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About SAFA Assembly As per the Constitution of SAFA the Assembly shall comprise of President, Vice-president, Immediate Past President (ex-officio) Secretary-General and the heads of the member bodies or authorized representative of the member body. Head of member bodies may be accompanied at the meetings of the Assembly, by one technical advisor who shall have no right to vote and in case of his inability to attend any of the Assembly meetings he can be represented by his technical advisor or any other person nominated by the member body. In such a case that representative shall have a right to vote upon being duly authorized in writing by the concerned member body. A member body, whose representative has been elected as President or Vice-President as the case may be, shall vote in their capacity as representative of that member body. President, Vice-President, Immediate Past President and Secretary-General shall have no right to vote. However, President or the person chairing the meeting in his absence shall have a casting vote in case of tie on proposals requiring simple majority. Top

Objectives and Functions of SAFA Assembly The Assembly shall based upon the recommendation of the SAFA Board or otherwise have the authority to take all the steps considered necessary to further the mission and the objectives of SAFA including performing the functions of: 1. Approval of budget and work programme; 2. Issues of strategies, policy and those emergent in nature; 3. Determine the financial contributions to be made by each member body and the uses to which these should be put; 4. Admit or reject applications for membership of SAFA; 5. Admit or reject application for admission as observer; 6. Consideration and approval of audited financial statements of SAFA; 7. Appointment of auditor for each accounting year and fix their remuneration; 8. Establish rules and procedure consistent with the provisions of the Constitution; 9. Accept resignation of a member body or an Observer; and 10. Modification in the Constitution, as may be required. Top

Meeting Management System Meeting Management Agenda Mins ATR Others Top

Assembly Members Mr. Syed Mohammad Shabbar Zaidi President The Institute of Chartered Accountants of Pakistan Address:A.F. Ferguson & Co. Chartered Accountants State Life Building No. 1-C, Off. I.I. Chundrigar Road, Karachi – 74000, Pakistan Phone:+92-21-2413849, 2426682 Email:s.m.shabbar.zaidi@pk.pwc.com Born in Karachi on January 1, 1960. Graduated from Hailey College of Commerce, Lahore with Gold Medal in 1979. Qualified as Chartered Accountant with A.F. Ferguson & Co., Lahore in 1983. Currently, a Partner with A.F. Ferguson & Co. a member firm of Pricewaterhouse Coopers since 1995. Specializing in Taxation and Business Advisory Services. He was the President of the Institute of Chartered Accountants of Pakistan for the year 2005-2006 and Vice President of the Institute for the year 2002-2003 and also served as a Member of the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan for two four years terms. Mr. Zaidi has been the Member of the Federal Government Task Force for Tax Administration, Member Advisory Committee for the Revenue Division of Federal Government and Member Federal Government Committee for Improvement in Regulatory Framework, Member Alternate Dispute Resolution Committee, Sales Tax and Income Tax. Member Task Force on Tax Reform and Advisor on Economic and Financial matters to the Overseas Investors Chamber of Commerce & Industry.Mr. Zaidi has been the Chairman of Professional Standards & Technical Advisory Committee and Economic & Taxation of the Institute. Mr. Zaidi is deeply involved in major business restructuring transactions in the country including mergers, acquisition, privatization, etc. At present Mr. Zaidi specializes in corporate finance activities of PricewaterhouseCoopers Pakistan providing international expertise. Mr. Zaidi is also acting as Financial Advisor for Iran-Pakistan-India Pipeline Project. Mr. Zaidi is a regular writer in business journals and newspapers including visiting lectures at Lahore University of Management Sciences and Institute of Business Administration, Karachi. Mr. Sheikh A Hafiz FCA Vice-President Institute of Chartered Accountants of Bangladesh (ICAB) Address: 9 Mohakhali C/A (11th & 12th Floor), Dhaka 1212, Bangladesh Phone:+880 2 9886450 -2 (Off.) Email:sheikhhafiz@kpmg.com Mr. Sheikh A Hafiz FCA, Member Council and Past President of the Institute of Chartered Accountants of Bangladesh (ICAB) was elected Vice President of the South Asian Federation of Accountants (SAFA) in the 66th SAFA Assembly Meeting for the year 2008. Mr. Sheikh A Hafiz FCA, Partner of Rahman Rahman Huq, one of the oldest and prestigious Chartered Accountancy firms in Bangladesh and a Representative firm of KPMG was elected President of the Institute of Chartered Accountants of Bangladesh(ICAB) for the year 2005. Mr. Hafiz is also a fellow member of the Institute of Chartered Accountants in England and Wales. Mr. Hafiz is a practicing Chartered Accountant since 1975. Since 2002, Mr. Hafiz has been serving as Director of Sonali Bank, the largest nationalized bank in Bangladesh. Mr. Hafiz was also a member of the National Gas Utilization Committee and a Past President of the Dhanmondi Rotary Club. Mr. Sheikh A Hafiz FCA has been rendering Continuous professional services to the Institute of Chartered Accountants of Bangladesh (ICAB) in various capacities and as a member of different standing and non-standing committees, including the Investigation and Disciplinary Committee(IDC), Articled Students Committee(ASC), Real Estate Committee(REC), Professional Development Committee (PDC), Taxation and Corporate Laws Committee(TCLC), International and Public Relations Committee (IPRC) and Project Development & Implementation Committee(PDIC) of the Council-ICAB. Mr. Hafiz is a member of the Advisory Committee of the Securities and Exchange Commission (SEC). Besides, his professional engagements, Mr. Hafiz is a dedicated social worker and is involved with many organizations in various capacities. He is the Chairman of the Governing Body of Dhanmondi Rotary Club Girls High School at Savar. He is a life member of the Bangladesh Studies and Research Institute. Mr. Indrajith Fernando Advisor SAFA The Institute of Chartered Accountants of Sri Lanka Address: Bartleet TransCapital Limited No. 65, Braybrooke Place, Colombo-02, Sri Lanka Phone:+94 11 2422331, 4740590 Email:indrajithf@bartleet.com Mr. Asela Indrajith Fernando, aged 45 years has been elected as the President of SAFA at 63rd Assembly meeting. Besides being a Fellow member of Institute of Chartered Accountants of Sri Lanka, he is also a fellow member of CIMA U.K. He was the immediate past president of Institute of Chartered Accountant of Sri Lanka. Mr Fernando is also the Chairman of the Committee for Improvement in Transparency, Accountability and Governance of SAFA and is a member of Developing Nations Committee (DNC) of International Federation of Accountants (IFAC). He has been an ex-officio member of various institutions namely, Securities & Exchange Commision of Srilanka, National Institute of Business Management and PG Institute of Management (University of Sri Jayewardenapura). He has vast exposure in corporate sector of more than two decades. He has served in the corporate at various strategic positions and capacities. Currently he is the Director/Chief Executive Officer of Bartleet TransCapital Ltd. He has made several presentations in various national and international conferences and seminars organized by IFAC, CAPA, ICA SL and many other national & international professional bodies. Dr. Ashok Haldia Secretary The Institute of Chartered Accountants of India Address: ICAI Bhawan,P.O. Box No. 7100, Indraprastha Marg,New Delhi – 110002,India Phone:+91-11-30110487 Email:ashokhaldia@icai.org;safa@icai.org Dr. Ashok Haldia is a throughout first class Post Graduate and a fellow member of The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India and a member of The Institute of Cost and Works Accountants of India. Has more than 20 years of experience of working at senior positions in Financial Institutions and with the Government of Rajasthan. His experience includes Project Financing, Industrial Finance Policy, Industrial Survey, Accounts and Taxation, Public Sector Policy, Evaluation and Management, Power Sector Financing and Policy, Public Sector and Power Sector Reforms and Restructuring, etc. He has completed his Doctorate on the topic of "Privatisation of Public Enterprises in India". He has contributed number of articles in the leading newspapers, professional journals, national and international conferences. He was a member of various committees constituted by the Government of Rajasthan and Government of India and also Secretary to the High Level Committee constituted under the Chairmanship of Shri Naresh Chandra by the Department of Company Affairs, Ministry of Finance and Company Affairs to suggest a scientific and rational regulatory environment for companies/firms. He is also Member Secretary of the Group constituted by the Department of Company Affairs, Government of India on GATS related issues. He had been the faculty member in number of management and training institutions. He is Technical Advisor on IFAC Board and on IFAC SMPs Task Force. He is also the Secretary of the Institute of Chartered Accountants of India. He is also the Secretary to the National Advisory Committee on Accounting Standards constituted by the Department of Company Affairs, Ministry of Law, Justice & Company Affairs, Government of India. Mr. Muhammed Farhad Hussain President The Institute of Chartered Accountants of Bangladesh Address: Chartered Accountant Bhaban, 100, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Complex,Dhaka 1215,Bangladesh Phone:+880-2-9111702 Email:mfarhadfca@dhaka.net Mr. Muhammed Farhad Hussain FCA has been elected as the President of The Institute of Chartered Accountants of Bangladesh (ICAB) for the term 2007. He was the Vice President of ICAB in 2003. Mr. Hussain qualified as a Chartered Accountant from the ICAB in 1984. He served as a Trainee Accountant with Calthorpes, Chartered Accountants, England and Audit Manager with Lawrence and Company, Chartered Accountants, England. Presently a Partner of Hussain Farhad & Co,. Chartered Accountants, Mr. Hussain was Executive Director of Bengal Group Jute Division, Deputy Managing Director of Desh Beverage Company Ltd. and Manager (Accounts & Personnel) of Industrial Promotion and Development Company of Bangladesh Ltd. (IPDC). He has been serving as member of different committees of ICAB since long including the Examination Committee and Technical & Research Committee in different years in the past. Prof. Mamtaz Uddin Ahmed President The Institute of Cost and Management Accountants of Bangladesh Address: P.O. Box 2629,ICMA Bhaban, Nilkhet, Dhaka 1205 Phone: Email:icmab@citechco.net Professor Mamtaz Uddin Ahmed, MBA, FCMA is the President of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for the year 2007. Mr. Ahmed also served the Institute as the Vice-President for the years 2005 and 2006. Earlier, he was a Council Member of the 10th and the 11th National Councils of ICMAB. He was also the Secretary of the DBC of ICMAB for the year 1991. Professor Ahmed, a senior Fellow Member of the Institute, has been serving as a faculty in the Department of Accounting and Information Systems, University of Dhaka since June, 1986. He served as a Lecturer in the Department of Accounting, University of Chittagong during the period of April, 1984 to April, 1986. He also served as a Consultant in different World Bank and GOB (Government of Bangladesh) funded projects and acted as resource person in different training programs. Professor Ahmed, a brilliant student, obtained all through 1st class in all public examinations and obtained 5th, 1st and 2nd positions in H.S.C, B.Com (Hons.) and M.Com respectively. He has published more than 24 articles in various recognized journals. He is a life member of Bangladesh Economic Association and United Nations Association of Bangladesh. Currently he has been working as a nominated member of ICMAB at Advisory Committee of Road Fund Maintenance Board. CA. Ved Jain President, ICAI The Institute of Chartered Accountants of India Address: ICAI Bhawan, P.O. Box No. 7100, Indraprastha Marg,New Delhi – 110002,India Phone:+91-11-30110403 Email: president@icai.org CA. Ved Jain, FCA has been elected as as the President of the Institute of Chartered Accountants of India (ICAI), the Apex Body of the profession of Chartered. Accountants in India, for the year 2008-09 w.e.f 5th February 2008.He was Vice President of the Institute for the year 2007-08. CA. Ved Jain passed Chartered Accountancy Examination in 1973 with rank in both CA Inter and Final Examination. He is triple bachelor degree holder, including degree in Law from Delhi University. CA. Ved Jain was elected to the Central Council for the first time in 2004 and thereafter in 2007. He has held position of Chairman and Vice Chairman of Fiscal Laws Committee and Chairman of Audit Committee. He has represented ICAI on CAPA, SAFA and IFAC forum. He is also a member on Developing Nations Committee of IFAC. Currently he is also the member of National Advisory Committee on Accounting Standards constituted by the Ministry of Corporate Affairs and also Co-Chairman of Committee on Direct Taxes of Assocham. He is a prolific writer and has attended conference at national and international level. He was also a member of Income Tax Appellate Tribunal, Ministry of Law and Justice and Corporate Affairs, Government of India. Shri Chandra Wadhwa President The Institute of Cost and Works Accountants of India Address: 12, Sudder Street, Kolkata – 700016,India Phone:+91- 033-22522128 Email: Shri Chandra Wadhwa , has been elected President of the Institute of Cost and Works Accountants of India for 2007-2008. He was Vice-President of the Institute for 2006-2007. Shri Wadhwa is a leading practicing Cost Accountant from New Delhi. An M.Com and LL.B from Delhi University, Shri Wadhwa is a Fellow Member of ICWAI and ICSI. Before taking up practice, Shri Wadhwa served several public and private sector organizations in senior positions. He undertook various professional assignments in the areas of costing system development and management, project finance, management audit, cost benefit analysis, MIS etc. He is also Promoter-Director of Wadhwa Financial Services (P) Limited. Shri Wadhwa served several committees of the Council. He held positions as Chairman-Cost Accounting Standard Board, Chairman-WTO and International Affairs Committee, Members of Public Sector Coordination Committee, Executive Committee and Examination Committee. He is the Chairman of the Task Force formed by the Ministry of Company Affairs for The Institute of Valuers, Member of the Committee formed by the Ministry of Commerce on Indo-UK Accountancy Sector, Member of the Committee formed by the Ministry of Company Affairs on Opening of Accountancy Sector in GATS regime, Member of the Committee of CII on WTO. A prolific writer, Shri Wadhwa presented several papers at various Conferences, Seminars and Training Programmes organized by Corporate Organizations, Industry Associations as well as Institutes like ICWAI, banks and financial institutes. He has also presented papers on Opportunities and Challenges for Accounting Sector under WTO at Lahore seminar of SAFA. Important among his works is a Study on Working Capital Management of Oil India Limited and a paper on Implications of WTO presented at an ICWAI Seminar addressed to Public and Private Sector Organizations. Mr. Ratna Raj Bajracharya President The Institute of Chartered Accountants of Nepal(ICAN) Address: Babar Mahal,POB 5289, Kathmandu, Nepal Phone: Email: Mr. Ratna Raj Bajracharya, M.Com, FCA has been elected President of the Institute of Chartered Accountants of Nepal (ICAN) for the year 2007-2008. He was Vice-President of the Institute for the year 2006-2007. A Master Degree holder in Commerce from Tribhuvan University, Kathmandu, Mr. Bajracharya is a Fellow Member of ICAN. Mr. Bajracharya qualified as Chartered Accountant from the Institute of Chartered Accountants of India in 1984. He started his career from Nepal Rastra Bank, the Central Bank of Nepal. After serving for 20 years in various senior positions in the Bank, he founded the professional accounting firm R. Bajracharya & Co., Chartered Accountants in 1992. Mr. Bajracharya is engaged in providing consulting and auditing services especially in financial sector. He has helped technically to establish many existing banks and finance companies of Nepal. He was engaged as senior national consultant for Bank of Scotland in reconstruction of Nepal Bank Ltd. under the World Bank Project. Currently he has joined Nepal Credit and Commerce Bank Ltd. as its Chief Executive Officer. He has widely traveled to various parts of Nepal and the world. He has organized, participated, presented technical papers, chaired and commented technical sessions of various international and local professional workshop, seminar, conferences. He is also a good writer and has been contributing thought provoking articles in professional journals. Mr. Sher Afgan Malik President The Institute of Cost and Management Accountants of Pakistan Address: ST-18/C, Block-6, Gulshan-e-Iqbal,Karachi – 75300,Pakistan Phone: Email:president@icmap.com.pk Mr. Sher Afgan Malik is the President of Institute of Cost and Management Accountants of Pakistan for the term 2006-2008. Mr. Malik has previously served the Institute as President and member National Council during 2003-2005. He is Cost & Management Accountant by profession. Currently he is serving as Managing Director International Spectrum Development Inc. and Director Adept (Pvt) Limited. Previously,he was Managing Director of Pakistan International Airlines Corporation (PIAC), Member Karachi Stock Exchange (Guarantee) Ltd. and Member Board of Governors of Pakistan Institute of Corporate Governance. Prior to that Mr. Malik has worked as Chief Executive in various other important companies in Saudi Arabia, U.S.A; and U.A.E. Mr. Imran Afzal President The Institute of Cost and Management Accountants of Pakistan Tel: +92 427590214 Cell: +92 300 8443707 Email: i.afzal@lhr.aasr.com.pk Mr Imran Afzal, FCA, has been elected as the President of the Institute of the Chartered Accountants of Pakistan (ICAP) for the year 2007-08.  Mr Afzal, a business graduate of the Punjab University of Pakistan, served his articles with PWC Pakistan and qualified as a Chartered Accountant from the Institute of the Chartered Accountants of Pakistan (ICAP) in 1986. He joined Anjum Asim Shahid Rahman, the member firm of Grant Thornton in Pakistan in 1999 as a Partner continuing to this date in the senior position with specialization in corporate taxation. Mr Afzal continues to be actively involved in the accounting profession in Pakistan and the region. He served as a member of the Council of the Institute of Chartered Accountants of Pakistan in 2001-2004 including appointment as the Vice President of the Institute for the period 2003-2004. On his reelection to the Executive Council for the subsequent 4-year term of 2005-2008, he has held office for Vice President for 2005-2006 and is now appointed President. He has also served on various standing Committees of the Council including Examination Committee, Executive Committee, Investigation Committee as well as being the Chairman of the Accounting and Auditing Standards Committee (North) and Chairman of the Technical Advisory Committee (North) at different periods.  He also represents ICAP on the Confederation of Asian Pacific Accountants (CAPA) Forum and also continues to be a member of the Lahore Tax Bar Association of which he was President during 1999-2000. Mr. Yohan Perera President SAFA The Institute of Chartered Accountants of Sri Lanka Address: 30A, Malasekera Mawatha, Colombo – 7,Sri Lanka Phone: Email:nishan@eodel.com Mr Yohan Perera is the President of the Institute of Chartered Accountants of Sri Lanka (ICASL) for the years 2006 and 2007. He is a Partner of KPMG FordRhodes Thornton & Co. since 1990. He is a fellow member of the ICASL (FCA) and the Chartered Institute of Management (FCMA). He was elected to the Council of the Institute in December 1999 and served as Vice President during 2003. He has served as the Chairman of the Best Annual Report Awards Committee, Examinations Committee and the Urgent Issues Task Force of the Institute. Apart from SAFA, Mr Yohan Perera is also a member of CAPA Board, a regional accountancy organisation that represents 31 accountancy organisations in 21 countries in the Asia/Pacific Region . Top

Assembly Meetings S.No. Meeting Date(s) Venue 1. 64th 15th January 2007 Colombo, Sri Lanka 2. 63rd 18th December 2006 Kathmandu, Nepal 3. 62nd 1st October 2006 Chennai, India 4. 61st 15th July 2006 Dhaka, Bangladesh 5. 60th 18th April 2006 Karachi, Pakistan 6. 59th 28th December 2005 Kathmandu, Nepal 7. 58th 3rd September 2005 New Delhi, India 8. 57th 8th May 2005 Karachi, Pakistan 9. 56th 5th December 2004 Colombo, Sri Lanka 10. 55th 26th-27th August 2004 New Delhi, India 11. 54th 17th July 2004 Kathmandu, Nepal 12. 53rd 11th March 2004 Jaipur, India 13. 52nd 17th January 2004 Lahore, Pakistan 14. 51st 11th October 2003 Kathmandu, Nepal 15. 50th 5th-6th July 2003 Colombo, Sri Lanka 16. 49th 2nd May 2003 Karachi, Pakistan 17. 48th 2nd January 2003 Delhi, India 18. 47th 26th May 2002 Mumbai, India 19. 46th 22nd December 2001 Goa, India 20. 45th 14th July 2001 Kandy, Sri Lanka 21. 44th 3rd March 2001 Mussorie, India 22. 43rd 13th-14th Nov 2000 Lahore, Pakistan 23. 42nd 3rd August 2000 Colombo, Sri Lanka 24. 41st 6th May 2000 Dhaka, Bangladesh 25. 40th 24th January 2000 Colombo, Sri Lanka 26. 39th 3rd December 1999 Kathmandu, Nepal 27. 38th 20th September 1999 Islamabad, Pakistan 28. 37th 20th April 1999 Chennai, India 29. 36th 21st February 1999 Colombo, Sri Lanka 30. 35th 3rd December 1998 Calcutta, India 31. 34th 2nd August 1998 Dhaka, Bangladesh 32. 33rd 3rd May 1998 Colombo, Sri Lanka 33. 32nd 29th November 1997 Lahore, Pakistan 34. 31st 13th December 1996 Colombo, Sri Lanka 35. 30th 3rd June 1996 Calcutta, India 36. 29th 25th April 1996 Burban, Pakistan 37. 28th 10th January 1996 Vishakapatnam, India 38. 27th 20th November 1995 New Delhi, India 39. 26th 4th July 1995 Colombo, Sri Lanka 40. 25th 20th March 1995 Dhaka, Bangladesh 41. 24th 11th October 1994 Colombo, Sri Lanka 42. 23rd 14th May 1994 Kathmandu, Nepal 43. 22nd 10th January 1994 Karachi, Pakistan 44. 21st 20th October 1993 Chitangong, Bangladesh 45. 20th 14th January 1993 Colombo, Sri Lanka 46. 19th 19th November 1992 Lahore, Pakistan 47. 18th 27th June 1992 Kathmandu, Nepal 48. 17th 27th February 1992 Madras, India 49. 16th 28th November 1991 Dhaka, Bangladesh 50. 15th 9th August 1991 Colombo, Sri Lanka 51. 14th 16th January 1991 Dhaka, Bangladesh 52. 13th 9th October1990 Lahore, Pakistan 53. 12th 3rd June 1990 Kathmandu, Nepal 54. 11th 25th-26th December1989 New Delhi, India 55. 10th 20th May 1989 Islamabad, Pakistan 56. 9th 25th January 1989 Bombay, India 57. 8th 26th October 1988 Kathmandu, Nepal 58. 7th 31st May 1988 Dhaka, Bangladesh 59. 6th 5th December 1987 Colombo, Sri Lanka 60. 5th 14th March 1987 Karachi, Pakistan 61. 4th 17th December 1986 Calcutta, India 62. 3rd 25th July 1986 Dhaka, Bangladesh 63. 2nd 3rd-4th December 1985 Colombo, Sri Lanka 64. 1st 13-14th May 1985 Karachi, Pakistan Top