COST AND WORKS ACCOUNTANTS ACT, 1959

No       Description

PRELIMINARY

 

1.         Short title, extent and commencement

2.         Definitions and interpretation

 

THE INSTITUTE OF COST AND WORKS ACCOUNTANTS

 

3.         Incorporation of the Institute

4.         Entry of names in the Register

5.         Fellows and Associates

6.         Certificate of practice

7.         Members to be known as cost accountants

8.         Disabilities

COUNCIL OF THE INSTITUTE

 

9.         Constitution of the Council of Institute

10.        Mode of election to Council       

11.        Nomination in default of election

12.        President and Vice‑President    

13.        Resignation of membership and casual vacancies

14.        Duration and dissolution of Council

15.        Functions of the Council

16.        Staff remuneration and allowances

17.        Committees of the Council        

18.        Finances of the Council

                       

REGISTER OF MEMBERS

 

19.        Register

20.        Removal from the Register

 

MISCONDUCT

 

21.        Procedure in inquiries relating to misconduct of members of Institute

22.        Misconduct defined

REGIONAL COUNCILS

 

23.        Constitution and functions of Regional Councils

 

PENALTIES

 

24.        Penalty for falsely claiming to be a member, etc.

25.        Penalty for using name of the Council, awarding degrees of cost accountancy, etc.

26.        Companies not to engage in cost accountancy

27.        Unqualified persons not to sign documents

28.        Offences by companies

29.        Sanction to prosecute

                       

DISSOLUTION OF THE INSTITUTE OF COST AND WORKS ACCOUNTANTS REGISTERED UNDERTHE COMPANIES ACT, 1956 (1 OF 1956)

 

30.        Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956

31.        Transfer of assets and liabilities of the dissolved company to the Institute

32.        Provisions respecting employees of the dissolved company

 

MISCELLANEOUS

 

33.        Appeals

34.        Alteration in the Register and cancellation of certificate

35.        Directions of the Central Government

36.        Protection of action taken in good faith

37.        Maintenance of branch offices

38.        Reciprocity

39.        Power to make regulations

 

FIRST SCHEDULE

SECOND SCHEDULE