The Institute of Chartered Accountants of India (ICAI) has announced the establishment of a new branch in Gandhinagar, Gujarat, which will be known as the Gandhinagar Branch of Western India Regional Council. This decision has been made in accordance with Regulation 159(1) of the Chartered Accountants Regulations, 1988, and is effective from March 23, 2023.
ICAI Notification dated 29/03/2023: New Branch in Gandhinagar, Gujarat (WIRC)
The Headquarter and Jurisdiction of the Branch
The headquarter of the Gandhinagar Branch of Western India Regional Council shall be situated in Gandhinagar, Gujarat, and its jurisdiction will include the following 16 cities/towns located within a radius of 50 kilometers from the municipal limits of Gandhinagar:
i) Gandhinagar;
ii) Dehgam;
iii) Kadi;
iv) Kalal;
v) Mansa;
vi) Mehsana;
vii) Vijapur (GJX);
viii) AdalaJ;
ix) Chhatral;
x) Chhatral (INA);
xi) Chiloda (Naroda);
xii) Mahudi;
xiii) Punadra
xiv) Saij;
xv) Himatnagar; and
xvi) Visnagar.
Functions of the Branch
As per sub-regulation (3) of Regulation 159, the Gandhinagar Branch of Western India Regional Council shall function subject to the control, supervision, and directions of the Council through Western India Regional Council. The Branch shall carry out the directions issued by the Council from time to time.
Importance of the New Branch
The establishment of a new branch in Gandhinagar is significant for the region and its residents. The presence of a local branch of the ICAI will provide easy access to the resources and expertise of the Institute, which is crucial for the growth and development of the accounting profession in the region. The branch will help in catering to the increasing demand for chartered accountants and provide opportunities for professionals to enhance their skills and knowledge.
Moreover, the establishment of a new branch will also help in promoting and encouraging the accounting profession among the youth of the region. The branch will provide a platform for aspiring professionals to get exposure to the accounting profession and help them build a successful career in the field.
Conclusion
The establishment of a new branch of the Western India Regional Council in Gandhinagar is a significant step taken by the Institute of Chartered Accountants of India. The new branch will provide easy access to the resources and expertise of the Institute, help in catering to the increasing demand for chartered accountants, and promote the accounting profession in the region. It is a positive development for the accounting profession in the region and will contribute to its growth and development.