Official Announcement: Resignation of CA Madhukar Narayan Hiregange from the 26th ICAI Central Council

The Institute of Chartered Accountants of India (ICAI) has formally acknowledged the departure of a sitting member from its highest governing body. Through an official gazette publication dated 1st September 2026, the apex accounting institution announced that CA. Madhukar Narayan Hiregange has officially stepped down from his position in the 26th Council.

Representing the Southern India Regional Constituency, CA. Hiregange (FCA, Membership No. 027409) vacated his seat following a series of written communications submitted to the institutional leadership in late August 2026.

Statutory Framework Governing Council Vacancies

The procedural execution of this departure was conducted strictly in accordance with the governing statutes of the accounting body. Specifically, the notification was promulgated under the authority of Section 13(1) of the Chartered Accountants Act, 1949.

This particular legislative provision outlines the legal mechanism for addressing casual vacancies and processing the formal resignation of elected members within the Central Council. According to the official documentation released by the Institute, the formal exit was recorded based on a primary correspondence dated 23.08.2026, which was subsequently read in conjunction with a follow-up communication dated 28.08.2026.

Context and Public Disclosures

While the statutory notification issued by the ICAI serves as a purely administrative acknowledgment of the vacancy and refrains from citing any specific triggers for the departure, the resigning member opted to share his perspective through public professional forums.