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of <h1>ICAI Amends Regulations to Allow Chartered Accountants to Form Multidisciplinary Partnership Firms with Diverse Professionals.</h1> The Institute of Chartered Accountants of India has amended the Chartered Accountants Regulations, 1988, allowing chartered accountants to form multidisciplinary partnership firms. This follows the Chartered Accountants (Amendment) Act, 2006, which permitted such partnerships. The new regulations specify qualifications for partners eligible to share profits with chartered accountants, including company secretaries, cost accountants, actuaries, engineers, architects, lawyers, and MBA graduates. These individuals must be members of their respective professional bodies or institutions recognized by law. The amendments aim to broaden the scope of professional collaboration within the accounting field.
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