ICAI clarification on illegal and unauthorised use of acronym “ICAI” by Institute of Cost Accountants
Illegal and unauthorised use of acronym “ICAI”
Institute of Chartered Accountants of India (ICAI) has clarified on the issue of alleged illegal and unauthorised use of the acronym “ICAI” by the Institute of Cost Accountants of India.
According to the ICAI, a news item published in Times of India with the tag line “Court refuses to stop cost accountants from using ICAI acronym” gives a 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.
According to the ICAI the above impression given by the news item is totally erroneous and misplaced and does not flow from the judgment of the High Court and has been wrongly reported.
The ICAI has clarified that the judgment was delivered with respect to a Writ Petition filed by one of the member of ICAI, However the High Court dismissed the Petition on the ground of want of locus-standi of the Petitioner.
ICAI has informed that the acronym ‘ICAI’ is its registered Trade Mark. Therefore, ICAI being its registered proprietor/owner and prior user, is exclusively entitled to use acronym ‘ICAI’ to denote its identity. Any unauthorised/illegal use of the acronym ‘ICAI’ by any person/entity amounts to infringement of Trade Mark.
The ICAI has also stated that it has already taken up the matter with the Government for its redressal and would pursue the same subsequent to aforesaid judgment with appropriate authorities. Also, legal remedies available for enforcement of its rights are also considered.
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