The Institute of Cost Accountants of India (ICMAI) has extended the time period granted to undergo Mandatory Capacity Building Training (MCBT) upto 31st December, 2021.

The practicing members who have taken the Certificate of Practice (COP) during the period 1st February, 2019 to 31st March, 2021 and have not undergone the MCBT and have to renew their COP for the year 2021-22 needs to register and undertake MCBT.

If the COP of the practising members is not renewed for the year 2021-­22 due to not undertaking MCBT, it might cause hardship to those members who survive exclusively on practice notwithstanding the fact that compliance of the notified conditions as per the Notification dated 15 February, 2019 and subsequent corrigendum dated 8th March, 2019.

“It has been decided to grant extension of time for successful completion of Mandatory Capacity Building Training (MCBT) upto 31st December, 2021 to the practicing 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.