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, bocy, 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.

  1. 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.
  2. 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 inculging 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)