SECTIONS
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Cost
and Works Accountants Act, 1959
As amended upto date |
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Preamble |
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CHAPTER I : PRELIMINARY |
| 1. |
Short
title, extent and commencement |
| 2. |
Definitions
and interpretation |
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CHAPTER II : THE INSTITUTE OF COST AND WORKS
ACCOUNTANTS |
| 3. |
Incorporation
of the Institute |
| 4. |
Entry
of names in the Register |
| 5. |
Fellows
and Associates |
| 6. |
Certificate
of practice |
| 7. |
Members
to be known as cost accountants |
| 8. |
Disabilities |
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CHAPTER III : COUNCIL OF THE INSTITUTE |
| 9. |
Constitution
of the Council of the Institute |
| 10. |
Re-election
or re-nomination to Council |
| 10-A. |
Settlement
of disputes regarding election |
| 10-B. |
Establishment
of Tribunal |
| 11. |
Nomination
in default of election |
| 12. |
President
and Vice-President |
| 13. |
Resignation
of membership and casual vacancies |
| 14. |
Duration
and dissolution of Council |
| 15. |
Functions
of Council |
| 15-A. |
Functions
of Institute |
| 15-B. |
Imparting
education by Universities and other bodies |
| 16. |
Officers
and employees, salary, allowances, etc |
| 17. |
Committees
of the Council |
| 18. |
Finances
of the Council |
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CHAPTER IV : REGISTER OF MEMBERS |
| 19. |
Register |
| 20. |
Removal
from the Register |
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CHAPTER V : MISCONDUCT |
| 21. |
Disciplinary
Directorate |
| 21-A. |
Board
of Discipline |
| 21-B. |
Disciplinary
Committee |
| 21-C. |
Authority,
Disciplinary Committee, Board of Discipline and Director
(Discipline) to have powers of civil court |
| 21-D. |
Transitional
provisions |
| 22. |
Professional
or other misconduct defined |
| 22-A. |
Constitution
of Appellate Authority |
| 22-B. |
Term
of office of members of Authority |
| 22-C. |
Procedure,
etc., of Authority |
| 22-D. |
Officers
and other staff of Authority |
| 22-E. |
Appeal
to Authority |
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CHAPTER VI : REGIONAL COUNCILS |
| 23. |
Constitution
and functions of Regional Councils |
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CHAPTER VII : PENALTIES |
| 24. |
Penalty
for falsely claiming to be a member, etc |
| 25. |
Penalty
for using name of the Council, awarding degrees of cost
accountancy, etc |
| 26. |
Companies
not to engage in cost accountancy |
| 27. |
Unqualified
persons not to sign documents |
| 28. |
Offences
by companies |
| 29. |
Sanction
to prosecute |
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CHAPTER VII A : QUALITY REVIEW BOARD |
| 29-A. |
Establishment
of Quality Review Board |
| 29-B. |
Functions
of Board |
| 29-C. |
Procedure
of Board |
| 29-D. |
Terms
and conditions of service of Chairperson and members of
Board and its expenditure |
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CHAPTER VIII : DISSOLUTION OF THE INSTITUTE
OF COST AND WORKS ACCOUNTANTS REGISTERED UNDER THE COMPANIES
ACT, 1956 (1 OF 1956) |
| 30. |
Dissolution
of the Institute of Cost and Works Accountants registered
under the Companies Act, 1956 |
| 31. |
Transfer
of assets and liabilities of the dissolved company to
the Institute |
| 32. |
Provisions
respecting employees of the dissolved company |
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CHAPTER IX : MISCELLANEOUS |
| 33. |
Appeals.
[Omitted] |
| 34. |
Alteration
in the Register and cancellation of certificate |
| 35. |
Directions
of the Central Government |
| 36. |
Protection
of action taken in good faith |
| 36-A. |
Members,
etc., to be public servants |
| 37. |
Maintenance
of branch offices |
| 38. |
Reciprocity |
| 38-A. |
Power
of Central Government to make rules |
| 39. |
Power
to make regulations |
| 40. |
Rules,
regulations and notifications to be laid before Parliament |
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FIRST
SCHEDULE |
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SECOND
SCHEDULE |
