Hyderabad, Oct 18 (UNI) Institute of Cost and Works Accountants of India (ICWAI) President Chandra Wadhwa today said a bill was likely to be introduced in the winter session of Parliament for setting up a regulatory body for ''Valuer Professionals''.
Speaking on the occassion of laying foundation stone for the Hyderabad Centre for Excellence (HCE) of ICWAI here, he said the regulatory body ''Council For Valuer Professionals of India'' would be set up on the lines of Medical Council of India.
He said ICWAI was establishing 'Centres for Excellence' across the country and the 'HCE', which was the first centre, would be one of the prominent centres of research and training.
The other centres would be established at Mumbai and Jaipur, Mr Wadwa said, adding that a new ICWAI syllabus was being introduced from 2008 and three-year articleship would be made mandatory.
The ICWAI would host the prestigious 'Global Summit' in January, 2008, which would be attended by 1,000 delegates from India and abroad, he said.
Earlier, laying the foundation Stone for the centre, Chief Minister Y S Rajasekhara Reddy said Cost Accounts had a vital role in the nation's development.
He hoped that the Institute would produce more efficient cost accountants and management experts, who would render better and efficient management to the state and the country.