The Cost and Management Accountants Ordinance, 1977

( Ordinance NO. LIII OF 1977 )

[ 14th November, 1977 ]
এই অধ্যাদেশ কস্ট এন্ড ম্যানেজমেন্ট অ্যাকাউন্ট্যান্টস আইন, ২০১৮ (২০১৮ সনের ৭০ নং আইন) দ্বারা রহিত করা হইয়াছে।
An Ordinance to constitute an Institute of Cost and Management Accountants of Bangladesh for the purpose of regulating the profession of cost and management accountants.

 
 
 
WHEREAS it is expedient to constitute an Institute of Cost and Management Accountants in Bangladesh for the purpose of regulating the profession of cost and management accountants and for matters connected therewith;
 
 
 
 
NOW, THEREFORE, in pursuance of the Proclamations of the 20th August, 1975, and the 8th November, 1975, 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

2. Definitions

3. Incorporation of the Institute

4. Entry of names in the Register

5. Disabilities

6. Associates and fellows

7. Certificate of practice

8. Members to be known as Cost and Management Accountants

9. Constitution and composition of the Council

10. Election of the Council

11. Honorary office-bearers of the Council

12. Resignation of membership and casual vacancies

13. Duration and dissolution of Council

14. Functions of the Council

14A.

14B.

14C.

15. Appointment of officers and employees, etc.

16. Committees of the Council

17. Branch Councils

18. Finance of the Council

19. Register

20. Removal of name from the Register

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

22. Penalty for using the name of the Council, etc.

23. Companies not to engage in cost and management accounting in Bangladesh

24. Unqualified persons not to sign documents

25. Offences by companies

26. Sanction to prosecute

27. Alteration in the Register and cancellation of certificate

28. Indemnity

29. Maintenance of branch offices

30. Reciprocity

31. Power to make regulations

32.Power to give directions for making regulations, etc.

33.Repeal and savings