Institute of Cost Accountants of India (ICAI), a statutory body under the Cost Accountants Act, 1959, issued a notification on April 25, 2025, amending the Cost and Works Accountants Regulations, 1959. This amendment was initiated through a draft published on October 8, 2024, inviting public feedback within 30 days. After considering the suggestions and objections received, the Council of the Institute, with approval from the Central Government, has formally implemented the amendment. The change specifically alters Regulation 89 of the 1959 regulations by replacing the word “Calcutta” with “Delhi.” This substitution officially recognizes Delhi as the new designated reference in the regulation. Although the city formerly known as “Calcutta” was officially renamed “Kolkata” in 2001, the original regulation had retained the outdated nomenclature until this recent update.
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(Statutory Body under an Act of Parliament)
NOTIFICATION
New Delhi, the 25th April, 2025
F. No. CWR(1)/2025.—Whereas the draft Regulations further to amend the Cost and Works Accountants Regulations, 1959, was published, as required by sub-section (3) of section 39 of the Cost Accountants Act, 1959 (23 of 1959), in the Gazette of India, Extraordinary, Part III, Section 4, dated the 8th October, 2024, vide notification number CWR(1) 2024, dated the 7th October, 2024, inviting objections and suggestions from persons likely to be affected thereby, before the expiry of thirty days from the date on which the said Gazette containing the notification was made available to the public;
And whereas the copy of the said Gazette was made available to the public on the 8th October, 2024;
And whereas the objections and suggestions received from the public on the said draft regulations have been considered by the Council of the Institute;
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 39 of the Cost Accountants Act, 1959, the Council, with the approval of the Central Government, hereby makes the following regulations further to amend the Cost and Works Accountants Regulations, 1959, namely:-
1. (1) This regulation may be called the Cost and Works Accountants (Amendment) Regulations, 2025. (2) They shall come into force on the date of its publication in the Official Gazette.
2. In the Cost and Works Accountants Regulations, 1959, in regulation 89, for the word “Calcutta”,* the word “Delhi” shall be substituted.
D. P. NANDY, Secy. (OFFICIATING)
[ADVT.-III/4/Exty./46/2025-26]
Note:- The principal regulations were published in the Gazette of India, Extraordinary, Part III, Section 4, dated the 25th May, 1959 vide Notification Number 10 (13). Ins/59 dated the 25th May, 1959 and lastly amended vide Notification Number CWR (1) 2014, dated the 12th November, 2014.
* The name “Calcutta” has been renamed as “Kolkata” vide The West Bengal Capital City (Change of Name) Act, 2001.
