The Institute of Chartered Accountants of India (ICAI) has greater than 4 lakh members and eight.5 lakh college students. (Representative picture)
It would be the first time that an abroad chartered accountant might be allowed to observe in India.
Chartered accountants from the UK and Canada could be allowed to observe in India on a reciprocal foundation, with the apex physique ICAI proposing the federal government.
ICAI President Ranjeet Kumar Agarwal on Wednesday stated the proposal might be carried out strictly on the reciprocal foundation that chartered accountants from India will even be allowed to observe within the United Kingdom and Canada.
“There is a huge demand for chartered accountants from India,” information company PTI quoted Agarwal as saying.
It would be the first time that an abroad chartered accountant might be allowed to observe in India.
The proposal is a part of India’s ongoing negotiations for Free Trade Agreements (FTAs) with the UK and Canada.
Agarwal additionally stated {that a} related association is being checked out with Australia.
Once the reciprocal system is carried out, the chartered accountants from the overseas international locations must be registered with the ICAI, which might be regulating them.
The Institute of Chartered Accountants of India (ICAI) has greater than 4 lakh members and eight.5 lakh college students.
Currently, round 42,000 chartered accountants from India are working abroad.
(With PTI inputs)
