Tuesday, 22 July 2014

Entire CMA (Cost Accountants of India) Council resigns

The Entire Central Council of CMA India has resigned owning to the fact that the demands of the fraternity has not been considered and met by the Corporate Affairs Ministry.
A letter has been addressed to Arun Jaitley by the CMA Council that Ministry of Corporate Affairs (MCA) has laid down regressive rules which are below expectations. Also while framing these rules, the Institute was not taken into conidence and neither any representation was considered before finalising the said rules.
On Moral ground, for failure to change the said regressive rules, all the Central Council members have submitted their resignations.

Is Cost Audit losings its relevance : 

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