Act Info:
Preamble1 - COST AND WORKS ACCOUNTANTS ACT, 1959
Chapter I Section1 - Short title, extent and commencement
Section2 - Definitions and interpretation
Chapter II Section3 - Incorporation of the Institute
Section4 - Entry of names in the Register
Section5 - Fellows and Associates
Section6 - Certificate of practice
Section7 - Members to be known as cost accountants
Section8 - Disabilities
Chapter III Section9 - Constitution of the Council of the Institute
Section10 - Re-election or re-nomination to Council
Section10A - Settlement of disputes regarding election
Section10B - Establishment to Tribunal
Section11 - Nomination in default of election
Section12 - President and Vice-president
Section13 - Resignation of membership and casual vacancies
Section14 - Duration and dissolution of Council
Section15 - Functions of the Council
Section15A - Functions of Institute
Section15B - Imparting education by Universities and other bodies
Section16 - Officers and employees, salary, allowances, etc.
Section17 - Committees of the Council
Section18 - Finances of the Council
Chapter IV Section19 - Register
Section20 - Removal from the Register
Chapter V Section21 - Disciplinary Directorate
Section21A - Board of Discipline
Section21B - Disciplinary Committee
Section21C - Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court
Section21D - Transitional provisions
Section22 - Professional or other misconduct defined
Section22A - Constitution of Appellate Authority
Section22B - Term of office of members of Authority
Section22C - Procedure, etc., of Authority
Section22D - Officers and other staff of Authority
Section22E - Appeal to Authority
Chapter VI Section23 - Constitution and functions of Regional Councils
Chapter VII Section24 - Penalty for falsely claiming to be a member, etc
Section25 - Penalty for using name of the Council, awarding degrees of cost accountancy, etc
Section26 - Companies not to engage in cost accountancy
Section27 - Unqualified persons not to sign
Section28 - Offences by companies
Section29 - Sanction to prosecute
Chapter VIIA Section29A - Establishment of Quality Review Board
Section29B - Functions of Board
Section29C - Procedure of Board
Section29D - Terms and conditions of service of Chairperson and members of Board and its expenditure
Chapter VIII Section30 - Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956
Section31 - Transfer of assets and liabilities of the dissolved company to the Institute
Section32 - Provisions respecting employees of the dissolved company
Chapter IX Section33 - Appeals [Omitted]
Section34 - Alteration in the Register and cancellation of certificate
Section35 - Directions of the Central Government
Section36 - Protection of action taken in good faith
Section36A - Members, etc., to be public servants
Section37 - Maintenance of branch offices
Section38 - Reciprocity
Section38A - Power of Central Government to make rules
Section39 - Power to make regulations
Section40 - Rules, regulations and notifications to laid before Parliament
ScheduleI - FIRST SCHEDULE
ScheduleII - SECOND SCHEDULE
Amending Act1 - COST AND WORKS ACCOUNTANTS (AMENDMENT) ACT, 2006