COST AND WORKS ACCOUNTANTS ACT, 1959
Arrangement
of Sections
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
7. Members to be known as cost accountants
9. Constitution of the Council of Institute
10. Re-election or re-nomination to Council
10A. Settlement of disputes regarding election
10B. Establishment of Tribunal
11. Nomination in default of election
12. President and Vice-President
13. Resignation of membership and casual
vacancies
14. Duration and dissolution of Council
15B. Imparting education by Universities and other
bodies
16. Officers and employees, salary, allowances,
etc.
22. Professional or other misconduct defined
22A. Constitution of Appellate Authority
22B. Term of office of members of Authority
22C. Procedure, etc. of Authority
22D. Officers and other staff of Authority
23. Constitution and functions of Regional
Councils
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
29A. Establishment of Quality Review Board
29D. Terms and conditions of service of Chairperson
and members of Board and its expenditure
31. Transfer of assets and liabilities of the
dissolved company to the Institute
32. Provisions respecting employees of the
dissolved company
34. Alteration in the Register and cancellation
of certificate
35. Directions of the Central Government
36. Protection of action taken in good faith
36A. Members, etc., to be public servants
37. Maintenance of branch offices
38A. Power of Central Government to make rules
40. Rules, regulations and notifications to be
laid before Parliament