The Chartered Accountants Ordinance, 1961

( Ordinance NO. X Of 1961 )

An Ordinance to make provision for the regulation of the profession of accountants. 1

 
 
 
WHEREAS it is expedient to make provision for the regulation of the profession of accountants and for that purpose to establish an Institute of Chartered Accountants;
 
 
 
 
NOW, THEREFORE, in pursuance of the Proclamation of the seventh day of October, 1958, and in exercise of all powers enabling him in that behalf the President is pleased to make and promulgate the following Ordinance:-
 
 
 

CONTENTS

SECTIONS

1. Short title, extent and commencement

2. Definitions

3. Incorporation of the Institute

4. Entry of names in Register

5. Associates and Fellows

6. Certificate of practice

7. Members to be known as Chartered Accountants

8. Disabilities

9. Constitution of the Council of the Institute

10. Mode of election to the Council

11. Nomination in default of election

12. President and Vice-President or Vice-Presidents

13. Resignation of membership and casual vacancies

14. Duration and dissolution of Council

15. Functions of the Council

16. Staff, remuneration and allowances

17. Finances of the Council

18. Register

19. Removal from the Register

20.Constitution and functions of Regional Committees

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

22. Penalty for using name of the council, awarding degree of Chartered accountancy, etc.

23. Companies not to engage in accountancy

24. Unqualified persons not to sign documents

25. Sanction to prosecute

26. Maintenance of branch offices

27. Power to make bye-laws

28. Powers of Government to direct bye-laws to be made or to make or amend bye-laws

29. Reference to registered accountants, etc., to be construed as references to chartered accountants

30. Amendment of section 144 of the Companies Act, 1913 (VII of 1913)

31. Saving