A Chapter of the Institute can be set up in any foreign country provided there are 100 or more members having their professional address registered in that country and a request for setting up of a chapter there is received from at least 20 such members.  

A Chapter shall not represent itself as a constituent of the Institute. The decisions and actions of the chapter are not binging on the Institute unless specific written approval is sought by the council.

A Chapter shall not be eligible to receive any grant or financial assistance from the Institute. However, a request for financial assistance can be considered on case to case basis provided the requirements of the local laws so permit. 

The Chapters of the Institute shall be formed only if a no objection from the local Govt. is produced, if required by local laws.

The Chapters of the Institute shall be allowed to use the emblem with stipulation that the said emblem be used for corresponding with its own members and with the Institute only. Such letterheads shall not be used for making representations on behalf of the Institute to any authority of the local Govt. or Govt. of any foreign country. The Chapters can represent the Institute on specific matters as may be authorised from time to time. However, they would make a mention of such an authorisation on the representation made to local authorities or Government of any foreign country. Copy of every such representation made would be sent to the Institute.

To explore professional opportunities and placement opportunities in that country or any other place in the world, in the manner suggested by the Institute from time to time.

To organise/conduct CPD programmes 

To provide facilities for interaction among members by arranging regular meetings for the acquisition and dissemination of useful information. Necessary technical inputs/background material could be provided by the Institute

Make representation to the Council on matters of professional interest in that country and to offer suggestions for raising the standard and status of the profession. 

Have liaison with the accountancy bodies of that country for helping the members in enrolling themselves as members of the Accounting Institute. However, prior to such liaison the Chapters shall take necessary approval of the Institute for such liaison and initiatives.

Exchange views on professional matters with the members of the Accounting Institute of that country. However, the Chapters would not exchange views on behalf of the Institute. 

Assist ICAP in locating suitable venues for the examination centers.

Carry out such other functions as may be entrusted by the Institute, from time to time. 

Chapters will be managed by their Managing Committees to be elected once in four years. These Managing Committees shall comprise of 8 members out of which, they shall select its office bearers, namely, Chairman, Vice-Chairman, Secretary and Treasurer.

The Elections will be supervised and managed by the Institute in the prescribed manner.

All members of the Chapter shall be eligible to vote at the election.

No business shall be transacted at any meeting of the Managing Committee unless three members are present in person to form the quorum.

The process of conduct of election shall be initiated two months prior to the date of election due and the election invariably held towards the end of the first of the above mentioned two months. A copy of the notice and schedule of elections issued to the members of the Chapter shall invariably be sent to the Institute along with a copy of the Annual report. The result of elections conducted be intimated to the Institute within 7 days from the date of elections and declaration of result. If the copies of the notice and annual report are not received by the Institute from any Chapter or the election is not conducted as above by any Chapter, the office bearers shall be construed to have vacated their respective offices on completion of one year from the date election was last held or a date that may be specified by the Institute. The affairs of the said Chapter shall then be conducted by the members of the Institute as may be nominated by the Institute and for the period specified by it.

The Executive Committee shall be authorised to remove office bearer(s) of a Chapter if it is in notice of the Institute that the office bearer(s) has/have persistently made default in adhering to the guidelines formulated by the Council in respect of functioning of Chapters abroad.

Chapters to be self supporting and funds for meeting the expenses of the Chapters to be raised by subscription from among the members.

Chapter may levy such further fee as considered necessary from members participating in specific activities under intimation to the Institute.

The accounts of the Chapter shall be kept for each financial year and will be approved by the Managing Committee. Duly approved accounts will be circulated to all the members of the Chapter with a copy to the Institute.

The Chapter shall maintain a bank account to be operated jointly by the Treasurer with the Chairman and/or the Secretary of the Chapter

Chapter can be dissolved if a majority of the 3/4th of the members borne on the rolls of the Chapter by making a request to that effect to the Executive Committee. Such a request shall be considered by the Executive Committee which shall take necessary action as deemed necessary.

Chapter can also be dissolved at Executive Committee’s discretion after giving an opportunity to Managing Committee of being represented.

The Chapter can also be dissolved, if the NOC granted by the local Government is withdrawn or local laws do not permit continuance of the Chapter.