Chartered Accountants Act, 1949

Bare Act · 1949

An Act to make provision for the 1 [regulation and development] of the 2 [profession of chartered accountants].

Act number: 38 of 1949
Enacted: 1 May 1949
Contents: 60 sections · 9 chapters

The first 5 sections are free to read. Sign in free to read the rest.

Contents

Chapter I — Preliminary

Chapter II — The Institute Of Chartered Accountants Of India

Chapter III — Council Of The Institute

Section 9 – Constitution of the Council of the Institute (preview)
Section 9A – Coordination Committee (preview)
Section 10 – Re-election or re-nomination to Council (preview)
Section 10A – Settlement of dispute regarding election (preview)
Section 10B – Establishment of Tribunal (preview)
Section 11 – Nomination in default of election or nomination (preview)
Section 12 – President and Vice-President (preview)
Section 13 – Resignation of membership and casual vacancies (preview)
Section 14 – Duration and dissolution of Council (preview)
Section 15 – Functions of the Council (preview)
Section 15A – Imparting education by Universities and other bodies (preview)
Section 15B – Functions of Institute (preview)
Section 16 – Officers and employees, salary, allowances, etc (preview)
Section 17 – Committees of the Council (preview)
Section 18 – Finance of the Council (preview)

Chapter IV — Register Of Members

Section 19 – Register of members (preview)
Section 20 – Removal from the Register of members (preview)

Chapter V — Misconduct

Section 21 – Disciplinary Directorate (preview)
Section 21A – Board of Discipline (preview)
Section 21B – Disciplinary Committee (preview)
Section 21C – Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court (preview)
Section 21D – Transitional provisions (preview)
Section 22 – Professional or other misconduct defined (preview)
Section 22A – Constitution of Appellate Authority (preview)
Section 22B – Term of office of Chairperson and members of Authority (preview)
Section 22C – Allowances and conditions of service of Chairperson and members of Authority (preview)
Section 22D – Procedure to be regulated by Authority (preview)
Section 22E – Officers and other staff of Authority (preview)
Section 22F – Resignation and removal of Chairperson and members (preview)
Section 22G – Appeal to Authority (preview)

Chapter VI — Regional Councils

Section 23 – Constitution and functions of Regional Councils (preview)

Chapter VII — Penalties

Section 24 – Penalty for falsely claiming to be a member, etc (preview)
Section 24A – Penalty for using name of the Council, awarding degrees of chartered accountancy, etc (preview)
Section 25 – Companies not to engage in accountancy (preview)
Section 26 – Unqualified persons not to sign documents (preview)
Section 27 – Maintenance of branch offices (preview)
Section 28 – Sanction to prosecute (preview)

Chapter VII — A

Section 28A – Establishment of Quality Review Board (preview)
Section 28B – Functions of Board (preview)
Section 28C – Procedure of Board (preview)
Section 28D – Terms and conditions of services of Chairperson and members of Board and its expenditure (preview)

Chapter VIII — Miscellaneous

Section 29 – Reciprocity (preview)
Section 29A – Power of Central Government to make rules (preview)
Section 30 – Power to make regulations (preview)
Section 30A – Powers of Central Government to direct regulations to be made or to make or amend regulations (preview)
Section 30B – Rules, regulations and notifications to be laid before Parliament (preview)
Section 30C – Power of Central Government to issue directions (preview)
Section 30D – Protection of action taken in good faith (preview)
Section 30E – Members, etc., to be public servants (preview)
Section 31 – Construction of references (preview)
Section 32 – Act not to affect right of accountants to practise as such in Part B States (preview)
Section 33 – Repealed (preview)