The Cost and Works Accountants Act, 1959

Section 22A – The Cost and Works Accountants Act, 1959

Constitution of Appellate Authority. The Appellate Authority constituted under sub-section (1) of section 22A of the Chartered Accountants Act, 1949 (38 of 1949), shall be deemed to be the Appellate Authority for the purposes of this Act subject to the modification that for clause (b) of said sub-section (1), the following clause had been substituted, namely :— “(b) the […]

Section 22A – The Cost and Works Accountants Act, 1959 Read More »

Section 22 – The Cost and Works Accountants Act, 1959

Professional or other misconduct defined For the purposes of this Act, the expression “professional or other misconduct” shall be deemed to include any act or omission provided in any of the Schedules but nothing in this section shall be construed to limit or abridge in any way the power conferred or duty cast on the

Section 22 – The Cost and Works Accountants Act, 1959 Read More »

Section 21C – The Cost and Works Accountants Act, 1959

Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court. For the purposes of an inquiry under the provisions of this Act, the Authority, the Disciplinary Committee, Board of Discipline and the Director (Discipline) shall have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908

Section 21C – The Cost and Works Accountants Act, 1959 Read More »

Section 21D – The Cost and Works Accountants Act, 1959

Transitional provisions All complaints pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to the commencement of the Cost and Works Accountants (Amendment) Act, 2006 shall continue to be governed by the provisions of this Act, as if this Act had not been

Section 21D – The Cost and Works Accountants Act, 1959 Read More »

Section 21B – The Cost and Works Accountants Act, 1959

Disciplinary Committee (1) The Council shall constitute a Disciplinary Committee consisting of the President or the Vice-President of the Council as the Presiding Officer and two members to be elected from amongst the members of the Council and two members to be nominated by the Central Government from amongst the persons of eminence having experience in the field of law, economics, business, finance or accountancy:

Section 21B – The Cost and Works Accountants Act, 1959 Read More »

Section 21A – The Cost and Works Accountants Act, 1959

Board of Discipline (1) The Council shall constitute a Board of Discipline consisting of— (a) a person with experience in law and having knowledge of disciplinary matters and the profession, to be its Presiding Officer; (b) two members one of whom shall be a member of the Council elected by the Council and the other member shall be the person designated under clause

Section 21A – The Cost and Works Accountants Act, 1959 Read More »

Section 21 – The Cost and Works Accountants Act, 1959

Disciplinary Directorate (1) The Council shall, by notification, establish a Disciplinary Directorate headed by an officer of the Institute designated as Director (Discipline) and such other employees for making investigations in respect of any information or complaint received by it. (2) On receipt of any information or complaint along with the prescribed fee, the Director (Discipline) shall arrive at a prima facie

Section 21 – The Cost and Works Accountants Act, 1959 Read More »

Section 20 – The Cost and Works Accountants Act, 1959

Removal from the Register. (1) The Council may remove from the Register the name of any member of the Institute,— (a) who is dead; or (b) from whom a request has been received to that effect; or (c) who has not paid any prescribed fee required to be paid by him; or (d) who is found to have been subject at the

Section 20 – The Cost and Works Accountants Act, 1959 Read More »

Section 19 – The Cost and Works Accountants Act, 1959

Register (1) The Council shall maintain in the prescribed manner a Register of the members of the Institute. (2) The Register shall include the following particulars about every member of the Institute, namely:— (a) his full name, date of birth, domicile, residential and professional addresses; (b) the date on which his name is entered in the Register; (c) his qualifications; (d) whether he holds a certificate

Section 19 – The Cost and Works Accountants Act, 1959 Read More »

Section 18 – The Cost and Works Accountants Act, 1959

Finances of the Council (1) There shall be established a fund under the management and control of the Council into which shall be paid all moneys received by the Council and out of which shall be met all expenses and liabilities properly incurred by the Council. (2) The Council may invest any money for the time being standing to the credit of

Section 18 – The Cost and Works Accountants Act, 1959 Read More »