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Govt allows ICWAI to change its name to ICMAI

BABU.D (.) (408 Points)

12 September 2009  

 

Govt allows ICWAI to change its name to ICMAI

New delhi: Cost accounting body ICWAI will soon be known as Institute of Cost and Management Accountants of India (ICMAI) with the government agreeing for a change of name of the body.

“The request for name change to Institute of Cost and Management Accountants of India has been accepted in principle ... it will require amendment in the ICWAI Act. We are working on it ... hopefully in the near future it will be done,'' Corporate Affair s Minister Salman Khurshid said. Set up in 1959 through an Act of Parliament, ICWAI has over 47,000 members and two lakh students. It has been requesting for the change of name for long. There is a growing importance for cost accountants for improving production, Mr Khurshid said, adding the new name will make it more compatible with the job ICWAI members perform.

“It (the name change) will be a true representation of what we stand for. We are not merely cost accountants, helping companies keep record of things, we go beyond it,'' ICWAI President G N Venkatraman said.

The world over, he said, cost and works practitioners are being known and as cost management accountants. “We are born out of the Chartered Institute of Management Accountants, London, formerly they were cost accountants, all subsidiaries have changed t heir names, in Bangladesh, in Pakistan... In India for the last several years it was stuck,'' he said. - PTI

Sources: https://www.business-standard.com/india/news/govt-allows-icwai-to-change-its-name-to-icmai/73242/on

https://www.thehindubusinessline.com/blnus/14111604.htm


 29 Replies

CA Harish Suwalka (Chartered Accountant ( Bhilwara ))   (4125 Points)
Replied 12 September 2009

nice news !

CA.Shaleen Srivastava (CA , CWA*, Bcom(H)) (1999 Points)
Replied 12 September 2009

Good news

Ca Jai Prakash Agarwal (practice) (683 Points)
Replied 12 September 2009

very good decision taken

 

Regards,

Agarwal J.P

 

BHAGYESH RAVANGE (C.A Job) (1528 Points)
Replied 12 September 2009

Wise Decision

Aarush (Delhi) (1566 Points)
Replied 12 September 2009

ICWAI to ICMAI Its loking good!!

Ca Jai Prakash Agarwal (practice) (683 Points)
Replied 12 September 2009

f

Kashyap Joshi (Proprietor ) (260 Points)
Replied 12 September 2009

Nice Decision.

Mirza S Baig (CA ) (91 Points)
Replied 12 September 2009

GOOD DECISION

CA lakshmikanth (Chartered Accountant) (238 Points)
Replied 12 September 2009

very  nice news

sandip (article assistant) (185 Points)
Replied 12 September 2009

jai ho ICMAI

 

MIRAJ M MEHTA (Chartered Accountant) (596 Points)
Replied 12 September 2009

good decision taken "ICMAI"

Rishabh Mishra (C.A Final) (144 Points)
Replied 12 September 2009

a good step indeed.

The Harshit Aggarwal (B.Com(H) ,CS Final) (5263 Points)
Replied 12 September 2009

Simply  Gr8.........!!

Prodyut Banerjee (Advocate) (309 Points)
Replied 12 September 2009

Repercussion of ICAI?????????????????


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