In pursuance of the Regulation 159 1A of the Chartered Accountants Regulations, 1988, the Council

## Report on Notification Regarding the Establishment of a Branch of the Institute of Chartered Accountants of India **1. Executive Summary:** This report analyzes a notification from the Institute of Chartered Accountants of India (ICAI) regarding the establishment of a new branch of the Central India Regional Council (CIRC) in Hanumangarh District, Rajasthan. The core purpose is to officially announce and define the establishment, jurisdiction, and operational oversight of this new branch. Key findings include the branch's geographical scope, its designated headquarters, and its adherence to ICAI's governance structure via the CIRC. **2. Introduction:** This report aims to provide a detailed overview of the ICAI notification concerning the establishment of a branch in Hanumangarh District, Rajasthan. The analysis is based solely on the information provided in the given notification text. **3. Policy Overview:** * This is a new policy establishing a new branch, not an amendment. * **Core Objective(s):** The core objective, as inferred from the provided text, is to extend the reach and services of the ICAI to the Hanumangarh District region by establishing a physical presence in the form of a branch office. **4. Background and Rationale:** Since this is a new policy, the likely problem/issue it addresses is a lack of sufficient access to ICAI resources and services for members and stakeholders within the Hanumangarh District. Establishing a local branch likely aims to improve accessibility, facilitate professional development, and enhance the ICAI's presence in the region. **5. Key Provisions / Changes:** As this is a new policy establishing a branch, the main provisions are as follows: * **Establishment of a Branch:** The ICAI formally announces the establishment of a branch of the Central India Regional Council in Hanumangarh District, Rajasthan, effective from May 20, 2022. * **Branch Name and Headquarters:** The branch will be known as "Hanumangarh District Branch, of Central India Regional Council," and its headquarters will be located in Hanumangarh District. * **Jurisdiction:** The branch's jurisdiction covers the entire Hanumangarh District, specifically including the places: Norhar, Bhadra, Pilibanga, Rawatsar, Sangeria, and Tibbi. * **Operational Control:** The branch will function under the control, supervision, and directions of the ICAI Council through the Central India Regional Council. The branch is required to carry out any directions issued by the Council. **6. Target Audience and Stakeholders:** The target audience and stakeholders directly affected by this policy include: * Chartered Accountants residing or practicing in the Hanumangarh District. * Students pursuing chartered accountancy in the Hanumangarh District. * Businesses and organizations operating within the Hanumangarh District that require the services of chartered accountants. * The Central India Regional Council (CIRC) of the ICAI. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies:** The Institute of Chartered Accountants of India (ICAI) and the Central India Regional Council (CIRC) are the responsible bodies. The branch itself will also be responsible for implementation within its jurisdiction. * **Timelines or procedures:** The notification states the effective date of establishment as May 20, 2022. Specific procedures for the branch's operation will be determined by the ICAI Council and communicated through the CIRC. **8. Expected Outcomes / Impact of Changes:** The likely intended outcomes of establishing the Hanumangarh District Branch include: * Improved access to ICAI resources and services for members and students in the district. * Increased opportunities for professional development and networking for chartered accountants in the region. * Enhanced visibility and recognition of the ICAI within the Hanumangarh District. * More effective regulation and oversight of the profession in the region. * Greater support for businesses and organizations in the Hanumangarh District through readily available access to chartered accountants. **9. Conclusion:** The ICAI notification regarding the establishment of a branch in Hanumangarh District signifies a strategic move to extend its reach and services to a specific geographical area. The creation of this branch aims to provide better support to its members, students, and the business community within the Hanumangarh District, ultimately strengthening the ICAI's presence and impact in the region.

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