15A. Functions of Institute
15A. Functions of Institute.—The functions of the Institute shall include—
the examination of candidates for enrolment;
the regulation of training of students;
the maintenance and publication of a Register of persons qualified to practice as cost accountants;
[(ca) the maintenance and publication of a Register of firms;]
collection of fees from members, examinees and other persons;
subject to the orders of the appropriate authorities under this Act, the removal of names from the [Register of members and firms and the restoration of names to the Register of members and firms] which have been removed;
the maintenance of a library and publication of books and periodicals relating to accountancy and allied subjects;
the conduct of elections to the Council of the Institute; and
the granting or refusal of certificates of practice as per guidelines issued by the Council.
Amendment notes (3)
- Ins w.e.f. 17-11-2006 . Ins. by Act 7 of 2006, s. 13 (w.e.f. 17-11-2006).
- Ins w.e.f. 10-5-2022 . Ins. by Act 12 of 2022, s. 50 (w.e.f. 10-5-2022).
- Subs w.e.f. 10-5-2022 . Subs. by s. 50, ibid., for “Register and the restoration to the Register of names” (w.e.f. 10-5-2022).