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ICWAI amendment Bill tabled...motion adopted

News 1636 views 1 replies
Dear All,
Time to thank Shri Salman Khurshid...Min MCA
Celebration Time for Cost Accountants
The Cost and Works Accountants(Amendment )Bill 2010 was moved ..Question put and motion
adopted
https://164.100.47.5/newdebate/219/28042010/14.00pmTo15.00pm.pdf
we are demanding it for last twenty years, at that time also we had done our homework but of no avail then, this time Rt. Hon Minister has taken a bold and spirited decision ,knowing well it will be apposed by other Accounting Institute under his ministry, that itself is a solid reason to flood his mail with thanks .In the last 20 years other minister could also do it, but they have taken a partisan attitude towards us.
5. In section 5 of the principal Act,—
(a) in sub-section (2),—
(i) for the letters "AICWA", the letters "ACMA" shall be substituted;
(ii) for the words "Institute of Cost and Works Accountants",the words
“Institute of Cost and Management Accountants of India" shall be substituted;
(b) in sub-section (5),—
(i) for the letters "FICWA", the letters "FCMA" shall be substituted;
Requesting all to thanks Mr Salman Khurshid by click the below link:
Please follow this link to thank Hon'ble Minister:
https://salmankhurshid.com/php/showGuestBook.php
Replies (1)
Extract of the matter:

2. In the Cost and Works Accountants Act, 1959 (hereinafter referred to as the
principal Act), throughout the Act and in the First Schedule and the Second Schedule to the
said Act, for the words "cost accountant", "cost accountants" and "cost accountancy" with
their grammatical variations and cognate expressions, wherever they occur, the words "cost
and management accountant", "cost and management accountants" and "cost and
management accountancy" shall respectively be substituted;


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