The Professional Development Committee (PDC) of the Institute of Chartered Accountants of India (ICAI) has announced a key decision taken by the ICAI Council regarding participation in tenders by chartered accountants and CA firms.
According to an announcement dated 2 July 2026, the Council has decided that cases where a member or firm quotes an extremely low professional fee that is not commensurate with the nature and scope of the assignment may be referred to the Director (Discipline) for appropriate action.
Official copy of the notification is as follows
Professional Development Committee
The Institute of Chartered Accountants of India
ANNOUNCEMENT
Decision taken by the Council regarding tenders
The Council of ICAI has decided that wherever the fee quoted by the member or the firm is extremely low and is not commensurate with the size, value, volume, manpower requirement and nature of work, the matter can be referred to the Director (Discipline) for appropriate action. This decision shall stand whether or not the tender is issued in the area of service exclusively reserved for chartered accountants.
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