Accounting And Audit 13 October 2026
ICAI Bars Chartered Accountants From Zero‑Fee Bids
ICAI issued a notification effective Oct 12, 2026 that bans chartered accountants from bidding on services without a legally mandated minimum fee. The rule seeks to stop fee undercutting and uphold professional standards.
ICAI bans zero‑fee bids
The Institute of Chartered Accountants of India (ICAI) announced new guidelines effective 12 Oct 2026.
- Chartered accountants cannot submit bids for services unless a minimum fee, as required by law, is stated.
- Aim: curb fee undercutting and protect professional integrity.
For full details see the official notification here.
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