An Act to make provision for the regulation of the profession of chartered accountants.
The Chartered Accountants Act, 1949 has 60 sections in 8 chapters, amended 8 times. Each link below opens the official text of that section. Official PDF on India Code.
The Chartered Accountants Act, 1949 PDF
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Official copy of the Act from India Code (Legislative Department, Government of India).
All sections of the Chartered Accountants Act, 1949
Chapter I: PRELIMINARY
Chapter III: COUNCIL OF THE INSTITUTE
- Section 9 – Constitution of the Council of the Institute
- Section 9A – Coordination Committee
- Section 10 – Re-election or re-nomination to Council
- Section 10A – Settlement of dispute regarding election
- Section 10B – Establishment of Tribunal
- Section 11 – Nomination in default of election or nomination
- Section 12 – President and Vice-President
- Section 13 – Resignation of membership and casual vacancies
- Section 14 – Duration and dissolution of Council
- Section 15 – Functions of Council
- Section 15A – Imparting education by Universities and other bodies
- Section 15B – Functions of Institute
- Section 16 – Officers and employees, salary, allowances, etc
- Section 17 – Committees of the Council
- Section 18 – Finances of the Council
Chapter IV: REGISTER OF MEMBERS
- Section 19 – Register of members
- Section 20 – Removal from the Register of members
Chapter V: MISCONDUCT
- Section 21 – Disciplinary Directorate
- Section 21A – Board of Discipline
- Section 21B – Disciplinary Committee
- Section 21C – Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court
- Section 21D – Transitional provisions
- Section 22 – Professional or other misconduct defined
- Section 22A – Constitution of Appellate Authority
- Section 22B – Term of office of Chairperson and members of Authority
- Section 22C – Allowances and conditions of service of Chairperson and members of Authority
- Section 22D – Procedure to be regulated by Authority
- Section 22E – Officers and other staff of Authority
- Section 22F – Resignation and removal of Chairperson and members
- Section 22G – Appeal to Authority
Chapter VI: REGIONAL COUNCILS
- Section 23 – Constitution and functions of Regional Councils
Chapter VII: PENALTIES
- Section 24 – Penalty for falsely claiming to be a member, etc
- Section 24A – Penalty for using name of the Council, awarding degrees of chartered accountancy, etc
- Section 25 – Companies not to engage in accountancy
- Section 26 – Unqualified persons not to sign documents
- Section 27 – Maintenance of branch offices
- Section 28 – Sanction to prosecute
Chapter VII: QUALITY REVIEW BOARD
- Section 28A – Establishment of Quality Review Board
- Section 28B – Functions of Board
- Section 28C – Procedure of Board
- Section 28D – Terms and conditions of services of Chairperson and members of Board and its expenditure
Chapter VIII: MISCELLANEOUS
- Section 29 – Reciprocity
- Section 29A – Power of Central Government to make rules
- Section 30 – Power to make regulations
- Section 30A – Powers of Central Government to direct regulations to be made or to make or amend regulations
- Section 30B – Rules, regulations and notifications to be laid before Parliament
- Section 30C – Power of Central Government to issue directions
- Section 30D – Protection of action taken in good faith
- Section 30E – Members, etc., to be public servants
- Section 31 – Construction of references
- Section 32 – Act not to affect right of accountants to practise as such in Part B States
- Section 33 – Amendment of section 144, Indian Companies Act, 1913 (omitted/repealed)