Certificate of practice.6. (1) No member of the Institute shall be entitled to practise [whether in India or elsewhere] unless he has obtained from the Council a certificate of practice :Provided that nothing contained in this sub-section shall apply to any person who, immediately before the commencement of this Act, has been in practice as a registered accountant or a holder of a restricted certificate until one month has elapsed from the date of the first meeting of the Council.[(2) Every such member shall pay annual fee for the certificate as may be determined, by notification, by the Council, and such fee shall be payable on or before the 1st day of April each year.][(3) The certificate of practice obtained under sub-section (1) may be cancelled by the Council under such circumstances as may be prescribed.]
13. Inserted by the Chartered Accountants (Amendment) Act, 1959, w.e.f. 1-7-1959.
14. Substituted by the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Act, 2022, with effect from a date yet to be notified. Prior to its substitution sub-section (2) as amended by Chartered Accountants (Amendment) Act, 2006, w.e.f. 8-8-2006 and the Chartered Accountants (Amendment) Act, 1959, w.e.f. 1-7-1959, read as under :"(2) Every such member shall pay such annual fee for his certificate as may be determined, by notification, by the Council, which shall not exceed rupees three thousand, and such fee shall be payable on or before the 1st day of April in each year .... To read the full section download the app from Google Play store
CAclubindia
