The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, for regulation and development of the profession of Chartered Accountants in India. ICAI functions under the administrative control of the Ministry of Corporate Affairs, Government of India. Recognized as one of the largest professional bodies of Chartered Accountants globally, ICAI is renowned for its commitment to technical excellence, ethical standards and rigorous education and examination systems.
Over the decades, ICAI has witnessed remarkable growth in its membership and student base. With a robust network of regional councils, branches and overseas chapters, the Institute plays a pivotal role in capacity building, international outreach and the continuous professional development of its members. It remains dedicated to upholding the highest standards in education, training and professional ethics, thereby reinforcing its global reputation and leadership in the accountancy profession.
About Insolvency & Valuation Standards Board
The Insolvency & Valuation Standards Board (I&VSB) of the Institute of Chartered Accountants of India (ICAI) was constituted in the year 2024–25 with the objective of empowering the profession and promoting a fair and robust corporate regime. The Board is committed to aligning practices in insolvency and valuation with globally accepted benchmarks and fostering high-quality professional standards.
The Board continues to focus on strengthening the framework for formulation, implementation and wider recognition of the ICAI Valuation Standards, 2018. Through these efforts, it seeks to enhance professional competence and credibility in valuation practices across sectors.
The I&VSB plays a pivotal role in contributing to financial discipline and market confidence by developing and advocating transparent, consistent and principle-based standards in the domains of insolvency and valuation.
About Indian Institute of Insolvency Professionals of ICAI (IIIPI)
The Indian Institute of Insolvency Professionals of ICAI (IIIPI) is a Company formed by ICAI as per Section 8 of the Companies Act 2013, to enrol and regulate insolvency professionals as its members in accordance with Insolvency and Bankruptcy Code, 2016 (IBC). Today it is the largest IPA, enrolling nearly two-thirds of the nation’s insolvency professionals from diverse fields.
As a front-line regulator, IIIPI plays a pivotal role in strengthening the insolvency and bankruptcy framework by regulating professionals, upholding standards, and fostering knowledge and capacity building among stakeholders.
About ICAI Registered Valuers Organisation (ICAI RVO)
The ICAI Registered Valuers Organisation (ICAI RVO) is a Section 8 Company formed by the Institute of Chartered Accountants of India. It is established under the Companies (Registered Valuers and Valuation) Rules, 2017 to enrol and regulate registered valuers.
As a front-line regulator, ICAI RVO is committed to upholding high ethical and professional standards, ensuring compliance with statutory requirements, and fostering fair and transparent practices. It plays a vital role in developing the valuation profession by promoting continuous professional education, strengthening regulations, and maintaining accountability to the Authority.
About WIRC of ICAI
The Western India Regional Council (WIRC of ICAI) which is located at Mumbai is the largest Regional Council of Institute of Chartered Accountants of India amongst the Five Regional Councils, catering to the membership of more than 1,16,000 Chartered Accountants and about 2,25,000 CA students, spread across the network of 35 branches in the three States — the Maharashtra, Gujarat, Goa and the Union Territories of Daman, Diu, Dadra & Nagar Haveli. These CA members are either in practice or in business or holding eminent positions in various industries as well as Government Organizations spread across the Region.
WIRC of ICAI has always been in the forefront in organizing conferences, seminars, workshop and webinars which are important tools for the propagation of relevant information and dissemination of knowledge. WIRC of ICAI also make representations on the practice of various laws through Central Committees or directly to the respective offices of State Governments of Maharashtra, Gujarat, Goa and the Union Territories. It also organises various programmes for the benefit of the public at large.