What is ICMAI ? Its History and the primary qualification of the ICMAI History of ICMAI The Institute of Cost and Management Accountants of India (ICMAI) was established in 1944 as a registered limited liability company (LLC) under the terms of the Companies Act of 1913. ICMAI's goals include regulating, promoting, and growing the field of value accounting. This law was passed to give ICWAI statutory registration as an independent professional institute. On December 12, 2011, the CWA Amendment Bill was introduced in both houses of parliament — the Lok Sabha and the Rajya Sabha. The CWA Amendment law was approved by the Honorable President of India on January 12, 2012. The amendments were published in India's Official Gazette on January 13, 2012. ICMAI qualifications and curriculum CMA completion is the ICMAI's primary qualification, which entails passing up to three levels of examinations – Foundation, Intermediate , and Final – as well as three years of practical tr
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