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:
Membership fees to the respective decentralised offices by membership fees to the respective regional offices. cheqe/DD to H.O. or respective decentralised office in place of cheque/DD to HO or respective decentralised offices.
The application for enrolment as a member of the fund shall be made in form 'A' . The form can be downloaded from the Institute's Website www.icai.org (or) can be had from the decentralized offices of the Institute.
Extent of assistance available :
Monthly Assistance :
Maximum monthly assistance available to a member or persons eligible to receive the assistance is upto 4500/- to 5500/- 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 15000/-.
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.
Click here to download CABF Claim Form