Notification Date- 01.01.2013
No. CMA (2)/2013: In exercise of powers conferred by Regulation 146 of the Cost and Works Accountants Regulations, 1959, the Council of the Institute of Cost Accountants of India hereby issues The Cost Accountants’ Chapters Bye-laws, 2013 with effect from 1st January, 2013 repealing the earlier Bye-laws called The Cost Accountants’ Chapters (Amendment) Bye-laws, 2010 as follows:
1. Short Title—These Bye-laws may be called “The Cost Accountants’ Chapters Bye-laws, 2013”.
2. Definitions—In these Bye-laws unless there is anything repugnant in the subject or context—
(a) ‘Council’ means the ‘Council of the Institute of Cost Accountants of India’.Online GST Certification Course by TaxGuru & MSME- Click here to Join
(b) ‘Chapter’ means the ‘Chapter of Cost Accountants’ constituted under Regulations 146 of the Cost and Works Accountants Regulations, 1959.
(c) ‘Regional Council’ means the Regional Council constituted under the Cost and Works Accountants Act, 1959, having territorial jurisdiction over the Chapter.
(d) ‘Student’ means a Registered Student of the Institute studying for the examinations conducted or undergoing training under the Cost and Works Accountants Regulations, 1959, and not admitted as a Member of the Institute.
(e) For the purpose of these Bye-laws, a student shall also include a “Grad. CWA”
(f) ‘Managing Committee’ means the governing body of the Chapter constituted in accordance with Bye-law 2(b) of these Bye-laws.
(g) The definition of words and phrases given in the Cost and Works Accountants Act, 1959 and the Rules & Regulations, 1959 made thereunder shall apply to these By-laws also.