Institute of Cost Accountants of India (ICMAI) has issued an advisory warning members against engaging in unauthorized activities that may harm its reputation and statutory framework. Members are prohibited from forming cost and management accounting-related associations without prior approval, as such unauthorized groups can mislead stakeholders. Direct communication with government authorities, including central ministers and regulatory bodies, in the name of the Institute is strictly forbidden unless approved. Additionally, submitting petitions or representations to parliamentary bodies without the Institute’s authorization is not permitted. Members must ensure all interactions with government entities are routed officially through ICMAI to maintain transparency and accuracy. Furthermore, any attempts to form unauthorized associations for personal branding or influence are considered misconduct, violating professional ethics and damaging the Institute’s credibility. Strict disciplinary action will be taken against those found violating these directives under the Cost Accountants Act, 1959. Members are urged to comply with these guidelines and channel any professional concerns through ICMAI’s official platforms. Also Read: ICMAI Guidelines on Use of Firm Name and Tender Submissions
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)
CMA BHAWAN
12, SUDDER STREET, KOLKATA – 700 016.
February 27, 2025
Advisory on Unauthorized Activities Affecting the Institute’s Repute, Integrity and Professional Discipline
It has come to the notice of the Institute that few members are engaging in activities that are detrimental to the reputation, governance, and statutory framework of the Institute. The Institute issues this strict advisory to all members to refrain from the following unauthorized and unethical actions:
1. Formation of Unauthorized Associations: No member or group of members shall form or operate any cost and management accounting-related association, body, or forum using the name, logo, influence, or implied recognition of the Institute without prior approval. Such unauthorized associations mislead stakeholders and may result in disciplinary action.
2. Unauthorized Communication with Government Authorities: Members are strictly prohibited from approaching central ministers, government officials, regulatory authorities, or other policymakers to present individual views in the name of the profession or the Institute. Members must refrain from engaging in direct telephonic or personal communication with members of government committees on matters related to the profession without prior approval. Unauthorized interactions with government committee members or officials may result in the communication of incorrect, misleading, or unverified information, which can create confusion and misrepresentation of the Institute’s official stance. Members must exercise utmost caution and ensure that all communications with government bodies are channeled through the Institute in an official and structured manner to maintain transparency, accuracy, and professional integrity.
3. Unapproved Petitions to Parliamentary Bodies: Submitting petitions, memorandums, or representations to parliamentary committees or other government bodies without the knowledge and authorization of the Institute is strictly prohibited. Any such actions must be routed through the Institute in an official capacity.
4. Undemocratic and Illegal Activities for Personal Branding: Any attempt to act in an undemocratic manner, including the formation of unauthorized associations for personal visibility, branding, or influence, shall be viewed as an act of misconduct. Such activities not only violate code of ethics but also harm the credibility and reputation of the Institute.
Consequences of Violation
Members indulging in any of the above activities shall face strict disciplinary action as per the provisions of the Cost Accountants Act, 1959, and the applicable regulations. All members are advised to strictly adhere to this advisory and uphold the dignity, discipline, and professional integrity of the Institute. Any concerns or professional representations should be submitted through the official channels of the Institute for appropriate consideration.
Sd/-
CMA (Dr.) D.P. Nandy
Secretary (Officiating)
Nothing happens. The same institute of C.A., ICAI, is involved. I complained about a C.A. signing fake balance sheets, but ICAI says there is no time limit. They claim they can complete the inquiry as per their desire. You can verify this. Indirectly, the institute helps its members who misconduct. So, there is no meaning to it—just timepass.
Some CA doing the gst filing without proper invoice no and results in mismatch of invoice no and or dates . Results in no input credit . To whom we report this mistake done by CA . Please le let me know