Home› India› Institute of Cost Accountants of India› In pursuance of sub section 1 of Section 21 of the Cost and ...
Date: 01-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

In pursuance of sub section 1 of Section 21 of the Cost and Works Accountants Act, 1959 as amended, it is hereby notified that the Council of the Institute

Issued by Institute of Cost Accountants of India · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification from the Institute of Cost Accountants of India (ICAI) announces the appointment of Shri Rajesh Kumar Jain as Director (Discipline), effective August 1st, 2024.
  • The appointment is made under sub-section (1) of Section 21 of the Cost and Works Accountants Act, 1959.
  • The appointment is for investigating information or complaints received by the Disciplinary Directorate.

Key Changes

  • Shri Rajesh Kumar Jain, previously Joint Director, has been designated as Director (Discipline) at the ICAI.
  • This appointment is effective from August 1st, 2024.
  • The decision was made during the ICAI Council's 352nd meeting, held on May 21st and July 7th, 2024.
  • The Director (Discipline) will be responsible for investigating information and complaints received by the Disciplinary Directorate.

Impact Analysis

Impact on ICAI

  • Increased accountability: The appointment demonstrates the ICAI's commitment to maintaining high ethical standards among its members.

Impact on Members of ICAI

  • Fairer investigations: The appointment of a dedicated director may lead to more impartial and thorough investigations of complaints.

Impact on the Public

  • Increased confidence in the profession: A strengthened disciplinary process enhances public trust in the integrity and professionalism of cost and works accountants.

Suggested Action Items

  • ICAI should establish clear procedures and timelines for investigations to ensure efficiency and fairness.

Key Entities Referenced

Institute of Cost Accountants of India (ICAI): The professional body for cost and works accountants in India. This notification originates from their council. Cost and Works Accountants Act, 1959: The legislation under which the ICAI operates and which provides the legal basis for the appointment. Shri Rajesh Kumar Jain: Newly appointed Director (Discipline) at the ICAI. Disciplinary Directorate (ICAI): The department within the ICAI responsible for handling complaints and disciplinary matters.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01082024-255985 xxxGIDHxxx CG-DL-E-01082024-255985 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 580] नई दिल्ली, बृहस्ट्प जतवार, अगस्ट्त 1, 2024/श्रावण 10, 1946 No. 580] NEW DELHI, THURSDAY, AUGUST 1, 2024/SHRAVANA 10, 1946 इंस्ट्टीट्यटू ऑफ कॉस्ट्ट एकाउंटेंट्स ऑफ इंजडया अजधसचू ना नई दिल्ली, 1 अगस्ट् त, 2024 21-सीडब्लल्यएू /2024.—यथासंिोजधत लागत और संकर् म लेखाकार अजधजनयर्, 1959 की धारा 21 की उप धारा (1) के अनुसरण र्,ें एतद्द्वारा यह अजधसूजचत दकया िाता ह ै दक संस्ट्थान की पररषि ने दिनांक 21 र्ई और 7 िलु ाई, 2024 को आयोजित अपनी 352वीं बैठक र्,ें अनुिासन जनिेिालय द्वारा प्राप्त दकसी भी सूचना या जिकायत के संबंध र् ें िांच करन े के जलए, श्री रािेि कुर्ार िैन, संयक्तु जनििे क को दिनांक 1 अगस्ट्त, 2024 स े जनिेिक (अनिु ासन) के रुप र् ेंनाजर्त दकया ह।ै सीएर्ए कौजिक बैनिी, सजचव [जवज्ञापन-III/4/असा./349/2024-25] 4771 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 1st August, 2024 21-CWA/2024.—In pursuance of sub-section (1) of Section 21 of the Cost and Works Accountants Act, 1959 as amended, it is hereby notified that the Council of the Institute at its 352nd meeting held on 21st May and 7th July, 2024, has designated Shri Rajesh Kumar Jain, Joint Director, as Director (Discipline) with effect from 1st August, 2024, for making investigations in respect of any information or complaint received by the Disciplinary Directorate. CMA KAUSHIK BANERJEE, Secy. [ADVT.-III/4/Exty./349/2024-25] 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.

Continue your research

Related Documents from Institute of Cost Accountants of India