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| 12. CMA G. K. Abhayankar (1969-70) |
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Received the Life Time Achievement award during the inauguration of the Diamand Jubilee Function of ICWAI at Pune in 2009 from Bharath Rathna Dr Abdul Kalam, former President of India. |
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The Silver Jubilee Function of the Institute was held at Calcutta from 1st to 4th March, 1970. The celebration was attended by some foreign guests including Mr. Shoaib, the First President of the Institute, then the Vice-President of the International Bank for Reconstruction and Development. Read More... |
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| 11. CMA N. K. Bose (1968-69) |
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The Central Government recognized Cost Accountants as eligible persons to represent cases of Income Tax on behalf of their clients under Section 288 (2) (v) of the Income Tax Act, 1961. |
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Also, Cost Accountants were recognized to act as Valuers under section 4(3) of the Estate Duty Act, 1953. |
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The Controller of Imports & Exports accorded recognition to a Cost Accountant to certify the total CIF value of imported raw materials and components, consumed by units engaged in priority or other industries for the purpose of providing facilities to the units under the import policy for 1969-70. |
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| 10. CMA S. V. Iyer (1967-68) |
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The Institute was represented at the Ninth International Congress of Accountants, held at Paris in September, 1967, by Shri R. S. Sadasiva Iyer and Shri N. K. Bose, both members of the Council. |
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| 9. CMA R. S. Iyer Sadasiva (1966-67) |
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A Conference of Accountants, sponsored jointly for the first time by the Institute of Cost & Works Accountants of India, and the Institute of Chartered Accountants of India, was held at Jaipur, between 27th and 29th January, 1967. |
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| 8. CMA V. K. Srinivasan (1965-66) |
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Amendment to Companies Act, 1956, introduced a new section making provision for audit of cost accounts, in case of need, of companies engaged in specific activities. |
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| 7. CMA D. D. Kalra (1964-65) |
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The Institute undertook jointly with the Institute of Chartered Accountants of India to host the Fourth Conference of Asian & Pacific Accountants, held at Delhi, between 29th November and 2nd December, 1965. |
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| 6. CMA J. N. Bose (1963-64) |
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The Council appointed a Research Director, to look after the research activities of the Institute. |
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New projects were taken up, such as, Inter-firm comparison, study of the concept fair return on capital, and training of shop supervisors and foremen in the basic concepts of cost accountancy. |
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| 5. CMA V. Srinivasan (1962-63) |
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The Council’s delegate, Shri R. K. Ojha, FICWA, participated in the Eighth International Congress of Accountants which was held in New York from 23rd to 27th September, 1962. |
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Delegates of the Institute, Shri N.K. Roy, and Shri T.K. Biswas, participated in the Third Asian and Pacific Accounting Conference, held in Tokyo in October, 1962. |
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Shri. G. Basu, Past President, ICWA, was elected as Member of Parliament in the General Election held in February, 1962. |
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| 4. CMA G. Basu (1956-62) |
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In 1957, a batch of senior Government Officers was deputed by the Ministry of Railways to obtain a short term theoretical and practical training in costing in the Institute. |
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The Institute of Cost & Works Accountants of India was established under an Act of Parliament (23 of 1959). It took over the existing Institute of Cost & Works Accountants. Read More... |
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