Atma Nirbhar Bharat step of Accounting firms - A Step towards building Bhartiya Global Consulting firm
The Central Government initiatives have been making waves in many media houses, there have been many seminars, discussions, forums, and the like, it is today has seen a reality after the buzz. The buzz should not remain, and this reality is a welcome breath.
The pioneering 3 firms who have joined hands have good presence across India. Kirtane & Pandit is a Western India firm with 7 decades of credibility and so has SS Kothari Mehta & Co., North Indian Firm. A Bangalore based firm Guru & Jana is representing South. This has been a new alliance as per the guidelines of ICAI. Every journey happens with a single brave step - is this the new one? New journeys start with a conviction, and not with a business plan - this journey has happened and is a reality today.
A Step towards building Bhartiya Global Consulting firm.
The Institute of Chartered Accountants of India, the regulator for accounting professionals in India has come out with a guidelines for alliance firms, networking firms, and recently have shared the draft exposure of even International networking guidelines.
The ICAI first introduced the Networking Guidelines in 2005, subsequently revised in 2011 and 2021, but adoption remained low .
In 2024–2025, a dedicated Committee for Aggregation of CA Firms (CACAF) was set up to overhaul these guidelines . This Committee has also given the direction of "networking of international firms"
Recently the PMO has also have had high level committee meetings for creating an Indian CA firm. The commerce Minister Shri Piyush Goyal also made comments that "Atma Nirbar Bharat" should now move to accounting firms. The regulator all these years has been prohibiting any advertisement or publicity of the accounting firms, now the ICAI has been exploring possibilities of creating new guidelines to start the advertisement in the world of digital media. Times have changed and the premium accounting regulator is now working in this direction.
This sequel is going to propel more such alliances, and it appears that the initiatives of Prime Minister Narendra Modi in 2016-17 and is now persistently pursued by Mr. Sanjeev Sanyal Member of PMO Economic Advisory Council with the rank of Secretary, Government of India have started yielding seeds for a beautiful tree called Bharat Firms!
https://www.linkedin.com/posts/ss-kothari-mehta-%26-co_caday-indiancafirms-professionalalliance-activity-7345758710096416769-JFnK/
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