Section 33 – The Chartered Accountants Act, 1949

Repealed

Amendment

1 The following Section 33 was repealed by the Repealing and Amending Act, 1952 (No. XLVIII of 1952) – Gazette of India Extraordinary dated 2nd August,1952:

33. Amendment of Section 144, Indian Companies Act, 1913

In Section 144 of the Indian Companies Act, 1913 (VII of 1913), for sub-sections (1), (2), (2A), and (2B), the following sub-section shall be substituted, namely :–

“(1) No person shall be appointed to act as an auditor of any company other than a private company, not being the subsidiary company of a public company, unless he is a chartered accountant within the meaning of the Chartered Accountants Act, 1949:

Provided that a firm whereof all the partners practising in India are chartered accountants may be appointed by its firm name to be auditor of a company and may act in its firm name.

A(2) Notwithstanding anything contained in sub-section (1) but subject to the provisions of rules made under sub-section (2A), the holder of a certificate granted under a law in force in the whole or any portion of a Part B State immediately before the commencement of the Part B States (Laws) Act, 1951 entitling him to act as an auditor of companies in that State or any portion thereof shall be entitled to be appointed to act as an auditor of companies registered anywhere in the State.

(2A) The Central Government may, by notification in the Official Gazette, make rules providing for the grant, renewal, suspension or cancellation of auditors’ certificates to persons in Part B States for the purposes of sub-section (2), and prescribing conditions and restrictions for such grant, renewal, suspension or cancellation.”

AInserted by Part B States (Laws) Act, 1951 (III of 1951) Gazette of India Extraordinary dated 23rd February, 1951.

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