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The Institute of Chartered Accountants of India (ICAI) has issued an Extraordinary Gazette Notification announcing the removal of a large number of members from its register for failure to pay the prescribed membership fees. The notification was published in the Gazette of India under Part III-Section 4 and released on April 24, 2026. The action has been taken under Section 20(1)(c) of the Chartered Accountants Act, 1949 read with Regulation 18 of the Chartered Accountants Regulations, 1988. Ac
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FAQ :
ICAI has taken disciplinary action by removing members from its register because they failed to pay their prescribed membership fees within the required period.
The removal of the affected members from the ICAI register took effect from November 1, 2023.
The official notification was published in the Gazette of India, Part III-Section 4, as an Extraordinary Gazette Notification.
Members removed from the ICAI register lose their entitlement to practice as Chartered Accountants, are restricted from signing audit reports and certifications, and may not represent themselves as ICAI members.
Yes, members whose names have been removed may follow ICAI's prescribed restoration procedure, which typically involves paying pending dues and applicable restoration fees, subject to ICAI rules and approval.
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