The Institute of Chartered Accountants of India (ICAI) has issued global networking guidelines to foster the growth of domestic accountancy practices, reported the Press Trust of India (PTI).
The guidelines will also allow local chartered accountancy companies to partner with international networks.
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Additionally, it places the Indian operations of “global networks of chartered accountants (or their equivalents in other jurisdictions)” under the ICAI’s regulatory purview.
The move comes amid broader government efforts to develop sizeable Indian accounting practices that can serve the needs of a rapidly expanding economy and operate at a scale comparable with major global companies.
ICAI president Prasanna Kumar D said the guidelines have now been notified, and clarified that any overseas network seeking collaboration with Indian chartered accountancy practices must register with the institute.
In the notification, the ICAI said it was necessary to establish an enabling framework in India “to develop professional networks for the chartered accountancy profession”.
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By GlobalDataIt further noted that the intent is to augment and strengthen the professional avenues in the emerging trade order “domestically and internationally for domestic entities registered with ICAI; by enabling a level playing field to foster culture of innovation and competition’”.
According to the institute, the guidelines are expected to support capacity building among domestic companies registered with the ICAI.
Earlier this month, the ICAI elected Prasanna Kumar, a chartered accountant since 1984 and a fellow member of the institute, as its 74th president for the 2026–27 council year. The ICAI has more than 500,000 members.
