¹[(1) There shall be a Coordination Committee consisting of the President, Vice-President and the Secretary of the Council of each of the Institutes of Chartered Accountants of India, the Cost Accountants of India and the Company Secretaries of India for the development and harmonisation of the professions of Chartered Accountants, Cost Accountants and Company Secretaries.
        (2) The meeting of the Coordination Committee shall be chaired by the Secretary, Ministry of Corporate Affairs.
        (3) The meeting of the Coordination Committee shall be held once in every quarter of a year.
        (4) The Committee shall be responsible for the effective coordination of the functions assigned to each Institute and shall––
            (i) ensure quality improvement of the academics, infrastructure, research and all related works of the Institute;
            (ii) focus on the coordination and collaboration among the professions, to make the profession more effective and robust;
            (iii) align the cross-disciplinary regulatory mechanisms for inter professional development;
            (iv) make recommendations in matters relating to regulatory policies for the professions;
            (v) perform such other functions incidental to clauses (i) to (iv) above.