The Institute of Chartered Accountants of India (ICAI) is a Statutory body established on 1st July, 1949 by The Chartered Accountants Act,1949 for regulating the profession of Chartered Accountancy in the Country. The Institute functions under the administrative control of the Ministry of Corporate Affairs, Government of India. ICAI has 5 Regional Councils, 164 Branches covering the length and breadth of the country and 34 Chapters abroad. ICAI has grown to cross the mark of 3,00,000 members and more than 6,75,000 active students. It is the premier Accounting Body in the country and the second largest in the World.
ICAI is managed by a Council consisting of 40 Members out of whom 32 Members are elected by Chartered Accountants and 8 Members nominated by the Government of India. ICAI is responsible for administering the CA education and training and also all activities relating to CA Students.