ICAI elects new torchbearers
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The council is composed of 40 members of whom 32 are elected by the members and remaining 8 are nominated by the Centre. On February 12, 2018, ICAI elected its new torchbearers CA Naveen ND Gupta as the president and CA Prafulla P Chhajed as the vice-president for year 2018-19.
Gupta is a man of wisdom, vision and strong organisational skills with a firm belief in inclusive growth of accountancy profession, With 22 years of standing he is widely commended for his role in making the Income Disclosure Scheme, 2016 a success. With focus on innovation and niche enablement, he intends to position CA profession as aiding and upholding public interest by enhanced focus on Quality Assurance framework, calibrating Regulation with development and leveraging digital technology to turn disruptions arising out of changing paradigm of businesses to niche empowerment.
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