KOLKATA | MUMBAI: As banks try and resolve the bad loans that have burdened the industry, insolvency professionals stand to get a big career boost. Chartered accountants, cost accountants and company secretaries are said to be rushing to get themselves qualified in hundredsand this is just the beginning. If the bankruptcy process unfolds as its meant to, thousands of insolvency professionals will be needed to oversee the process and run distressed assets as part of asset-sale programmes, experts said.
The Institute of Chartered Accountants of India (ICAI) alone has enrolled more than 700 practising chartered accountants (CAs) as insolvency professionals, according to the latest official data. The institute is estimat- ed to have recei…
Read the full article at: http://economictimes.indiatimes.com/industry/services/consultancy-/-audit/insolvency-professionals-in-high-demand-cas-cost-accountants-and-company-secretaries-rush-to-get-qualified/articleshow/59624405.cms