The Institute of Chartered Accountants of India (ICAI) notified the Jammu and Kashmir Branch of NIRC of ICAI to function in supervision and direction of the Northern India Regional Council.
The Council of the Institute of Chartered Accountants of India vide notification no 28-RC(5)/7/87 dated 24th August, 1987 had set up a Branch of the Northern India Regional Council for the State of Jammu and Kashmir at Jammu with effect from 18th July, 1987 which was named as “Jammu Branch of NIRC of ICAI”
The Government of India has bifurcated the State of Jammu and Kashmir into two Union Territories, namely, Union Territory of Ladakh and Union Territory of Jammu and Kashmir with effect from 31st October, 2019.
“Therefore, in partial modification of the notification no. 28-RC(5)/7/87 dated 24th August, 1987, it is hereby notified that the name of the “Jammu Branch of NIRC of ICAI” has been changed and the same shall now be known as “ Jammu and Kashmir Branch of NIRC of ICAI”. The jurisdiction of Jammu and Kashmir Branch shall now cover all members and students within the jurisdiction of Union Territory of Jammu and Kashmir,” the ICAI in the notification said.
As prescribed under Regulation 159 (3), Jammu and Kashmir Branch shall function subject to the control, supervision and direction of the Council through the Northern India Regional Council and shall carry out such directions as may, from time to time, be issued by the Council.
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