The Institute of Cost Accountants of India (ICMAI) sought the response from the public on the formation of a multi-disciplinary firm.
The draft regulation seeks to amend the Cost and Works Accountants Regulations, 1959 and which will be known as the Cost and Works Accountants (Amendment) Regulations, 2021.
As per the draft regulation Regulation 111D shall be inserted which reads as “A member in practice may form multi-disciplinary firm with the member of other professional bodies as prescribed under Regulations 111B and 111C in accordance with the regulating guidelines of the Council for functioning and regulation of such multidisciplinary firm.”
The ICMAI has announced that the said draft will be taken into consideration on or after the expiry of a period of 45 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 desiring to make any objection or suggestion in respect of the said draft regulations may forward the same for consideration by the Council within the period so specified above to the Secretary, The Institute of Cost Accountants of India, CMA Bhawan, 12, Sudder Street, Kolkata – 700 016,” the ICMAI said.
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