Memorandum of Understanding (MoU) with the ICAI

The Indian Association for Gold Excellence and Standards (IAGES) signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of India (ICAI). This strategic collaboration aims to enhance trust, transparency, and professional excellence in the Indian gold industry.

The MoU was signed in the esteemed presence of the Hon’ble Minister of State, Ministry of Law and Justice, Shri Arjun Ram Meghwal. Speaking on the occasion, Shri Arjun Ram Meghwal expressed his happiness and optimism about the future of the gold industry in India. He emphasized the importance of regulatory compliance and professional integrity in fostering consumer confidence and industry growth.

CA Charanjot Singh Nanda, President of ICAI, conveyed the keenness of ICAI to collaborate with IAGES to bring the highest standards of professional assessment to the gold industry. He said that the members are well-equipped to support this transformative initiative.

CA Prasanna Kumar D, Vice President of ICAI, added that the partnership between IAGES and ICAI marks a significant step towards integrating financial and operational professionalism into the gold sector. He further added that ICAI looks forward to contributing to the implementation of a robust and transparent assessment framework.

Through this MoU, IAGES gains access to the best assessors in the country. This collaboration will accelerate our mission to transform the gold sector in India by promoting fair practices, regulatory compliance, and operational excellence.

Kaushlendra Sinha, CEO of IAGES

About ICAI

The Institute of Chartered Accountants of India (ICAI), established in 1949 under the Chartered Accountants Act, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. With over 4 lakh members and 8.5 lakh students, ICAI plays a pivotal role in regulating the accounting profession in India.

About IAGES

The Indian Association for Gold Excellence and Standards (IAGES) is a self-regulatory organisation created by the Indian gold industry, for the Indian gold industry, and supported by prominent gold sector industry associations. IAGES aims to enhance consumer trust in gold by raising overall standards and adopting best practices across the value chain. IAGES fosters a level playing field, aligning with global best practices while addressing local needs. This groundbreaking initiative marks a new era for the Indian gold industry, empowering value chain partners with trusted accreditation.