Section List

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 NumberTitleActions
1 Short title, extent and commencement.
2 Interpretation.
3 Incorporation of the Institute.
4Entry of names in the Register of members.
5 Fellows and Associates.
6 Certificate of practice.
7 Members to be known as Chartered Accountants.
8 Disabilities.
9 Constitution of the Council of the Institute
10 Re-election or re-nomination to Council.
10A Settlement of dispute regarding election.
10B Establishment of Tribunal.
11 Nomination in default of election or nomination.
12 President and Vice-President.
13 Resignation of membership and casual vacancies.
14 Duration and dissolution of Council.
15 Functions of the Council.
15A Imparting education by Universities and other bodies.
16 Officers and employees, salary, allowances, etc.
17 Committees of the Council.
18 Finance of the Council.
19Register of members.
20Removal from the Register of members.
21 Disciplinary Directorate.
21A Board of Discipline.
21B Disciplinary Committee.
21C Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court.
21D Transitional provisions.
22 Professional or other misconduct defined.
22A Constitution of Appellate Authority.
22B Term of office of Chairperson and members of Authority.
22C Allowances and conditions of service of Chairperson and members of Authority.
22D Procedure to be regulated by Authority.
22E Officers and other staff of Authority.
22F Resignation and removal of Chairperson and members.
22G Appeal to Authority.
23 Constitution and functions of Regional Councils.
24 Penalty for falsely claiming to be a member, etc.
24A Penalty for using name of the Council, awarding degrees of chartered accountancy, etc.
25 Companies not to engage in accountancy.
26 Unqualified persons not to sign documents.
27 Maintenance of branch offices.
28 Sanction to prosecute.
28A Establishment of Quality Review Board.
28B Functions of Board.
28C Procedure of Board.
28D Terms and conditions of services of Chairperson and members of Board and its expenditure.
29 Reciprocity.
29A Power of Central Government to make rules
30 Power to make regulations.
30APowers of Central Government to direct regulations to be made or to make or amend regulations.
30B Rules, regulations and notifications to be laid before Parliament
30C Power of Central Government to issue directions.
30D Protection of action taken in good faith.
30E Members, etc., to be public servants.
31 Construction of references.
32 Act not to affect right of accountants to practise as such in Part B States.
33 Repealed.
15BFunctions of Institute.
9ACoordination Committee.
Scroll to Top