Dear Member,
Notification of “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024”
In order to keep pace with the operating environment, the Committee for Aggregation of CA Firms (CACAF) of ICAI has revised “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” and the same were approved by the Council at its 432nd meeting held during 2nd-3rd July 2024. The said guidelines have been notified in the Gazette of India.
The revised guidelines aim to encourage firms to explore strategic mergers which can significantly enhance their market presence, operational efficiency, among others.
The Guidelines are issued under Section 15(2) (fa) of the ‘Chartered Accountants Act 1949 [as amended by the Chartered Accountants, the Cost and Work Accountants and the Company Secretaries (Amendment) Act as amended by the Chartered Accountants (Amendment) Act, 2022 (No. 12 of 22)] are effective from the date of its notification.
The downloadable version of the “ICAI (Merger and Demerger of CA Firms) Guidelines, 2024” is available at https://resource.cdn.icai.
Best Wishes,
| Chairman, Committee for Aggregation of CA Firms |