T. N. Manoharan

Last updated

T. N. Manoharan
CA T N Manoharan.JPG
T N Manoharan addressing delegates of 42nd Regional Conference of SIRC of Institute of Chartered Accountants of India.
Born (1956-04-07) 7 April 1956 (age 66)
NationalityIndian
Education
OccupationChairman of Canara Bank
Notable credits
Title
Parents
  • T. L. Narayanaswamy Chowdhry (father)
  • T. N. Sarada Narayanaswamy (mother)
Website http://www.mca.co.in/team1.php

T. N. Manoharan is a chartered accountant, former president of the Institute of Chartered Accountants of India (ICAI) and Ex-chairman of Canara Bank, the fourth largest public sector bank in India. [1]

Contents

Career

T. N. Manoharan (TNM) hails from Rajakoil village near Gudiyatham, born to a Freedom Fighter and agriculturist T.L.Narayanasamy Chowdhry and Saradammal. He is a post graduate in commerce from Sri Venkateswara University and a Chartered Accountant of four decades of standing. He is also a law graduate from Madras Law College. He has authored books for professionals and students on Taxation. Besides carrying on his practice as a CA, he was teaching CA students with passion for about two decades in Chennai and various places in Southern India. He supported students from poor strata of society by free admission and distribution of his text books. Few thousands of his students are settled in India and Abroad. TNM was a visiting faculty in BIM in Trichy, RBI Staff Training college and SIRC of ICAI, ICMA & ICSI in Chennai during the 1990s.

He has addressed training programs at Nagpur Academy on Direct Taxes for IRS officers and for Income tax Appellate Tribunal Members at the Judicial Academy, Mumbai. He has presented several hundreds of papers in Conference and seminars and addressed renowned Institutions both in India and abroad including reputed foreign universities such as Chicago University in USA, Warwick University in UK and Southern Queensland University in Australia.

He served as a council member of the Institute of Chartered Accountants of India for 6 years from 2001 and became its National President during the year 2006-07. He was a special director of the Government nominated Board for revival of Satyam Computer Services Limited. He has written his experience as a book entitled Tech Phoenix – Satyam's 100-day Turnaround.

Manoharan served as Chairman of the committee on Accounting Standards and Taxation of Confederation of Indian Industry (CII) during 2009–2011. He was member of the various committees constituted by CVC, RBI, C&AG, CBDT and SEBI. He was on the Board of Insurance Regulatory and Development Authority (IRDA). He was a member of the Advisory Council for the skill development in BFSI Sector. He served as the Chairman of Canara Bank for five years up to August, 2020 and as the Administrator of Lakshmi Vilas Bank during 2020 till its merger with DBS Bank.

He is currently a member of the Reserve Bank of India Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks and Small Finance Banks. He is the Chairman of IDBI Bank, He is on the board of Mahindra & Mahindra, Tech Mahindra and National Bank for Financing Infrastructure and Development (NaBFID).

He was initiated into the Masonic movement in Lodge Accountants No. 194 on 27th October, 1994. He was adjudged the Best Master in the Region in 2005 in craft; Best Zerubbabel in the Region in 2013 in Chapter and Best Mark Master in the Region in 2016. He also won the best Installing officer awards in Chapter and Mark. In Craft, he was the Grand Chaplain during 2018–2019 and Assistant Grand Master during 2020–2021; In Grand Chapter, he was the Third Grand Principal during 2021-22. He was conferred the Outstanding Mason award from GLI for the year 2019 at Grand Festival held on 30th November, 2019 in Trichy. At the Grand Festival in Kolkata on 26th November, 2022, his appointment as Regional Grand Master of The Regional Grand Master of Southern India for the ensuing term of 3 years was announced.

Manoharan was presented with the “Life time achievement” award in 2005, the “For the Sake of Honour” award in 2007, the Dronacharya award in 2022 by the Rotary, the “Super Achiever Award” in 2006 by the Lions International. He received the “Business Leadership award” from the Finance Minister of India under the aegis of NDTV-Profit as part of the Satyam revival team in October, 2009 and the CNN IBN “Indian of the Year 2009” award from the Prime Minister of India in December, 2009. He was conferred the civilian honour “Padma Shri” award by the President of India on 7th April, 2010.

Related Research Articles

<span class="mw-page-title-main">Accountant</span> Practitioner of accounting or accountancy

An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.

<span class="mw-page-title-main">Chartered accountant</span> Professional designation for accountants

Chartered accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation; the certified public accountant designation is generally equivalent to it. Women were able to become chartered accountants only following the Sex Disqualification (Removal) Act 1919 after which, in 1920, Mary Harris Smith was recognised by the Institute of Chartered Accountants in England and Wales and became the first woman chartered accountant in the world.

<span class="mw-page-title-main">Institute of Chartered Accountants of India</span> National professional accounting body in India

The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for promotion, development and regulation of the profession of Chartered Accountancy in India.

<span class="mw-page-title-main">Institute of Chartered Financial Analysts of India</span>

The Institute of Financial Analysts of India (IFAI) was established in 1984 as a non-profit educational society in Hyderabad, Telangana, India. The institution has been offering education to students across India through its various programs in the field of higher education. The institution was founded by N. J. Yasaswy, Besant C. Raj and Dr. Prasanna Chandra, the Director of Centre for Financial Management.

<span class="mw-page-title-main">Deepak Parekh</span> Indian businessman

Deepak Parekh is an Indian businessman and the Chairman of Housing Development Finance Corporation, India's leading housing private development finance institution. It is based in Mumbai.

The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.

Rahul Roy was an Indian chartered accountant and the former President of ICAI.

<span class="mw-page-title-main">Kamlesh Shivji Vikamsey</span>

Kamlesh Shivji Vikamsey is an Indian Chartered Accountant and a Past President of Institute of Chartered Accountants of India (ICAI) and a Past President of The Confederation of Asian and Pacific Accountants (CAPA). He is an expert on governance and oversight; and has served in his personal capacity on several international organizations like UNDP, IMF, UNICEF, ITU and WMO in Audit and Oversight Committees.

<span class="mw-page-title-main">G. Ramaswamy</span>

CA. G. Ramaswamy is an Indian Chartered Accountant from Tamil Nadu (Coimbatore) and was the president of the Institute of Chartered Accountants of India (ICAI) for the year 2011–12.

National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India. It advises the Central Government on the formulation and laying down of accounting policy and accounting standards for adoption by companies . The advisory committee shall consist of the following members, namely: 1. A chairperson who shall be a person of eminence well versed in accountancy, finance, business administration, business law, economics or similar Discipline; 2. One member each nominated by The Institute of Chartered Accountants of India constituted under the Chartered Accountants Act, 1949, The Institute of Cost and Work Accountants Act, 1959 and The Institute of Company Secretaries of India constituted under the Company secretaries Act 1980. 3. One representative each of the Central government, Reserve Bank of India, Comptroller & Auditor General of India to be nominated by it. 4. A person who holds or has held the office of professor in Accountancy, Finance or Business Management in any University or deemed university; 5. The Chairman of the Central Board of Direct Tax (India) constituted under the Central Board of Revenue Act, 1963 (India) or his nominee; 6. Two members to represent the chambers of commerce and industry to be nominated by The Central Government of India; and 7. One representative of the Security and Exchange Board of India to be nominated by it.

Yezdi Hirji Malegam is an Indian chartered accountant who was the president of Institute of Chartered Accountants of India from 1979 to 1980. He was the chairman of National Advisory Committee on Accounting Standards. Since 27 November 2000, he has been a board member of Reserve Bank of India and holds a position as a trustee of The Willingdon Sports Club. He is also engaged in various other fields of business and finance. He has been a director of the Indian Central Bank's board for 17 years.

<span class="mw-page-title-main">Sunil Kanoria</span> Indian businessman

Sunil Kanoria is a Kolkata-based Indian businessman who co-founded Srei Infrastructure Finance. He has served as the president of ASSOCHAM.

Auditing in India is a system of independently reviewing the records/activities and expressing an opinion thereon.

<span class="mw-page-title-main">Ravi Vadlamani</span>

Ravi Vadlamani is a chartered Accountant by profession, Senior Partner in M/s Umamaheswara Rao & Co., a social entrepreneur, philanthropist, was elected as Director on the Board of Rotary International through an election process. He is past District Governor Rotary International (Dist.3150), President, Round Table India, Chairman Indian Red Cross Society, Guntur.

Ashwajit Singh is a first-generation Indian entrepreneur and development practitioner. He is the Founder and Managing Director of IPE Global Group, a social sector consultancy firm in South Asia. Singh has over 30 years of experience in development space and corporate & financial advisory services. He has worked across Africa, Asia & Europe and provided strong leadership and strategic direction to the IPE Global Group since its inception in 1998. He is also the Chairman of Triple Line Consulting, a UK based international development consulting firm.

Parvataneni Brahmayya or P Brahmayya was a chartered accountant, former ICAI president and founded Brahmayya & Co., a firm of Chartered accountants in 1932.

Narain Dass Gupta is Member of Parliament Rajya Sabha from NCT of Delhi, practicing chartered accountant, and former president of the Institute of Chartered Accountants of India (ICAI). He is a financial policy expert who has written several books on taxation.

<span class="mw-page-title-main">Shaktikanta Das</span> Governor of the Reserve Bank of India (RBI)

Shaktikanta Das is serving as the current & 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.

Sethurathnam Ravi is a chartered accountant (CA) based in India, promoter and managing partner of Ravi Rajan & Co. LLP and the former Chairman of Bombay Stock Exchange (BSE). He is also on the Board of Directors of over 45 companies and organisations including IDBI Bank, LIC, ONGC, BHEL, and more. He also serves as an Independent Director of Tourism Finance Corporation of India. In 2003, He was also appointed by Government of India and Reserve Bank of India (RBI) as Chairman of the Technical Experts Committee for Punjab & Sind Bank's strategic turnaround. In 2019, Ravi also joined SBI Payments Services Pvt. Ltd as one of the Board Directors. Before joining BSE, Ravi served on boards of various companies such as, UTI Company Pvt Ltd., SMERA Ratings, SBI-SG Global Securities, STCI Finance, and BOI Merchant Bankers. He also serves as a member of SEBI's takeover panel and Institute of Chartered Accountants of India (ICAI). S Ravi had been appointed as the independent director of the EbixCash Private Limited in June 2021, a subsidiary of Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. He is also a frequent speaker at regulatory bodies, like ICAI, RBI and SEBI, Mr. S Ravi is passionate about sports and issues related to equal rights of women, global climate change and education for all.

In India, a Chartered Accountant is a qualified accountant of Institute of Chartered Accountants of India. The person clears the Institute conducted examination with prescribed percentage and also completes the required theory and practical trainings conducted by the Institute before being eligible as a registered member with it. As a qualified professional, he can perform the tasks enlisted by the Institute for various organisations to ensure proper accounting,auditing and taxation controls to be followed by them in the running of their business and operations. These policies clears any ambiguities for the organisations in the maintenance of their books of accounts.

References

  1. "Mr T.N. Manoharan, past President, ICAI; Dept of Management Studies at N.M.S.S. Vellaisamy Nadar College, Madurai". Business Line . 27 October 2006. Retrieved 26 March 2010.