The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by the Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council is composed of 40 members of whom 32 are elected by the members and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders. 

On February 12, 2017, ICAI elected its new torch-bearers CA. Nilesh Shivji Vikamsey as the President and CA. Naveen N.D.Gupta as the Vice-President for year 2017-18.

A person of professional vigour, high integrity and technical expertise, CA. Nilesh Shivji Vikamsey has been elected as new President of The Institute of Chartered Accountants of India (ICAI) on February 12, 2017 by its 23rd Council, for the term 2017-18. A resident of Mumbai, he has been a member of the ICAI since 1985.While serving the ICAI Council as a member since 2010 and then as Vice-President of the Institute in 2016-17, he has proven his strength as a formidable professional. Having gained deep insights into the profession as a fellow member of the ICAI with more than 30 years of impeccable professional standing, he is widely commended and credited for his key role in contributing towards inclusive as well as exclusive growth of Indian Accountancy profession.

A blend of intellect, experience, foresight, technical expertise and professional excellence , CA. Naveen N.D. Gupta has been elected as new Vice-President of The Institute of Chartered Accountants of India (ICAI) on February 12, 2017 by its 23rd Council for the term 2017-18.A Fellow Chartered Accountant with over 20 years of experience in auditing, banking & finance, he is a prolific speaker at national and international forum. He has vast experience of handling intricate taxation, accounting, auditing, corporate governance and finance matters. An altruistic hard-worker bestowed with exceptional organisational, administrative and leadership skills, he has been serving as a Central Council member since 2010.