What is the Legal status of ICAI?
I know it is a statutory body established under an Act of Parliament.
But still there should be some other law governing it.
CA Annie
(Chartered Accountant )
(747 Points)
Replied 18 November 2008
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India.
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