Current central council today elected CA Jaydeep Narendra Shah as new President of ICAI. He come in place of CA G Ramaswamy who's tenure as President ended today. However, CA G Ramaswamy will continue to be in ICAI's current central council till 2013.

CA Jaydeep Narendra Shah was Vice-President of the Institute of Chartered Accountants of India. He was a Central Council Member and was re-elected to the Central Council of ICAI for the third term for the period from 2010 to 2013 after completion of 1st term from 2004-2007 and current 2nd term from 2007-2010.