Member Parliament Ladakh, Jamyang Tsering Namgyal inaugurated the newly constructed representative office of the Institute of Chartered Accountants of India (ICAI) in presence of Joint Secretary ICAI, Neeraj Srivastava on November 17 at Eliezer Joldan Memorial (EJM) College, Leh.

Secretary ICAI, Rakesh Sehgal; Principal EJM College, Deskong Namgail; CAs, Centre and Regional Council members joined the inaugural occasion through video conference. 

Jamyang Tsering Namgyal congratulated the team of ICAI for achieving the milestone of having its own representative office for aspirants of Chartered Accountants in Ladakh. He further appreciated the team of ICAI for their role in the set-up of the representative office in the newly created Union Territory. 

He expressed his hope to extend this representative office towards the Ladakh branch in the coming years and also described the role of ICAI in nation building and importance of Chartered Accountants in changing the economic scenario of Ladakh. 

He further expressed his gratitude to the President, Vice President and all the members of ICAI towards their contribution in expanding this profession in Ladakh. Keeping in view the rapid growth in Ladakh’s economy, MP Namgyal stated that Chartered Accountants play an important role in the economy like Capital budgeting, Budget forecasting, Financing and other activities.  

MP Ladakh stated that by opening up the office in Ladakh, the Chartered Accountancy Course, one among the most economical courses, will be provided to the interested candidates at minimum fees. He further informed  that ICIA will provide this four-year course to the candidates at 75% discounted rate and only 25 % will be charged from the students/candidates. 

Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India which was established in July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament to regulate the profession of Chartered Accountancy in India.

Joint Secretary Srivastava also stated that the ICAI office will act as a facilitation centre to spread awareness about Chartered Accountancy courses as a tool for social empowerment and provide much needed professional employment opportunities among the youth.