JS passes Cost and Management Accountants Bill, 2018

The Cost and Management Accountants Bill, 2018 was passed in the Jatiya Sangsad in an amended form with a view to keeping continuity of the works of the republic, rule of law and legal rights of the people and also a befitting manner, reports BSS.

Commerce Minister Tofail Ahmed on Monday moved the bill which was passed unanimously by voice votes with Deputy Speaker Fazley Rabbi Miah in the chair.

Placing the bill, the commerce minister said the proposed bill will replace the Cost and Management Accountants Ordinance, 1977.

The Institute of Cost and Management Accountants of Bangladesh will be established under the proposed bill and the headquarters of the institute also to be located at Dhaka, according to the proposed bill.

Earlier, the draft of the proposed Cost and Management Accountants Bill, 2018 was placed in the parliament on October 25 as per the rule 246 of the rules of procedures and then it was sent to the parliamentary standing committee for providing report after further scrutiny.