The Institute of Chartered Accountants of India (ICAI) today elected Naveen N D Gupta as president and Prafulla P Chhajed as vice president for the year 2018-19, according to an official release. Gupta, who has been a chartered accountant for more than 20 years, is widely commended for his role in making the income disclosure Scheme, 2016 a success.
He was the ICAI vice president in 2017-2018. He represents ICAI in many important committees constituted by the government and regulators. Chhajed is a CA from Mumbai with over 20 years of experience in auditing and taxation. A statutory body, the affairs of ICAI are managed by a council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The council is composed of 40 members, of whom 32 are elected by the members and remaining 8 are nominated by the central government generally representing the Comptroller and Auditor General of India, corporate affairs ministry, finance ministry and other stakeholders.