Section 30 – The Chartered Accountants Act, 1949

(1) The Council may, by notification in the “Gazette of India”, make regulations for the purpose of carrying out the objects of this Act. ¹[…]

(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters :-

(a) the standard and conduct of examinations under this Act;

(b) the qualifications for the entry of the name of any person in the Register as a member of the Institute;

(c) the conditions under which any examination or training may be treated as equivalent to the examination and training prescribed for members of the Institute;

(d) the conditions under which any foreign qualification may be recognised;

(e) the manner in which and the conditions subject to which applications for entry in the Register may be made;

(f) the fees payable for membership of the Institute and the annual fees payable by associates and fellows of the Institute in respect of their certificates;

(g) the manner in which elections to ²[……..] the Regional Councils may be held;

(h) the particulars to be entered in the Register;

(i) the functions of Regional Councils;

³[(j) the training of articled and audit ⁴[assistants], the fixation of limits within which premia may be charged from articled ⁵[assistants] and the cancellation of articles and termination of audit service for misconduct or for any other sufficient cause;]

(k) the regulation and maintenance of the status and standard of professional qualifications of members of the Institute;

(I) the carrying out of research in accountancy;

(m) the maintenance of a library and publication of books and periodicals on accountancy;

(n) the management of the property of the Council and the maintenance and audit of its accounts;

(o) the summoning and holding of meetings of the Council, the times and places of such meetings, the conduct of business thereat and the number of members necessary to form a quorum;

(p) the powers, duties and functions of the President and the Vice-President of the Council;

(q) the functions of the Standing and other Committees and the conditions subject to which such functions shall be discharged;

(r) the terms of office, and the powers, duties and functions of the Secretary and other officers and servants of the Council; ⁶[and]

⁷[(s) ]

(t) any other matter which is required to be or may be prescribed under this Act.

(3) All regulations made by the Council under this Act shall be subject to the condition of previous publication and to the approval of the Central Government.

(4) Notwithstanding anything contained in subsections (1) and (2) the Central Government may frame the first regulations⁸ for the purposes mentioned in this Section, and such regulations shall be deemed to have been made by the Council, and shall remain in force from the date of the coming into force of this Act, until they are amended, altered or revoked by the Council.

Amendment

¹ The words, “and a copy of such regulations shall be sent to each member of the Institute ”omitted by the Chartered Accountants (Amendment) Act, 2006 w.e.f. 8^th August, 2006.

² The words, “the Council and ”omitted by the Chartered Accountants (Amendment) Act, 2006 w.e.f. 8^th August, 2006.

³ Substituted, for the following, by the Chartered Accountants (Amendment) Act, 1959 :-

“(j) The training of articled clerks and the fixation of limits within which premia may be charged from such clerks and the cancellation of articles for misconduct or for any other sufficient cause.”

^4&5 Substituted, for the word, “clerks ”by the Chartered Accountants (Amendment) Act, 2006 and came into force w.e.f. 8^th August, 2006.

⁶ Inserted by the Chartered Accountants (Amendment) Act, 2006 and came into force w.e.f. 8^th August, 2006.

⁷ The following clause omitted by the Chartered Accountants (Amendment) Act, 2006 w.e.f. 8^th August, 2006 :-

“(s) the exercise of disciplinary powers conferred by this Act; and”

⁸ The Regulations framed by the Central Government by Notification No. 10-A(6)/49 dated 25^th June, 1949 were published in the Gazette of India of the same date.