Public Announcement

Sub: Illegal and Unauthorised use of the acronym “ICAI” by the Institute of Cost Accountants of India
The Institute has come across a News Item published in Times of India (Chennai Edition) dated 26th July, 2020 with the tag line “Court refuses to stop cost accountants from using ICAI acronym” which gives a blatantly wrong impression to the general public as if the Hon’ble Madras High Court has allowed the use of acronym ‘ICAI’ by the Institute of Cost Accountants of India which is totally erroneous and misplaced and does not flow from the judgment as has been wrongly reported in the national daily.

The facts pertaining to the aforesaid news item are that being felt aggrieved by the unwarranted use of the acronym ‘ICAI’ by the Institute of Cost Accountants of India; one of the members of this Institute filed a Writ Petition before the Madras High Court (W.P.No.30203 of 2016) against (1) the Institute of Cost Accountants of India with (2) Union of India, Ministry of Corporate Affairs, (3) the Institute of Chartered Accountants of India as respondents which was dismissed by the Hon’ble High Court on the ground of want of locus-standi of the Petitioner and availability of alternative remedy in the Trade Marks Act, 1999. The Court, in this regard, observed that-

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