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Chartered Accountants Act, 1949

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Act No. 38 of 1949 · Act structure

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9 chapters · 60 sections · 2 schedules. Tap a division to reveal its provisions.

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1Preliminary2 sections
Chapter 1 overview
  • 1Short title, extent and commencement
  • 2Interpretation
1

Preliminary

2 sections
  • 1Short title, extent and commencement
  • 2Interpretation
2the Institute of Chartered Accountants of India6 sections
Chapter 2 overview
  • 3Incorporation of the Institute
  • 4Entry of names in the Register of members
  • 5Fellows and Associates
  • 6Certificate of practice
  • 7Members to be known as Chartered Accountants
  • 8Disabilities
2

the Institute of Chartered Accountants of India

6 sections
  • 3Incorporation of the Institute
  • 4Entry of names in the Register of members
  • Browse 4 more provisions
3Council of the Institute15 sections
Chapter 3 overview
  • 9Constitution of the Council of the Institute
  • 9ACoordination Committee
  • 10Re-election or re-nomination to Council
  • 10ASettlement of dispute regarding election
  • 10BEstablishment of Tribunal
  • 11Nomination in default of election or nomination
  • 12President and Vice-President
  • 13Resignation of membership and casual vacancies
  • 14Duration and dissolution of Council
  • 15Functions of the Council
  • 15AImparting education by Universities and other bodies
  • 15BFunctions of Institute
  • 16Officers and employees, salary, allowances, etc
  • 17Committees of the Council
  • 18Finance of the Council
3

Council of the Institute

15 sections
  • 9Constitution of the Council of the Institute
  • 9ACoordination Committee
  • Browse 13 more provisions
4Register of Members2 sections
Chapter 4 overview
  • 19Register of members
  • 20Removal from the Register of members
4

Register of Members

2 sections
  • 19Register of members
  • 20Removal from the Register of members
5Misconduct13 sections
Chapter 5 overview
  • 21Disciplinary Directorate
  • 21ABoard of Discipline
  • 21BDisciplinary Committee
  • 21CAuthority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court
  • 21DTransitional provisions
  • 22Professional or other misconduct defined
  • 22AConstitution of Appellate Authority
  • 22BTerm of office of Chairperson and members of Authority
  • 22CAllowances and conditions of service of Chairperson and members of Authority
  • 22DProcedure to be regulated by Authority
  • 22EOfficers and other staff of Authority
  • 22FResignation and removal of Chairperson and members
  • 22GAppeal to Authority
5

Misconduct

13 sections
  • 21Disciplinary Directorate
  • 21ABoard of Discipline
  • Browse 11 more provisions
6Regional Councils1 section
Chapter 6 overview
  • 23Constitution and functions of Regional Councils
6

Regional Councils

1 section
  • 23Constitution and functions of Regional Councils
7Penalties6 sections
Chapter 7 overview
  • 24Penalty for falsely claiming to be a member, etc
  • 24APenalty for using name of the Council, awarding degrees of chartered accountancy, etc
  • 25Companies not to engage in accountancy
  • 26Unqualified persons not to sign documents
  • 27Maintenance of branch offices
  • 28Sanction to prosecute
7

Penalties

6 sections
  • 24Penalty for falsely claiming to be a member, etc
  • 24APenalty for using name of the Council, awarding degrees of chartered accountancy, etc
  • Browse 4 more provisions
7AQuality Review Board4 sections
Chapter 7A overview
  • 28AEstablishment of Quality Review Board
  • 28BFunctions of Board
  • 28CProcedure of Board
  • 28DTerms and conditions of services of Chairperson and members of Board and its expenditure
7A

Quality Review Board

4 sections
  • 28AEstablishment of Quality Review Board
  • 28BFunctions of Board
  • Browse 2 more provisions
8Miscellaneous11 sections
Chapter 8 overview
  • 29Reciprocity
  • 29APower of Central Government to make rules
  • 30Power to make regulations
  • 30APowers of Central Government to direct regulations to be made or to make or amend regulations
  • 30BRules, regulations and notifications to be laid before Parliament
  • 30CPower of Central Government to issue directions
  • 30DProtection of action taken in good faith
  • 30EMembers, etc., to be public servants
  • 31Construction of references
  • 32Act not to affect right of accountants to practise as such in Part B States
  • 33Repealed
8

Miscellaneous

11 sections
  • 29Reciprocity
  • 29APower of Central Government to make rules
  • Browse 9 more provisions
Sthe First Schedule1 schedule
Schedule overview
  • SSchedule — The First Schedule
S

the First Schedule

1 schedule
  • SSchedule — The First Schedule
Sthe Second Schedule1 schedule
Schedule 2 overview
  • SSchedule 2 — The Second Schedule
S

the Second Schedule

1 schedule
  • SSchedule 2 — The Second Schedule