M Devaraja Reddy elected as ICAI President
Devaraja Reddy has been elected as President of The Institute of Chartered Accountants of India (ICAI).
He will have tenure of one year of ICAI which is an apex body of Indian Chartered Accountant. Prior to this appointment, he was Vice President of ICAI for the Council Year 2015-16. He is chartered accountant from past 28 years.
About Institute of Chartered Accountants of India (ICAI)
- ICAI is a statutory body for the regulation of the profession of Chartered Accountants in India. It has been established under the Chartered Accountants Act, 1949.
- The Council of ICAI manages its affairs in accordance with the provisions of the Chartered Accountants Regulations, 1988 and Chartered Accountants Act, 1949.
- The Council is composed of total 40 members of whom 32 are elected by the members and remaining 8 are nominated by the Union Government.
- Generally, Union Government members are representing the Comptroller and Auditor General of India (CAGI), Ministry of Finance, Ministry of Corporate Affairs and other stakeholders.