The Cost and Works Accountants Act, 1959

Committees of the Council. (1) The Council shall constitute from amongst its members the following Standing Committees, namely :— (i) an Executive Committee; (ii) a 1[Finance] Committee; and (iii) an Examination Committee. (2) The Council may also form a Training and Educational Facilities Committee and such other Committees from amongst its members as it deems necessary for the purpose of carrying […]

Officers and employees, salary, allowances, etc (1) For the efficient performance of its duties, the Council shall— (a) appoint a Secretary of the Council to perform such duties as may be prescribed; (b) appoint a Director (Discipline) to perform such functions as assigned to him under this Act and the rules and regulations framed thereunder; (c) designate an officer of

Imparting education by Universities and other bodies. (1) Subject to the provisions of this Act, any University established by law or any body affiliated to the Institute, may impart education on the subjects covered by the academic courses of the Institute. (2) The Universities or bodies referred to in sub-section (1) shall, while awarding degree, diploma or

Functions of Institute. The functions of the Institute shall include— (a) the examination of candidates for enrolment; (b) the regulation of training of students; (c) the maintenance and publication of a Register of persons qualified to practice as Cost Accountants; (d) collection of fees from members, examinees and other persons; (e) subject to the orders of the appropriate authorities under

Functions of Council. (1) The Institute shall function under the overall control, guidance and supervision of the Council and the duty of carrying out the provisions of this Act shall be vested in the Council. (2) In particular, and without prejudice to the generality of the foregoing powers, the duties of the Council shall include— (a) to approve academic courses and their

Duration and dissolution of Council. (1) The duration of any Council constituted under this Act shall be 1[four] years from the date of its first meeting. (2) Notwithstanding the expiration of the duration of a Council (hereinafter referred to as the former Council), the former Council shall continue to exercise its functions under this Act until a new Council is constituted in accordance with the provisions of

Resignation of membership and casual vacancies (1) Any member of the Council may at any time resign his membership by writing under his hand addressed to the President, and the seat of such member shall become vacant when such resignation is notified in the Official Gazette. (2) A member of the Council shall be deemed to have vacated his seat

President and Vice-President. (1) The Council at its first meeting shall elect two of its members to be respectively the President and the Vice-President thereof, and so often as the office of the President or the Vice-President becomes vacant, the Council shall choose a person to be the President or the Vice-President, as the case may be: Provided that on the first constitution of the Council a member of the Council nominated in this

Nomination in default of election If the members of the institute fail to elect any member under clause (a) of sub- section (2) of section 9 from any of the regional constituencies that may be specified under that clause, the Central Government may nominate any duly qualified person from such constituency to fill the vacancy, and any person so nominated shall

Establishment of Tribunal. (1) On receipt of any application under section 10A, the Central Government shall, by notification, establish a Tribunal consisting of a Presiding Officer and two other Members to decide such dispute and the decision of such Tribunal shall be final. (2) A person shall not be qualified for appointment,— (a) as a Presiding Officer of the Tribunal unless he has