INSTITUTE OF CHARTERED ACCOUNTANTS
OF INDIA
The Institute of Chartered Accountants of India (ICAI) is a premier professional accountancy body of the country, established in July, 1949 under the Chartered Accountants Act, 1949, enacted by the Parliament to regulate the profession of Chartered Accountancy in India. The Institute is governed by a Council in accordance with provisions of the Chartere
d Accountants Act, 1949 as amended by the Chartered Accountants (Amendment) Act, 2006 (No.9 of 2006) and the Chartered Accountants Regulations, 1988. The Council consists of 40 members of whom 32 are elected from among the members of the Institute and 8 are nominated by the Government of India. In addition, it has five Regional Councils located in MUMBAIi, CHENNAI, KOLKATA, KANPUR and NEW DELHI and 117 Branches spread all over the country. The Institute has also 20 Chapters outside India located in Abu Dhabi, Bahrain, Botswana, Doha, Dubai, Indonesia, Jeddah, Kuwait, London, Melbourne, Muscat, Nairobi, New York, Nigeria, Port Moresby, Riyadh, Saudi Arabia, Sydney, Toronto and Zambia. The Institute is actively engaged in imparting education and training to the students and conducts examinations for them and grants membership to successful candidates and certificates of practice to members intending to practice the profession. Board of Studies of the Institute imparts theoretical education to students of the chartered accountancy course as well as to the students who prepare for entry level test called Common Proficiency Test.
