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The Institute of Chartered Accountants of India (ICAI), set up by an Act of Parliament (The Chartered Accountants Act, 1949) established ICAI Accounting Research Foundation (ICAI ARF) in January, 1999, as a Section 25 company (now section 8 company under the Companies Act, 2013) - a core research body in the areas of accounting, auditing, capital markets, fiscal policies, monetary policies and other related disciplines. Over the years, it has accelerated its work programme as an academy for imparting, sprea