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Core Purpose

Publication of draft Cost and Works Accountants (Amendment) Regulations, 2024 by the Institute of Cost Accountants of India, proposing to substitute "Kolkata" with "Delhi" in Regulation 89 of the Cost and Works Accountants Regulations, 1959.

Detailed Summary

The Institute of Cost Accountants of India, under F. No. CWR(1)2024 dated 7th October 2024, published a draft of the Cost and Works Accountants (Amendment) Regulations, 2024, as required by sub-section (3) of section 39 of the Cost Accountants Act, 1959 (23 of 1959), proposing to further amend the Cost and Works Accountants Regulations, 1959 by substituting the word "Delhi" for "Kolkata" in Regulation 89 of the principal regulations; the draft invites objections or suggestions from stakeholders, to be filed only through the Institute's website within thirty days of the Gazette copies being made available to the public (objections by email, post, or hand will not be entertained), for consideration by the Council of the Institute before final publication; the notice is signed by D. P. Nandy, Addl. Secy. (ADVT.-III/4/Exty./552/2024-25), and notes that the principal regulations were originally published on 25th May 1959 vide Notification No. 10(13).Ins/59 and last amended vide Notification No. CWR(1) 2014 dated 12th November 2014.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-09102024-257783 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 780] NEW DELHI, TUESDAY, OCTOBER 8, 2024/ASVINA 16, 1946 THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (Statutory Body under an Act of Parliament) NOTIFICATION New Delhi, the 7th October, 2024 F. No. CWR(1)2024.—The following draft of Regulations to further amend the Cost and Works Accountants Regulations, 1959, which the Council of the Institute of Cost Accountants of India proposes to make, is hereby published, as required by sub-section (3) of section 39 of the Cost Accountants Act, 1959 (23 of 1959) for the information of all stakeholders likely to be affected thereby, and notice is hereby given that the said draft regulations shall be taken into consideration on or after the expiry of period of thirty days from the date on which the copies of the Gazette of India in which these draft regulations are published, are made available to the public. Any person desirous of making any objection or suggestion in respect of the said draft Regulations, may file the same for consideration by the Council of the Institute of Cost Accountants of India within the period so specified through the link available on the website of the Institute. The objections or suggestions received through email or post or by hand shall not be entertained. Any objection or suggestion received from any person with respect to the said draft Regulations before the expiry of the period so specified will be taken into consideration by the Council. Draft Regulations 1. (1) These regulation may be called the Cost and Works Accountants (Amendment) Regulations, 2024 (2) They shall come into force on the date of their final publication in the Official Gazette. 2. In the Cost and Works Accountants Regulations, 1959 (i) In Regulation 89 of the principal regulations, for the words “Kolkata” the words “Delhi” shall be substituted. D. P. NANDY, Addl. Secy. [ADVT.-III/4/Exty./552/2024-25] Note:- The principal regulations were published in the Gazette of India, Extraordinary, dated the 25th May, 1959 vide Notification No. 10 (13). Ins/59 dated 25th May, 1959 and lastly amended vide Notification No. CWR (1) 2014 dated 12th November, 2014. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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