The Institute of Chartered Accountants of India (ICAI) is the premier professional accounting body of the country, established in 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 Chartered Accountants Act 1949, as amended by the Chartered Accountants (Amendment) Act 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.
The Institute has its headquarters at New Delhi. In addition, it has five Regional Councils located in Mumbai, Chennai , Kolkata , Kanpur and New Delhi and is at present having 116 Branches spread all over the country . The respective Regional Councils are named as Western India Regional Council, Southern India Regional Council, Eastern India Regional Council, Central India Regional Council, and Northern India Regional Council. The Institute has also set up 18 chapters outside India in Abu Dhabi, Bahrain, Botswana, Doha, Dubai, Indonesia, Jeddah, Kuwait, London, Nairobi, Nigeria, Riyadh, Saudi Arabia and Zambia etc.
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. Board of Studies of the Institute imparts theoretical education to students of C.A. as well as to the students who prepare for entry level test called Common Proficiency Test. It also gives continuing Professional Education (CPE) to members through various regional and national programmes like Seminar, Workshops, and Conferences etc.