THE CHARTERED ACCOUNTANTS ACT, 1949
ACT NO. 38 OF 1949
An Act to make provision for the regulation of the 1 [profession of chartered accountants].
WHEREAS it is expedient to make provision for the regulation of the 1 [profession of chartered accountants] and for that purpose to establish an Institute of Chartered Accountants; It is hereby enacted as follows:—
Short Title, Extent and Commencement.
—(1) This Act may be called the Chartered Accountants Act, 1949.
(2) It extends to the whole of India.
(3) It shall come into force on such date4 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.
(1) In this Act, unless there is anything repugnant in the subject or context,
— (a) “associate” means an associate member of the Institute; 5
(aa) “Authority” means the Appellate Authority constituted under section 22A;
(aaa) “Board” means the Quality Review Board constituted under section 28A;]
— (b) “chartered accountant” means a person who is a member of the Institute 6 ***;
— (c) “Council” means the Council of the Institute;
(ca) “firm” shall have the meaning assigned to it in section 4 of the Indian Partnership Act, 1932 (9 of 1932), and includes.
(i) the limited liability partnership as defined in clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009); or (ii) the sole proprietorship, registered with the Institute;]
(d) “holder of a restricted certificate” means a person holding a permanent or temporary restricted certificate granted by a State Government under the Restricted Certificates Rules, 1932;
(e) “Institute” means the Institute of Chartered Accountants of India constituted under this Act; 5
[(ea) “notification” means a notification published in the Official Gazette;] 7
[(eb) “partner” shall have the meaning assigned to it in section 4 of the Indian Partnership Act, 1932 (9 of 1932), or in clause (q) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009), as the case may be