The Chartered Accountants Act, 1949

Power of Central Government to make rules (1) The Central Government may, by notification, make rules to carry out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing powers, such rules may provide for all or any of the following matters, namely :- (a) the manner of election2 and […]

Reciprocity (1) Where any country, specified by the Central Government in this behalf by notification in the Official Gazette, prevents persons of Indian domicile from becoming members of any institution similar to the Institute of Chartered Accountants of India or from practising the profession of accountancy or subjects them to unfair discrimination in that country, no subject of any such country shall be

Terms and conditions of services of Chairperson and members of Board and its expenditure (1) The terms and conditions of service of the Chairperson and the members of the Board, and their allowances shall be such as may be specified1. (2) The expenditure of the Board shall be borne by the Council.]   Amendment 1 Rules made by the Central Government,

Procedure of Board The Board shall meet at such time and place and follow in its meetings such procedure as may be specified1.   Amendment 1 Rules made by the Central Government, called ’The Chartered Accountants (Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and allowances of the Chairperson and members of the Board) Rules, 2006’ have been

Functions of Board The Board shall perform the following functions, namely :– (a) to make recommendations to the Council with regard to the quality of services provided by the members of the Institute; (b) to review the quality of services provided by the members of the Institute including audit services; and (c) to guide the members of the Institute to improve the quality

Establishment of Quality Review Board (1) The Central Government shall, by notification, constitute a Quality Review Board consisting of a Chairperson and ten other members. (2) The Chairperson and members of the Board shall be appointed from amongst the persons of eminence having experience in the field of law, economics, business, finance or accountancy. (3) Five members of the Board shall be

Sanction to prosecute No person shall be prosecuted under this Act except on a complaint made by or under the order of the Council or of the Central Government. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing

Maintenance of branch offices (1) Where a 1[chartered accountant in practice or a firm of such chartered accountants] has more than one office in India, each one of such offices shall be in the separate charge of a member of the Institute: Provided that the Council may in suitable cases exempt any 2[chartered accountant in practice or a firm of such chartered accountants] from the operation of this subsection.3 (2)

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

Companies not to engage in accountancy (1) No company, whether incorporated in India or elsewhere, shall practise as chartered accountants. 1[Explanation – For the removal of doubts, it is hereby declared that the “company ”shall include any limited liability partnership which has company as its partner for the purposes of this section.] (2) If any company contravenes the provisions of sub-section