THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(Statutory body under an Act of Parliament)
NOTIFICATION
Kolkata, the 19th April, 2017
No. CWA/1/2017.—In exercise of the powers conferred on it under clause (1) of Part II of the Second Schedule of the Cost and Works Accountants Act, 1959, the Council of the Institute of Cost Accountants of India hereby issues the following guidelines for compliance by the members of the Institute:
(i) A member of the Institute in practice shall not respond to any tender issued by an organization or user of professional services in areas of services such as audit and attestation services which are exclusively reserved for Cost Accountants by a statute. However, such restriction shall not be applicable where minimum fee of the assignment is prescribed in the tender document itself or where the areas are open to other professionals along with the Cost Accountants.
(ii) These Guidelines shall come into force on the date of publication in the Gazette of India.
KAUSHIK BANERJEE, Secy.
[ADVT.-III/4/Exty./37/17]
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