The Chartered Accountants Act, 1949

Act No. 38

1-May-1949

Section 1 — Short title, extent and commencement

1. Short title, extent and commencement .

(1)This Act may be called the Chartered Accountants Act, 1949. 3[(2) It extends to the whole of India 4***.]

(3)It shall come into force on such date5 as the Central Government may, by notification in the Official Gazette, appoint in this behalf.

Section 2 — Interpretation

2. Interpretation .

(1)In this Act, unless there is anything repugn ant in the subject or context, -

(a)“associate ” means an associate member of the Institute; 6[(aa) “Authority ” means the Appellate Authority constituted under section 22A; (aaa) “Board ” means the Quality Review Board constituted under section 28A;] 7[(ab) “Board of Discipline” means the Board of Discipline constituted under sub -section ( 1) of

Section 21A — ;]

section 21A;]

(b)“chartered accountant ” means a person who is a member of the Institute 8***; 7[(ba) “Coordination Committee” means the Coordination Committee constituted under section 9A; (bb) “Companies Act” means the Companies Act, 2013 (18 of 2013) or any other previous company law as defined in clause (67) of section 2 of the said Act ;]

(c)“Council ” means the Council of the Institute 7[constituted under section 9] ; 9[(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 Liabilit y Partnership Act, 2008 (6 of 2009); or

Section 4 — The words “except the State of Jammu and Kashmir” o mitted by Act 25 of 1968, s. 3 and the Schedule (w.e.f. 15 -8-1968).

4. The words “except the State of Jammu and Kashmir” o mitted by Act 25 of 1968, s. 3 and the Schedule (w.e.f. 15 -8-1968).

Section 5 — 1st July , 1949, vide Notification No. I OA (4)/49 , dated 1st June, 1949, see Gazette of India, Extraordinary, Part II,

5. 1st July , 1949, vide Notification No. I OA (4)/49 , dated 1st June, 1949, see Gazette of India, Extraordinary, Part II,

Section 3 — ( i) and this Act has been e xtended in its application to the union territory Goa, Daman and Diu by Act 11 of 1963, s.

sec. 3( i) and this Act has been e xtended in its application to the union territory Goa, Daman and Diu by Act 11 of 1963, s. 3 and the Schedule (w.e.f. 1 -2-1965).

🟡 Yellow = Single meaning

🔵 Blue = Multiple meanings

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