In pursuance of sub section 1 of Section 13 of the Cost and Works Accountants Act

Okay, I will analyze the provided policy text and generate the report as requested, focusing on accuracy and inferring only from the explicit content of the document. **Report on Notification Regarding Resignation from the Council of the Institute of Cost Accountants of India** **1. Executive Summary:** This report analyzes a notification issued by The Institute of Cost Accountants of India regarding the resignation of Shri Vivek Kulkarni, IAS (Retd), from the Council of the Institute. Mr. Kulkarni was a nominee of the Central Government. The resignation has been accepted and is effective from the date of the notification, 22nd September 2021. This report details the background, implications, and limited information available based solely on the provided text. **2. Introduction:** The purpose of this report is to provide an informative overview and analysis of the notification published by The Institute of Cost Accountants of India concerning the resignation of Shri Vivek Kulkarni from the Council. The analysis is based solely on the content of the provided notification text. **3. Policy Overview:** * This notification pertains to a change within the Council of The Institute of Cost Accountants of India, operating under the Cost and Works Accountants Act, 1959. Therefore, it is an amendment to the structure of the council. * **Core Objective (Inferred):** The objective of this notification is to formally announce and record the resignation of a council member, ensuring transparency and proper governance within the Institute. **4. Background and Rationale:** * **(Amendment):** The amendment pertains to a change in council membership. The rationale for this *specific amendment* (the notification) is the resignation of Shri Vivek Kulkarni. The provided text does not elaborate on the reasons for his resignation; it only states that his resignation letter was received and accepted. This notification ensures the Institute's records accurately reflect the Council's current composition. **5. Key Provisions / Changes:** * **(Amendment):** * **Original Policy (Implied):** The original policy is the composition and structure of the Council of The Institute of Cost Accountants of India, governed by the Cost and Works Accountants Act, 1959. * **New Rule/Provision:** The new provision is the acceptance and formal notification of Shri Vivek Kulkarni's resignation from the Council, effective from the date of the notification (September 22, 2021). * **Difference/Effect:** This change removes Shri Vivek Kulkarni from the Council, creating a vacancy for a Central Government nominee. It requires the Institute to update its records and potentially initiate the process to fill the vacancy, although the notification does not explicitly mention this. **6. Target Audience and Stakeholders:** Based on the provided text, the primary target audience and stakeholders are: * The Council of The Institute of Cost Accountants of India. * Members of The Institute of Cost Accountants of India. * The Central Government (specifically, the relevant department responsible for nominating council members). * The Cost and Works Accountants community. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Institute of Cost Accountants of India, specifically the Secretary (CMA Kaushik Banerjee), is responsible for issuing the notification and implementing the change. * **Timelines/Procedures:** The notification states that the resignation is effective from September 22, 2021. The text does not specify any further procedures or timelines related to filling the vacancy. The implementation would involve updating the Council's official records and informing relevant parties. **8. Expected Outcomes / Impact of Changes:** * **(Amendment):** The likely intended outcome of this notification is to ensure transparency and maintain the integrity of the Council's composition. * The *specific* impact of the amendment is a change in the Council's membership. This may lead to a temporary gap in representation until a replacement is nominated and appointed. However, the document provides no additional information to determine the significance of this change. **9. Conclusion:** The notification issued by The Institute of Cost Accountants of India formally announces the resignation of Shri Vivek Kulkarni from the Council. This notification ensures transparency and accurate record-keeping within the Institute. The impact is a change in the Council's membership, requiring updates to official records. Further steps regarding the filling of the vacant position are not detailed in the provided text.

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