Summary: The Institute of Chartered Accountants of India (ICAI), through Notification No. 54-Bye-EL(1)/1/2026 dated 1st September, 2026, has notified the resignation of CA. Madhukar Narayan Hiregange, FCA, Membership No. 027409, from the membership of the 26th Council of ICAI. The notification has been issued under Section 13(1) of the Chartered Accountants Act, 1949, which relates to resignation of membership and casual vacancies in the Council. CA. Hiregange was a member of the 26th Council representing the Southern India Regional Constituency. According to the notification, his resignation was communicated vide communication dated 23.08.2026 read with communication dated 28.08.2026.
While the ICAI notification itself does not specify any reason for the resignation, CA. Madhukar N. Hiregange, in his public statements on LinkedIn, said that the decision followed about 18 months of raising concerns relating to governance, ethics, transparency, accountability, electoral practices and student welfare through meetings, written communications and discussions. He stated that more than 50 communications raising various concerns and suggesting reforms had, in his assessment, not received adequate attention. He also expressed concern over what he viewed as excessive focus on events and elections, insufficient attention to professionals and students, institutional decision-making and the need for stronger governance and accountability mechanisms.
CA. Hiregange further stated that, following requests from several Past Presidents, members and the Vice-President to reconsider his resignation, he communicated on 25.08.2026 that he would consider doing so if specified governance reforms were adopted through binding Council resolutions with timelines and public disclosure. The reforms identified by him included greater focus on professionals, students and the profession; clearer delegation and accountability; transparent named voting; segment-wise disclosure of ICAI expenditure; transparent nomination processes; election reforms; and stronger governance and internal controls. These reasons, concerns and allegations represent CA. Hiregange’s own publicly stated position and are not findings or reasons recorded by ICAI in the resignation notification.
The notification formally records his resignation from Council membership and has been signed by CA. (Dr.) Jai Kumar Batra, Secretary, ICAI, carrying advertisement reference ADVT.-III/4/Exty./302/2026-27.
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Chartered Accountants)
NOTIFICATION
New Delhi, the 1st September, 2026
No. 54-Bye-EL(1)/1/2026: It is hereby notified under Section 13(1) of the Chartered Accountants Act, 1949, that CA. Madhukar Narayan Hiregange, FCA, (Membership number 027409), Member of the 26th Council of the Institute of Chartered Accountants of India from Southern India Regional Constituency, has resigned from the membership of the Council vide his communication dated 23.08.2026 read with 28.08.2026.
CA. (Dr.) JAI KUMAR BATRA, Secy.
[ADVT.-III/4/Exty./302/2026-27]
