Appendix No-20 – The Chartered Accountants Act, 1949

Published in Part III Section 4 of the Gazette of India dated 20th November 1965

6th November, 1965

No. 1-CA(7)/65. – In exercise of the powers conferred by clause (ii) of Part II of the Second Schedule to the Chartered Accountants Act, 1949, the Council of the Institute of Chartered Accountants of India specifies that a member of the Institute who is an employee shall be deemed to be guilty of professional misconduct if he is wilfully and grossly negligent in the conduct of his duties as such employee.

C. Balakrishnan

Secretary

[The Notification given in Appendix No. (21) was in operation until issuance of Council General Guidelines, 2008 – No. 1-CA(7)/02/2008 dated 8th August, 2008, given at Appendix No. (34)]

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