Home India Institute of Cost Accountants of India The following draft of Regulations to further amend the Cost...
Date: 08-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

The following draft of Regulations to further amend the Cost and Works Accountants Regulations

Issued by Institute of Cost Accountants of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces draft amendments to the Cost and Works Accountants Regulations, 1959. The primary change is a proposed substitution of "Kolkata" with "Delhi" in Regulation 89 of the principal regulations.

Key Changes

  • The proposed amendment to the Cost and Works Accountants Regulations, 1959, replaces the word "Kolkata" with "Delhi" in Regulation 89. This is the only substantive change mentioned in the draft regulations.
  • The amendment will come into force upon its final publication in the Official Gazette.
  • A 30-day period is open for stakeholders to submit objections or suggestions regarding the draft regulations via a specified link on the Institute's website. Objections submitted by email, post, or hand will not be considered.

Impact Analysis

Impact on Stakeholders

  • The 30-day public comment period allows stakeholders to voice concerns or suggest improvements to the proposed amendment before its finalization.

Suggested Action Items

  • Update internal processes and documentation as necessary once the final amended regulations are published.

Key Entities Referenced

Institute of Cost Accountants of India: The statutory body responsible for proposing and implementing the amendment to the Cost and Works Accountants Regulations, 1959. Cost and Works Accountants Regulations, 1959: The principal regulations being amended. Regulation 89 (whose contents are not specified in this notification) is the subject of the amendment. Gazette of India: The official publication where the draft and final regulations are published. Regulation 89 (of the Cost and Works Accountants Regulations, 1959): The specific regulation being amended; the exact content is not provided in this notification, but it is implied that it involves references to Kolkata that are to be replaced with Delhi.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09102024-257783 xxxGIDHxxx CG-DL-E-09102024-257783 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 780] नई ददल्ली, मगं लिार, अक्त बू र 8, 2024/आज‍ि न 16, 1946 No. 780] NEW DELHI, TUESDAY, OCTOBER 8, 2024/ASVINA 16, 1946 भारतीय लागत लखे ाकार सस्ट्ं थान (ससं द के अजधजनयम के अतं गतग साजं िजधक जनकाय) अजधसचू ना नई ददल् ली, 7 अक् तूबर, 2024 फा. स.ं सीडब्लल्यआू र(1) 2024.—लागत और कायग लेखाकार जिजनयम, 1959 म ें और अजधक संिोधन करन े के जलए जिजनयमािली के जनम्नजलजखत प्रारूप, जिसे करने के जलए भारतीय लागत लेखाकार संस्ट्थान की पररषद प्रस्ट्ताि करती ह,ै एतदद्वारा प्रकाजित दकया िाता ह,ै िैसा दक इससे प्रभाजित होने की संभािना िाल े सभी जहतधारकों की सूचना के जलए लागत लेखाकार अजधजनयम, 1959 (1959 का 23) की धारा 39 की उप-धारा (3) द्वारा अपेजित ह ै और एतदद्वारा नोरिस ददया िाता ह ै दक उपयक्तयग प्रारूप जिजनयमों पर उस तारीख स े तीस ददनों की अिजध की समाजि पर अथिा उसके बाद जिचार दकया िाएगा, िब भारत के रािपत्र की प्रजतयां, जिनम ें य े प्रारूप जिजनयम प्रकाजित दकए िाए,ं िनता को उपलब्लध करा ददए िाएं। उपयक्तयग प्रारूप जिजनयमों के सबं ंध म ें कोई आपजि अथिा सझय ाि देन े के जलए इच्छयक कोई व्यजक्त, संस्ट् थान की िेबसाइि पर उपलब्लध ललंक के माध् यम से जनधागररत अिजध के भीतर भारतीय लागत लेखाकार संस्ट्थान की पररषद द्वारा जिचाराथ ग उसे भेि सकता ह ै। ईमेल या पोस्ट् ि या हाथ स ेप्राप् त आपजियों या सयझािों पर जिचार नहीं दकया िाएगा । जनधागररत अिजध की समाजि से पूिग उपयक्तयग प्रारूप जिजनयमों के संबंध में दकसी भी व्यजक्त स े प्राि कोई भी आपजि अथिा सयझाि पर पररषद द्वारा जिचार दकया िाएगा । 6490 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] प्रारूप जिजनयम 1. (1) इन जिजनयमों को लागत और कायग लेखाकार (संिोधन) जिजनयम, 2024 कहा िाए। (2) य ेसरकारी रािपत्र म ेंउनके अंजतम प्रकािन की तारीख से प्रिृि होंगे। 2. लागत एिं कायग लेखाकार जिजनयम, 1959 म ें (i) प्रमखय जिजनयम के जिजनयम 89 में, ‘’कोलकाता’’ िब्लद के स्ट्थ ान पर ‘’ददल्ल ी ’’ िब्लद प्रजतस्ट्थ ाजपत दकया िाएगा । डी.पी. नंदी, अजतररक्त सजचि [जिज्ञापन-III/4/असा./552/2024-25] रिप्पणी:- मयख्य जिजनयम भारत के रािपत्र, असाधारण, ददनांक 25 मई, 1959 म ें अजधसूचना संख्या 10(13) के माध्यम स े प्रकाजित दकए गए थे। आईएनएस/59 ददनांक 25 मई, 1959 और अंजतम बार अजधसूचना संख्या सीडब्लल्यूआर (1) 2014 ददनांक 12 निंबर, 2014 द्वारा संिोजधत दकया गया। 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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