law: Chartered Accountants Act, 1949 
  29. Reciprocity
  (1) Where any country, specified by the Central Government in
  
  this behalf by notification in the Official Gazette, prevents persons of Indian
  
  domicile from becoming members of any institution similar to the Institute of
  
  Chartered Accountants of India or from practicing the profession of accountancy
  
  or subjects them to unfair discrimination in that country, no subject of any
  
  such country shall be entitled to become a member of the Institute or practice
  
  the profession of accountancy in India.
  (2) Subject to the provisions of sub-section (1), the Council
  
  may prescribe the conditions, if any, subject to which foreign qualifications
  
  relating to accountancy shall be recognized for the purposes of entry in the
  
  Register.