The Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICoAI) have had inconclusive deliberations regarding a framework for allowing Multi-Disciplinary Partnerships (MDPs) amongst its members. Efforts to popularize the concept of MDPs will be, therefore, at this stage be pre-mature.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.

Multi-Disciplinary Partnerships remain premature as professional institutes' deliberations on a regulatory framework were inconclusive for adoption. Deliberations among the three national professional institutes on permitting Multi-Disciplinary Partnerships are inconclusive, and active promotion of MDPs is premature pending consensus on a regulatory framework, eligibility, scope and governance mechanisms; this position was communicated by the minister in response to a parliamentary question.