Institute Of Cost Accountants Of India (ICoAl) And Institute Of Company Secretaries Of India (ICSI):
The Union Cabinet has granted ex-post facto approval to the MoUs entered into by the Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with various Foreign Countries/Organisations.
- The Institute of Cost Accountants of India (ICoAl) was established by a Special Act of Parliament, namely, the Cost and Works Accountants Act, 1959 as a statutory professional body for the regulation of the profession of Cost Accountancy.
- It is the only recognized statutory professional organization and licensing body in India specializing exclusively in Cost Accountancy.
- Institute of Company Secretaries of India (ICSI) is a statutory body established by an Act of Parliament of India, i.e. The Company Secretaries Act, 1980, to develop and regulate the profession of Company Secretaries in India.
