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Bare acts > Cost and Works Accountants Act, 1959
 
 
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Cost and Works Accountants Act, 1959

As amended upto date

  
 Preamble
  
 CHAPTER I : PRELIMINARY
1.Short title, extent and commencement
2.Definitions and interpretation
  
 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
  
 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
  
 CHAPTER IV : REGISTER OF MEMBERS
19.Register
20.Removal from the Register
  
 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
  
 CHAPTER VI : REGIONAL COUNCILS
23.Constitution and functions of Regional Councils
  
 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
  
 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
  
 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
  
 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
  
 FIRST SCHEDULE
 SECOND SCHEDULE
 
 
 

 

 

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