Act Number: 38

Act Name: The Chartered Accountants Act, 1949

Year: 1949

Enactment Date: 1949-05-01

Long Title: An Act to make provision for the regulation of the profession of chartered accountants.

Ministry: Ministry of Corporate Affairs

Department:

Section 28B: Functions of Board.
    1[28B. Functions of Board.--The Board shall perform the following functions, namely:--
         (a) to make recommendations to the Council with regard to the quality of services provided by the members of the Institute;
         (b) to review the quality of services provided by the members of the Institute including audit services; and
         (c) to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.]
        2[(d) to forward cases of non-compliance with various statutory and regulatory requirements by the members of the Institute or firms, noticed by it during the course of its reviews, to the Disciplinary Directorate for its examination.]
Notes:
1. Ins. by Act 9 of 2006, s. 24 (w.e.f. 17-11-2006).
2. Ins. by Act 12 of 2022, s. 32 (w.e.f. 10-5-2022).
Scroll to Top