Professional misconduct in relation to members of the Institute generally A member of the Institute, whether in practice or not, shall be deemed to be guilty of professional misconduct, if he– (1) not being a fellow of the Institute, acts as a fellow of the Institute; (2) does not supply the information called for, or […]

Professional misconduct in relation to members of the Institute in service A member of the Institute (other than a member in practice) shall be deemed to be guilty of professional misconduct, if he being an employee of any company, firm or person– (1) pays or allows or agrees to pay directly or indirectly to any person any share in

Professional misconduct in relation to chartered accountants in practice A chartered accountant in practice shall be deemed to be guilty of professional misconduct, if he – (1) allows any person to practice in his name as a chartered accountant unless such person is also a chartered accountant in practice and is in partnership with or employed by him; (2) pays or allows or

Repealed Amendment 1 The following Section 33 was repealed by the Repealing and Amending Act, 1952 (No. XLVIII of 1952) – Gazette of India Extraordinary dated 2nd August,1952: “33. Amendment of Section 144, Indian Companies Act, 1913 In Section 144 of the Indian Companies Act, 1913 (VII of 1913), for sub-sections (1), (2), (2A), and (2B), the following sub-section

Act not to affect right of accountants to practise as such in Acceding States Nothing contained in this Act shall affect the right of any person who, at the commencement of this Act, is entitled to engage himself in the practice of accountancy in any 1[Part B State] under any law in force in that State, to

Construction of references Any reference to a chartered accountant or a registered accountant or a certified or qualified auditor in any other law or in any document whatsoever shall be construed as a reference to a chartered accountant in practice within the meaning of this Act.] Amendment 1 Substituted, for the following, by the Chartered Accountants (Amendment) Act, 1959 :- “31. References

Members, etc., to be public servants The Chairperson, Presiding Officer, members and other officers and employees of the Authority, Disciplinary Committee, Tribunal, Board, Board of Discipline or the Disciplinary Directorate shall be deemed to be public servants within the meaning of Section 21 of the Indian Penal Code.*]  

Protection of action taken in good faith No suit, prosecution or other legal proceeding shall lie against the Central Government or the Council or the Authority or the Disciplinary Committee or the Tribunal or the Board or the Board of Discipline or the Disciplinary Directorate or any officer of that Government, Council, Authority, Disciplinary Committee, Tribunal, Board, Board of Discipline or the Disciplinary Directorate, for anything which is in good faith

Power of Central Government to issue directions (1) In the event of non-compliance by the Council of any provisions of this Act, the Central Government may give to the Council such general or special directions as it considers necessary to ensure compliance and the Council shall, in the discharge of its functions under this Act, comply with such directions. (2) If,

Rules, regulations and notifications to be laid before Parliament Every rule and every regulation made and every notification issued under this Act shall be laid, as soon as may be after it is made or issued, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised