Terminology change for cost accountants narrows practice designation; affects eligibility wording under corporate statute governance. The amendment replaces the phrase "Cost Accountant in practice" with "cost accountant" in designated subsections and proviso of the provision and ... Summary
Terminology change for cost accountants narrows practice designation; affects eligibility wording under corporate statute governance.
The amendment replaces the phrase "Cost Accountant in practice" with "cost accountant" in designated subsections and proviso of the provision and substitutes the Explanation's institutional name with "Institute of Cost Accountants of India", thereby updating the statutory terminology and institutional reference.
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