CAs from UK, Canada may be allowed to practise in India : The Tribune India

Join Whatsapp Channel

CAs from UK, Canada may be allowed to practise in India

It will be on reciprocal basis, proposal sent to govt, says ICAI

CAs from UK, Canada may be allowed to practise in India


NEW DELHI, February 21

Chartered accountants (CAs) from the UK and Canada might be allowed to practise in India on a reciprocal basis, with the apex body ICAI making the proposal to the government.

ICAI President Ranjeet Kumar Agarwal on Wednesday said the proposal would be implemented strictly on the reciprocal basis that CAs from India will also be allowed to practise in the United Kingdom and Canada. It will be the first time that an overseas CA will be allowed to practise in India.

The proposal is part of India's ongoing negotiations for Free Trade Agreements (FTAs) with the UK and Canada.

Agarwal also said a similar arrangement is being looked at with Australia. Once the reciprocal system is implemented, the CAs from the foreign countries will have to be registered with the ICAI, which will be regulating them.

“It will be on a reciprocal basis and not on standalone basis. If they agree, it will be a win-win for both countries... we are very much hopeful...in the UK, there is an ageing population and most of the work has shifted from the UK to India...,” Agarwal, who took over as the President of the Institute of Chartered Accountants of India (ICAI) on February 12, said.

To a query about what could be the impact of CAs from foreign countries practising in India, he said, India is a developing country and they are developed countries, referring to the UK, Canada and Australia. “It will be in our interest because our members can go there...,” he added.

He emphasised that Indian CAs because of their capabilities and expertise are in huge demand outside. — PTI

Talks on with Aus too

A similar arrangement is being looked at with Australia. Once the reciprocal system is implemented, CAs from the foreign countries will have to be registered with the ICAI, which will be regulating them. — Ranjeet Kumar Agarwal, ICAI president

#Canada


Top News

TMC manifesto promises several welfare measures, repeal of CAA

Trinamool Congress releases Lok Sabha poll manifesto; promises several welfare measures, repeal of CAA

The party also promised to provide ration at doorstep and 10...

US reacts to PM Modi's 'killing terrorists in their homes' remark

US reacts to PM Modi's 'killing terrorists in their homes' remark

In an interview, Rajnath Singh said if Pakistan's intention ...

Campaigning ends for first phase of Lok Sabha elections in 102 seats

Lok Sabha election: Campaigning ends for 102 seats going to polls in first phase on April 19

In 2019, the UPA had won 45 of these 102 seats and the NDA 4...

10 killed as car rams into truck on Ahmedabad-Vadodara Expressway near Nadiad

10 killed as car rams into truck on Ahmedabad-Vadodara Expressway near Nadiad

Nadiad MLA Pankaj Desai said it is possible that the truck s...


Cities

View All