The Cost and Works Accountants Act, 1959

Alteration in the Register and cancellation of certificate. (1) Where an order is made under this Act reprimanding a member a record of the punishment shall be entered against his name in the Register. (2) Where the name of any member is removed, the certificate of practice granted to him under this Act shall be recalled …

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Appeals Amendment 1Omitted by the Cost and Works Accountants (Amendment) Act, 2006, w.e.f.17-11-2006. Prior to its omission, section 33 read as under: ‘33. Appeals.—(1) Any member of the Institute aggrieved by any order of the Council imposing on him any of the penalties referred to in clause (a) or clause (b) of sub-section (4) of section …

Section 33 – The Cost and Works Accountants Act, 1959 Read More »

Provisions respecting employees of the dissolved company. (1) Every person employed in the dissolved company prior to the 1st day of September, 1958, and still in its employment immediately before the commencement of this Act shall, as from such commencement, become an employee of the Institute, shall hold his office or service therein by the same tenure and …

Section 32 – The Cost and Works Accountants Act, 1959 Read More »

Transfer of assets and liabilities of the dissolved company to the Institute. (1) On the commencement of this Act, there shall be transferred to and vested in the Institute all the assets and liabilities of the dissolved company. (2) The assets of the dissolved company shall be deemed to include all rights and powers, and all property, whether movable or …

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Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956. On the commencement of this Act,— (a) the company known as the Institute of Cost and Works Accountants registered under the Companies Act, 1956 (1 of 1956), shall be dissolved and thereafter no person shall make, assert or take any claims, demands …

Section 30 – The Cost and Works Accountants Act, 1959 Read More »

Terms and conditions of service of Chairperson and members of Board and its expenditure. (1) The terms and conditions of service of the Chairperson and the members of the Board, and their allowances shall be such as may be specified. (2) The expenditure of the Board shall be borne by the Council.] Practice area’s of B K Goyal & Co …

Section 29D – The Cost and Works Accountants Act, 1959 Read More »

Procedure of Board. The Board shall meet at such time and place and follow in its meetings such procedure as may be specified. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | …

Section 29C – The Cost and Works Accountants Act, 1959 Read More »

Functions of Board. The Board shall perform the following functions, namely:— (a) to make recommendations to the Council with regard to the quality of services provided by the members of the Institute; (b) to review the quality of services provided by the members of the Institute including cost audit services; and (c) to guide the members of the Institute to improve the quality of …

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Establishment of Quality Review Board. (1) The Central Government shall, by notification, constitute a Quality Review Board consisting of a Chairperson and four other members. (2) The Chairperson and members of the Board shall be appointed from amongst the persons of eminence having experience in the field of law, economics, business, finance or accountancy. (3) Two members of the Board shall be …

Section 29A – The Cost and Works Accountants Act, 1959 Read More »

Sanction to prosecute. No person shall be prosecuted under this Act except on a complaint made by or under the order of the Council or of the Central Government. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing …

Section 29 – The Cost and Works Accountants Act, 1959 Read More »