The Institute of Chartered Accountants of India was set up by an Act of Parliament, The Chartered Accountants act, 1949 which came into effect from 1st July 1949 for the purpose of regulating the profession of Chartered Accountants of India. The Institute is a body corporate consisting of all persons whose names are borne in the Register of Members of the Institute. The affairs of the Institute are managed by a Council and run through its Head Office at New Delhi and 5 Regional offices at Mumbai, Chennai, Kolkata, Kanpur and Delhi. Besides there are 84 branches throughout the country.

The EIRC was formed in 1952 which serves the States of Assam, Meghalaya, Nagaland, Orissa, West Bengal, Manipur, Tripura, Sikkim, Arunachal Pradesh, ..

By now 51 members chaired the Regional Council in course of last 47 years.