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Company Formation In India, the profession of chartered accountancy is regulated by the Institute of Chartered Accountants of India which was established by Parliament under the Chartered Accountants Act of 1949.

Mumbai Chartered Accountants India Since then, the term Chartered Accountant has been used in place of Indian Registered Accountant. Prior to 1949, Restricted State Auditors were registered with the respective princely states and British provincial State Governments.

However, now, the Restricted State Auditors have become redundant. India Accounting Firms India Associate member of the ICAI and continues to keep the membership alive through yearly payment of prescribed fees in only entitled to use the designation of Chartered Accountant along his name and also use the designatory letters as CA.

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