Complied AIComplied AIBack to law libraryReading nowCost Accountants Act, 195910 chapters · 59 sections · 2 schedules
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Cost Accountants Act, 1959

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Act No. 23 of 1959 · Act structure

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10 chapters · 59 sections · 2 schedules. Tap a division to reveal its provisions.

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

Preliminary

2 sections
  • 1Short title, extent and commencement
  • 2Definitions and interpretation
2the Institute of Cost Accountants6 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 cost accountants
  • 8Disabilities
2

the Institute of Cost Accountants

6 sections
  • 3Incorporation of the Institute
  • 4Entry of names in the Register of members
  • Browse 4 more provisions
3Council of the Institute14 sections
Chapter 3 overview
  • 9Constitution of the Council of the Institute
  • 10Re-election or re-nomination to Council
  • 10ASettlement of disputes regarding election
  • 10BEstablishment of Tribunal
  • 11Nomination in default of election
  • 12President and Vice-president
  • 13Resignation of membership and casual vacancies
  • 14Duration and dissolution of Council
  • 15Functions of Council
  • 15AFunctions of Institute
  • 15BImparting education by Universities and other bodies
  • 16Officers and employees, salary, allowances, etc
  • 17Committees of the Council
  • 18Finances of the Council
3

Council of the Institute

14 sections
  • 9Constitution of the Council of the Institute
  • 10Re-election or re-nomination to Council
  • Browse 12 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
5Misconduct11 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 members of Authority
  • 22CProcedure, etc., of Authority
  • 22DOfficers and other staff of Authority
  • 22EAppeal to Authority
5

Misconduct

11 sections
  • 21Disciplinary Directorate
  • 21ABoard of Discipline
  • Browse 9 more provisions
6Regional Council1 section
Chapter 6 overview
  • 23Constitution and functions of Regional Councils
6

Regional Council

1 section
  • 23Constitution and functions of Regional Councils
7Penalties6 sections
Chapter 7 overview
  • 24Penalty for falsely claiming to be a member, etc
  • 25Penalty for using name of the Council, awarding degrees of cost accountancy, etc
  • 26Companies not to engage in cost accountancy
  • 27Unqualified persons not to sign documents
  • 28Offences by companies
  • 29Sanction to prosecute
7

Penalties

6 sections
  • 24Penalty for falsely claiming to be a member, etc
  • 25Penalty for using name of the Council, awarding degrees of cost accountancy, etc
  • Browse 4 more provisions
7AQuality Review Board4 sections
Chapter 7A overview
  • 29AEstablishment of Quality Review Board
  • 29BFunctions of Board
  • 29CProcedure of Board
  • 29DTerms and conditions of service of Chairperson and members of Board and its expenditure
7A

Quality Review Board

4 sections
  • 29AEstablishment of Quality Review Board
  • 29BFunctions of Board
  • Browse 2 more provisions
8Disssolution of the Institute of Cost and Works Accountants Registered Under the Companies Act, 1956 (1 of 1956)3 sections
Chapter 8 overview
  • 30Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956
  • 31Transfer of assets and liabilities of the dissolved company to the Institute
  • 32Provisions respecting employees of the dissolved company
8

Disssolution of the Institute of Cost and Works Accountants Registered Under the Companies Act, 1956 (1 of 1956)

3 sections
  • 30Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956
  • 31Transfer of assets and liabilities of the dissolved company to the Institute
  • Browse 1 more provision
9Miscellaneous10 sections
Chapter 9 overview
  • 33Omitted
  • 34Coordination Committee
  • 35Directions of the Central Government
  • 36Protection of action taken in good faith
  • 36AMembers, etc., to be public servants
  • 37Maintenance of branch offices
  • 38Reciprocity
  • 38APower of Central Government to make rules
  • 39Power to make regulations
  • 40Rules, regulations and notifications to laid before Parliament
9

Miscellaneous

10 sections
  • 33Omitted
  • 34Coordination Committee
  • Browse 8 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