DO YOU KNOW? FACTS ABOUT CA ACT, 1949 ?

Prabeer (B. COM (H) CA & CS Final)   (5484 Points)

11 December 2008  

DO YOU KNOW THE FOLLOWING FACTS

ABOUT THE CHARTERED ACCOUNTANTS ACT,

1949?

As per the Act:

(

a) “Associate” means an associate member of the Institute of Chartered Accountants of India

(

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

(

c) “Council” means the Council of the Institute;

(

d) “Holder of a restricted certificate” means a person holding a permanent or temporary restricted certificate granted by a Provincial Government under the Restricted Certificates Rules, 1932

(

e) “Institute” means the Institute of Chartered Accountants of India constituted under this Act

(

ea) “Notification” means a notification published in the Official Gazette;

(

f) “Prescribed” means prescribed by regulations made under this Act;

(

g) “Register” means the Register of Members maintained under this Act;

(

(

h) “Registered accountant” means any person who has been enrolled on the Register of Accountants maintained by the Central Government under the Auditor’s Certificates Rules, 1932ha) “Specified” means specified by rules made by the Central Government under this Act

(

hb) “Tribunal” means a Tribunal established under sub-section (1) of section 10B

(

i) ”Year” means the period commencing on the 1st day of April of any year and ending on the 31st day of March of the succeeding year.