Cost And Works Accountants Act, 1959

Section - 1 - Short title, extent and commencement

Section - 2 - Definitions and interpretation

Section - 3 - Incorporation of the Institute

Section - 4 - Entry of names in the 20[Register of members].

Section - 5 - Fellows and Associates

Section - 6 - Certificate of practice

Section - 7 - Members to be known as cost accountants

Section - 8 - Disabilities

Section - 9 - Constitution of the Council of Institute

Section - 10 - Re-election or re-nomination to Council

Section - 10A - Settlement of disputes regarding election

Section - 10B - Establishment of Tribunal

Section - 11 - Nomination in default of election

Section - 12 - President and Vice-President

Section - 13 - Resignation of membership and casual vacancies

Section - 14 - Duration and dissolution of Council

Section - 15 - Functions of Council

Section - 15A - Functions of Institute

Section - 15B - Imparting education by Universities and other bodies

Section - 16 - Officers and employees, salary, allowances, etc

Section - 17 - Committees of the Council

Section - 18 - Finances of the Council

Section - 19 - Register of members

Section - 20 - Removal from the 88[Register of members].

Section - 20A - Registration of firms

Section - 20B - Register of firms

Section - 20C - Removal from Register of firms

Section - 20D - Review before Council

Section - 21 - Disciplinary Directorate

Section - 21A - Board of Discipline

Section - 21B - Disciplinary Committee

Section - 21C - Authority, Disciplinary Committee, Board of Discipline and Director (Discipline) to have powers of civil court

Section - 21D - Transitional provisions

Section - 22 - Professional or other misconduct defined

Section - 22A - Constitution of Appellate Authority

Section - 22B - Term of office of members of Authority

Section - 22C - Procedure, etc., of Authority

Section - 22D - Officers and other Staff of Authority

Section - 22E - Appeal to Authority

Section - 23 - Constitution and functions of Regional Councils

Section - 24 - Penalty for falsely claiming to be a member, etc

Section - 25 - Penalty for using name of the Council, awarding degrees of cost accountancy, etc

Section - 26 - Companies not to engage in cost accountancy

Section - 27 - Unqualified persons not to sign documents

Section - 28 - Offences by companies

Section - 29 - Sanction to prosecute

Section - 29A - Establishment of Quality Review Board

Section - 29B - Functions of Board

Section - 29C - Procedure of Board

Section - 29D - Terms and conditions of service of Chairperson and members of Board and its expenditure

Section - 30 - Dissolution of the Institute of Cost and Works Accountants registered under the Companies Act, 1956

Section - 31 - Transfer of assets and liabilities of the dissolved company to the Institute

Section - 32 - Provisions respecting employees of the dissolved company

Section - 33 - Appeals

Section - 34 - Co-ordination Committee

Section - 35 - Directions of the Central Government

Section - 36 - Protection of action taken in good faith

Section - 36A - Members, etc., to be public servants

Section - 37 - Maintenance of branch offices

Section - 38 - Reciprocity

Section - 38A - Power of Central Government to make rules

Section - 39 - Power to make regulations

Section - 40 - Rules, regulations and notifications to be laid before Parliament

First Schedule - PROFESSIONAL MISCONDUCT IN RELATION TO COST ACCOUNTANTS IN PRACTICE

Second Schedule - PROFESSIONAL MISCONDUCT IN RELATION TO COST ACCOUNTANTS IN PRACTICE

To read the full act/ section offline, download the app from Google Play store
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details