Institute of Cost Accountants elects Mohanty as president

NEW DELHI: The Institute of Cost Accountants of India today said Suresh Chandra Mohanty has been elected as the new president.

Mohanty, who replaces Rakesh Singh, has been elected for 2013-14. A S Durga Prasad would be the new vice-president.

"Mohanty is a Graduate in Economics and holding a degree in Law. He is also a Fellow Member of the Institute of Cost Accountants of India ( ICAI) and Institute of Valuers (FIV) of India.

"He is a Registered Valuer under the Wealth Tax Act, 1957 and Licensed Surveyor and Loss Assessor," the institute said in a statement.

He had also served as the Chairman of the Eastern India Regional Council.

ICAI has been set up under an Act of Parliament.