The modalities of setting up Multi-Disciplinary Partnership (MDPs) of their members are under discussion amongst the Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICAoI).

The councils of the three Professional Institutes are yet to take a final decision in the matter.

MDPs are, in principle, not limited to the three aforesaid Institutes.

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

Multi-Disciplinary Partnership firms under deliberation by major professional institutes; councils yet to finalise modalities for members. Deliberations concern establishment modalities for Multi-Disciplinary Partnership firms among the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India, and the Institute of Cost Accountants of India. The respective councils have not taken a final decision, and the position was stated in a written parliamentary reply that MDPs are not limited to these three institutes.