Quick Summary
The Institute of Cost Accountants of India (ICMAI) has decided to no longer use the acronym ICAI after the Institute of Chartered Accountants of India (ICAI) won a trademark infringement lawsuit against them. The Delhi High Court issued an interim order on March 21, 2023, restraining the ICMAI from
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FAQ :
ICMAI is no longer using the acronym ICAI because the Institute of Chartered Accountants of India (ICAI) won a trademark infringement lawsuit against them, and the Delhi High Court issued an order restraining ICMAI from using it.
The ICAI filed the lawsuit arguing that ICMAI's use of the acronym ICAI was causing confusion among the public.
The Delhi High Court issued an interim order on March 21, 2023.
ICMAI has been given three months from the court order date to remove the acronym from all physical and virtual media.
No, ICMAI has not yet announced a new acronym.
Yes, the ICAI was able to successfully defend its trademark because it had registered the acronym ICAI as a trademark.
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