of ITRs not filled please provide the following – Income certificate issued/Certify by the Government Authority or affidavit for the income of the beneficiary.
Recommendation from the specified person as specified in the 3rd page of the application form.
Copy of cancel cheque.
Copy of Adhar card of the beneficiary.
Copy of Pan card of the beneficiary.
Original medical bills

Procedure for availing assistance

Application for financial assistance should be made in prescribed format along with all relevant supporting documents mentioned therein. The application must be recommended by any Central Council Member or Chairman/Vice Chairman/Secretary of any Regional Council or Branch/

Ex-President/Chairman/Vice-Chairman and Member Secretary/Member of Managing Committee of CABF /Member of Managing Committee of Regional Council.

Application form for: -

Last updated on 17th December, 2024

Funds/Awards

S.Vaidyanath Aiyar Award Annexure-II

S.Vaidyanath Aiyar Award

FORM OF APPLICATION

The Secretary
Managing Committee of
S. Vaidyanath Aiyar Memorial Fund
C/o. The Institute of Chartered Accountants of India
P.O. Box No. 7100, I.P. Marg,
New Delhi - 110 002.

Dear Sir,

In pursuance of the announcement made by the Committee for the award of scholarships for the year ____________, I hereby apply for a scholarship to be granted to me for a period of one year. I have studied the conditions on which the scholarships are to be awarded and I am eligible there under. I undertake to abide by all terms and conditions laid down by the committee and give below the necessary particulars regarding myself.

1.	Articles Registration No.	-------------------------------------------------------------
2.	Name in Full	------------------------------------------------------------- (Capital letters)
3.	Place & Date of birth	-------------------------------------------------------------
4.	Nationality and the State to Which belongs	-------------------------------------------------------------
5.	Full address : (a) Present	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
	(b) Permanent	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
6.	Married or Single	-------------------------------------------------------------
7.	(a) Father's name (in full)	-------------------------------------------------------------
	(b) Nationality and state	-------------------------------------------------------------
	(c) Occupation	-------------------------------------------------------------
	(d) Address (i) Present	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
	(ii) Permanent	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
8.	(a)Guardian's name**(in full)	-------------------------------------------------------------
	(b) Occupation	-------------------------------------------------------------
	(c)Address (i)Present	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
	(ii) Permanent	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
9.	Total monthly income from all sources of parents/guardians	------------------------------------------------------------- (Documentary evidence should be sent)
10.	Particulars of School/College/University etc. where the candidate had studied (Any break in the education career should be indicated in the remarks column and attested copies of the certificates should be sent with this form) Name of School/ Date of Subjects Examinations Division Remarks College/University entering studied passed awarded & leaving & % of marks.
11.	Name and address of the employer under whom practical training is being received	-------------------------------------------------------------
12.	Particulars of any testimonials or Certificate attached	------------------------------------------------------------- Signature ( Articled Registration No. _____________________)

Place : ----------------------------------

Date : ----------------------------------

S.Vaidyanath Aiyar Award -Annexure-I

S.Vaidyanath Aiyar Award

FORM 'A'

The Secretary
S. Vaidyanath Aiyar Memorial Fund,
New Delhi

Dear Sir,

I hereby apply for admission as a member of the S. Vaidyanath Aiyar Memorial Fund. I am remitting herewith Rs. __________ towards my subscription as an Ordinary/Life Member. I have read the Rules and Regulations of the Fund and I agree to abide by them, and also by the rules that may be made hereafter. I give below the necessary particulars :

1.	Full Name	-------------------------------------------------------------
2.	Address	------------------------------------------------------------- ------------------------------------------------------------- -------------------------------------------------------------
3.	(a) Membership No.	-------------------------------------------------------------
	(b) Date of Enrolment	-------------------------------------------------------------
	(c) Whether Fellow or Associate	-------------------------------------------------------------

Yours faithfully,

(Signature of the Member)

Place :---------------------------

Date : ---------------------------

S.Vaidyanath Aiyar Memorial Fund

Objectives

The 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:-

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

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

(d) 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.

Procedure for becoming a member of the SVMF

There are two categories of members

(a) Life Member: A single payment of Rs. 1,000/- instead of Rs. 500/- shall make a person eligible to be admitted as a life member of the fund. Thereafter he shall not be liable to pay any amount on account of subscription and shall be styled as a 'Life Member'.

(b) Ordinary members: All other members shall be described as 'Ordinary Members' and shall have to pay an annual subscription of Rs. 50/-.

Subscription may be paid by local cheque/ DD to the respective decentralised office or H.O. directly.

Application format

The application for enrolment as a member of the fund shall be made in Form 'A' as per Annexure I.

Details of Benefits available

Presently scholarships are given to poor and deserving articled/audit clerks for pursuing their education. Scholarships are given for a period of one year @Rs.500/- per month.

Apart from this, S. Vaidyanath Aiyar Memorial Lectures are organised by Regional councils and Branches thereof. Honoraria for these lectures are reimbursed by the Fund to the Regional Councils.

Last updated on 12th November, 2025

Annexure II

FORM OF PARTICULARS TO BE FILLED UP BY PERSON
CLAIMING ASSISTANCE FROM THE CHARTERED
ACCOUNTANTS BENEVOLENT FUND

To

The Secretary
The Chartered Accountants Benevolent Fund
I.P. Marg,
New Delhi - 110 002.

Sir,

I request that I may be provided with an allowance to maintain myself and my family members from the Chartered Accountants Benevolent Fund. I give below the particulars regarding my needs and my resources :-

1. (a) Name of the applicant :
(b) If the applicant is not a member/past member, the name of the member and membership number to whom he/she is related with the exact relationship

2. Membership No. for 1(a) or 1 (b) :

3. Full Address :
(a) If the member was in practice :
give details.

(b) If the applicant is a member whether he is in practice :

(c) If so, the date of starting : the practice

(d) The name and address of the firm(s) in which the concerned member has/had interest. Also specify the nature of interest

(e) Whether the firm in which the member was partner had paid any money to the member's family at the time of demise of the member. If so, please give full details thereof.

(f) Whether the legal heir (family member) of the deceased member is entitled to any share of goodwill or any other benefit from the firm in which he/she was partner. If so, please give full details thereof.

(g) Copy of the latest Balance Sheet or Statement of Affairs of the Member/Past member and details of the applicant's and the family Member's assets & liabilities should be given.

5. If the member is/was in employment

(a) Name of the employer

(b) The nature of employment with the position held.

(c) Salary last drawn (please attach the salary certificate)

(d) Benefits, such as Life Insurance, Provident Fund, Gratuity, Pension the deceased member.

(e) Whether the member has taken any Loan to meet the medical expenses or taken any medical reimbursement from the employer. If so, the details thereof with the proof may be given

6. (a) Copies of the assessment order for the last 3 years of the member/ deceased member together with computation of income and balance sheet and income and expenditure A/c.

(b) A detailed list of all the assets held in the name of the applicant and other members of the family.

7. Financial resources of the applicant

(a) Whether owning any immovable property in his/her name and/or in the name of other member(s) of the family. If so, please indicate full particulars including the rent realised.

(b) Details of all income and receipts indicated separately from each source including Regional Council of the Institute or any branch thereof.

(c) What is the source from which the applicant is presently meeting his/ her maintenance and expenditure per month incurred.

i) Total monthly expenditure
ii) Specify each source separately from Which expenditure is met.

8. Whether the applicant is staying separately or in joint family.

9. Details of the parents/brothers/ children of the deceased member and their occupation and their income together with sources. The details of the financial assistance, if any, provided by them to the applicant.

10. Particulars of the dependent of the applicant
Name	Age	Relationship	If a student the class in which studying	Whether he/she is receiving any scholarship/stipend etc.
i) ii) iii)

11. Particulars of other relatives of the applicant i.e. son, daughter, person maintaining the applicant etc.
Name	Age	Relationship	Occupation	Annual Income
i) ii) iii)

12. The extent of financial help sought from the Chartered Accountants Benevolent Fund and reasons for justification for the same.

13. Any other particulars or details that the applicant may wish to supply.

I have checked the particulars given above for any omission and errors. To the best of my knowledge, information reported above is complete and correct.

Yours faithfully,

Place :

Date :

RECOMMENDATION

*Recommendation of the Central Council Member/Chairman/Vice-Chairman/Secretary of the Regional Council or Branch of the Regional Council.

Signature

Place :

Date :

* Strike out whichever is not applicable.

Annexure I

THE CHARTERED ACCOUNTS BENEVOLENT FUND
C/O. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
I.P. MARG P.O. BOX NO. 7100, NEW DELHI - 110 002.
(APPLICATION FORM FOR LIFE MEMBERSHIP OF THE FUND)

NO. (LM )

Dear Sir,

I hereby apply for admission as a Subscriber Member of the Chartered Accountants Benevolent Fund. I am remitting with Rs. 2500/- towards any subscription as Life Member. This amount of Rs. 2500/- shall form of the corpus of the fund. I have read the Rules & Regulations of the fund and I agree to abide by them, and also by the Rules that may be made hereafter. I give below the necessary particulars.

1.	Full Name	:	----------------------------------------------
2.	Address	:	---------------------------------------------- ---------------------------------------------- ----------------------------------------------
3.	a) Membership No.	:	----------------------------------------------
	b) Date of Enrolment	:	----------------------------------------------
	c) Whether Fellow or Associate	:	----------------------------------------------
	d) Address for communication	:	----------------------------------------------
4.	Name of dependents and relations	:	----------------------------------------------

Name	Age	Relation
1 2 3 4 5 6

Life Membership Fee Rs. 2500/-

Yours faithfully,

(SIGNATURE OF THE MEMBER)

PLACE :

DATE :