ICAI successfully Concludes 26th Council and 25th Regional Councils Elections

• 32 Central Council Members & 64 Regional Council Members, elected through a preferential voting process
• The New Council Term will be effective from Feb 12th, 2025

The Institute of Chartered Accountants of India (ICAI) successfully conducted elections for its 26th Council and 25th Regional Councils on December 6th and 7th, 2024.

A total of 81 candidates competed for 32 Central Council seats across five regions, with the following representation in the 26th Council:

• Western India Regional Council (WIRC): 11 members
• Southern India Regional Council (SIRC): 7 members
• Central India Regional Council (CIRC): 6 members
• Northern India Regional Council (NIRC): 6 members
• Eastern India Regional Council (EIRC): 2 members

In the Regional Council elections, 158 candidates contested for 64 seats distributed as follows:

• WIRC: 21 seats
• SIRC: 14 seats
• CIRC: 12 seats
• NIRC: 12 seats
• EIRC: 5 seats

The newly elected Council will commence its four-year term on February 12, 2025.

On the occasion, CA. Ranjeet Kumar Agarwal, President ICAI, said, “I commend the Returning Officer and his dedicated team for their exemplary efforts in ensuring the smooth and efficient conduct of elections across the country. The election saw participation of approx. 1,64,500 of eligible members voting for shaping the future of the accounting profession in India. I extend my best wishes to the newly elected members of the Council and Regional Councils and look forward to their contributions in taking ICAI to newer heights.”

CA. (Dr.) Jai Kumar Batra, Returning Officer and Secretary, ICAI said “The Central Council is a vital body of key members representing over 4.26 lakh Chartered Accountants across various platforms, and it is responsible for making strategic decisions aligned with the ICAI’s vision, goals, and policies. Therefore, ensuring a fair and transparent election process for the ICAI is critical. For smooth conduct of election 946 polling booths were established across India. A provision of postal voting and anywhere voting was also arranged to ensure convenience and participation of the voters”

The affairs of the ICAI are governed by a Council consisting of 40 members, in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. Out of these 40 members, 32 are elected by the Chartered Accountants and 8 are nominated by the Central Government, representing various governmental bodies including Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders