The Cost and Works Accountants Act, 1959

Offences by companies. (1) If the person committing an offence under this Act is a company, the company as well as every person in charge of, and responsible to, the company for the conduct of its business at the time of the commission of the offence shall be deemed to be guilty of the offence […]

Unqualified persons not to sign documents. (1) No person other than a member of the Institute shall sign any document on behalf of a cost accountant in practice or a firm of such cost accountants in his or its professional capacity. 1[(2) Any person who contravenes the provisions of sub-section (1) shall, without prejudice to any other proceedings which may be

Companies not to engage in cost accountancy. (1) No company, whether incorporated in India or elsewhere, shall practise as cost accountants. (2) Any contravention of the provisions of sub-section (1) shall be punishable on first conviction with fine which may extend to one thousand rupees, and on any subsequent conviction to five thousand rupees. 1[Explanation :

Penalty for using name of the Council, awarding degrees of cost accountancy, etc. (1) Save as otherwise provided in this Act, no person shall,— (i) use a name or a common seal which is identical with the name or the common seal of the Institute or so nearly resembles it as to deceive or as is likely

Penalty for falsely claiming to be a member, etc Any person who,— (i) not being a member of the Institute— (a) represents that he is a member of the Institute; or (b) uses the designation cost accountant; or (ii) being a member of the Institute, but not having a certificate of practice, represents that he is in practice or

Constitution and functions of Regional Councils. (1) For the purpose of advising and assisting it on matters concerning its functions, the Council may constitute such Regional Councils as and when it deems fit for one or more of the regional constituencies that may be specified by the Central Government under clause (a) of subsection (2) of section 9. (2) The Regional Councils shall be

Appeal to Authority (1) Any member of the Institute aggrieved by any order of the Board of Discipline or the Disciplinary Committee imposing on him any of the penalties referred to in sub-section (3) of section 21A and sub-section (3) of section 21B, may within ninety days from the date on which the order is communicated to him, prefer an appeal to

Officers and other Staff of Authority (1) The Council shall make available to the Authority such officers and other staff members as may be necessary for the efficient performance of the functions of the Authority. (2) The salaries and allowances and conditions of service of the officers and other staff members of the Authority shall be such as may be prescribed. Practice area’s

Procedure, etc., of Authority. The provisions of section 22C, section 22D and section 22F of the Chartered Accountants Act, 1949 (38 of 1949) shall apply to the Authority in relation to allowances and terms and conditions of service of its Chairperson and members and in the discharge of its functions under this Act as they apply to

Term of office of members of Authority A person appointed as a member shall hold office for a term of three years from the date on which he enters upon his office or until he attains the age of sixty-two years, whichever is earlier. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |