ICoAI ET 2023 Change Its Member

## Policy Analysis Report: Amendment to Cost Accountants Act Notification **1. Executive Summary:** This report analyzes a notification published by the Ministry of Corporate Affairs on April 17, 2025, which amends a previous notification (G.S.R. 741E, dated October 16, 2023, as further amended by G.S.R. 642E, dated October 15, 2024) related to the Cost Accountants Act, 1959. The core purpose of this amendment is to substitute the entry related to a member of the Cost and Works Accountants Election Tribunal. The key finding is the change in personnel, specifically replacing an unspecified role with "Shri Manoj Kumar Sahu, Member; Director Inspection and Investigation, O/o Director General of Corporate Affairs, Kota House Annexe, 1, Shahjahan Road, New Delhi-110011". **2. Introduction:** This report provides an analysis of a notification issued by the Ministry of Corporate Affairs, specifically focusing on its amendment to a previously published notification concerning the Cost Accountants Act, 1959. This analysis is based solely on the information provided in the given text. **3. Policy Overview:** * **Amendment to:** G.S.R. 741E, dated the 16th October, 2023, which was last amended by G.S.R. 642E, dated the 15th October, 2024. These notifications relate to the Cost Accountants Act, 1959, and the Cost and Works Accountants Election Tribunal Rules, 2006. * **Core Objective(s):** The primary objective of this specific amendment, as inferred from the text, is to update the membership of the Cost and Works Accountants Election Tribunal by substituting an existing member with a new appointee. **4. Background and Rationale:** The rationale for this specific amendment is likely due to a change in personnel within the Cost and Works Accountants Election Tribunal. The previous member holding the serial number ii position may have been replaced, resigned, or otherwise become unavailable, necessitating the substitution with Shri Manoj Kumar Sahu. This ensures the continued functioning of the Tribunal. **5. Key Provisions / Changes:** This amendment focuses on a specific change: * **Specific Part Changed:** The notification amends the entry corresponding to serial number "ii" in the original notification (G.S.R. 741E) and its subsequent amendment (G.S.R. 642E). * **New Rule/Provision:** The original entry for serial number "ii" is replaced with the following: "Shri Manoj Kumar Sahu, Member; Director Inspection and Investigation, O/o Director General of Corporate Affairs, Kota House Annexe, 1, Shahjahan Road, New Delhi-110011." * **Difference/Effect:** The effect of this change is the substitution of an unspecified individual or role with Shri Manoj Kumar Sahu in the position of Member; Director Inspection and Investigation, O/o Director General of Corporate Affairs, within the Cost and Works Accountants Election Tribunal. **6. Target Audience and Stakeholders:** Based on the text, the direct stakeholders affected by this amendment include: * The Cost and Works Accountants Election Tribunal * Shri Manoj Kumar Sahu * The Director General of Corporate Affairs' Office. * Potentially, members of the Institute of Cost Accountants of India (ICAI), as the Tribunal handles election-related matters. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Corporate Affairs is the responsible agency for issuing the notification. The Director General of Corporate Affairs' Office is also involved, given the appointee's role. * **Timelines/Procedures:** The notification states that it comes into force from the date of its publication in the Official Gazette (April 17, 2025). No other specific procedures are detailed in the provided text. * **Amendment-Specific Implementation:** The immediate implementation involves updating official records and communications to reflect the new member of the Election Tribunal. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this change is to ensure the continued and effective operation of the Cost and Works Accountants Election Tribunal with updated and accurate membership information. The appointment of Shri Manoj Kumar Sahu, given his role as Director Inspection and Investigation, may bring a specific skillset or perspective to the Tribunal's proceedings. This ensures that any matters before the Election Tribunal are addressed appropriately. **9. Conclusion:** The notification published by the Ministry of Corporate Affairs on April 17, 2025, represents an amendment to a previous notification regarding the Cost Accountants Act, 1959. The key change involves the substitution of a member within the Cost and Works Accountants Election Tribunal, replacing an unspecified role with Shri Manoj Kumar Sahu. This amendment is important for maintaining the operational effectiveness of the Tribunal and ensuring its continued ability to address election-related matters within the cost accounting profession.

Key Entities Referenced