The affairs of the Institute are managed by the Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulation 1988. The Council consists of 40 members of whom 32 are elected by the members and remaining eight are nominated by the Central Government.
The Office of Central India Regional Council (CIRC) is situated at Kanpur having 39 Branches at Agra, Ajmer, Allahabad, Aligarh, Alwar, Bareilly, Beawar, Bhilai, Bhilwara, Bikaner, Bhopal, Bilaspur, Dehradun, Dhanbad, Ghaziabad, Gorakhpur, Gwalior , Indore, Jabalpur, Jaipur, Jamshedpur, Jodhpur, Kota, Lucknow, Mathura, Meerut, Moradabad, Muzaffarnagar, Noida, Pali, Patna, Raipur, Ranchi, Ratlam, Saharanpur,Sriganganagar, Udaipur, Ujjain, Varanasi, 8 CPE Chapters at Banswara Bhagalpur, Bhiwadi, Bundelkhand, Chittorgarh, Raigarh, Satna, Shekhawati, 35 CPE study groups and 7 CPE Study Circles to discharge the functioning of the Regional Council. Central Region of the Institute consists of seven states viz. UP, Uttaranchal, MP, Chattishgarh, Bihar, Jharkhand& Rajasthan. More than 1,00,000 students are pursuing the Chartered Accountancy Course in the region and the total number of Members of the Central Region is more than 22000.
The functions of the Regional Council inter alias includes the following:
1. To provide facilities for interaction among members in its region by regular meetings, arrangements of talks and lectures and for the acquisition and dissemination of useful information.
2. To advise the Council on all matters referred to it and to offer such other assistance as may be required and to make representations to the Council in connection with the matters of professional and business interest in its region and to offer suggestions for the amendment of the Act and these regulations, for raising the standards and status of the profession;
3. To propagate among the members the advisability and the necessity of observing the rules of professional etiquette and the provisions of the Act and these Regulations.
4. To arrange, if found practicable, for coaching candidates for the aforesaid examinations at convenient centres in its region and to gather material from and to make representation to the departments of the government or other local authorities in the States within its region for the purpose of enlisting their support in the furtherance of the interests of the members on matters confined to the professional interest of members within the region.