Cost Accountants Act, 1959

The Cost Accountants Act, 1959

Act ID:	195923
Act Number:	23
Enactment Date:	1959-05-19
Act Year:	1959
Short Title:	The Cost Accountants Act, 1959
Long Title:	An Act to make provision for the regulation of the profession of cost and works accountants.
Ministry:	Ministry of Corporate Affairs
Enforcement Date:	28-05-1959
Notification:	28th May, 1959, vide notification No. G.S.R. 610, dated 25th May, 1959, see Gazette of India, Extraordinry, Part II, sec. 3(i).

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CHAPTER I

CHAPER II

CHAPTER III

CHAPTER IV

CHAPTER V

CHAPTER VI

CHAPTER VII

CHAPTER VIIA

CHAPTER VIII

CHAPTER IX

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Section 1. Short title, extent and commencement. Show Related Subordinates
Section 2. Definitions and interpretation.
Section 3. Incorporation of the Institute. Show Related Subordinates
Section 4. Entry of names in the Register of members. Show Related Subordinates
Section 5. Fellows and Associates.
Section 6. Certificate of practice.
Section 7. Members to be known as cost accountants.
Section 8. Disabilities. Show Related Subordinates
Section 9. Constitution of the Council of the Institute. Show Related Subordinates
Section 10. Re-election or re-nomination to Council.

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Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
2001	Procedure of Investigation ( English & Hindi version)
2006	Procedure of Meetings ( English & Hindi version))
17-11-2006	The Cost and Works Accountants (Nomination of Members to the Council) Rules, 2006
17-11-2006	The Cost and Works Accountants (Election Tribubal) Rules 2006, (as amende in 2011)
27-11-2006	The Cost and Works Accountants Procedure of Meeting of Quality Review Board and Terms and Conditions of Services and Allowences of the Chairperson and Members of the Board Rules,2006 (as amended in 2012)
22-03-2016	Appellate Authority (Allowances payable to, and other terms and conditions of service of Chairperson and members and the manner of meeting expenditure of the Authority) Rules, 2006
11-05-2016	In exercise of the powers conferred by sub-section(1) of section 10B of the cost and works Accountants Act, 1959(23 of 1959)
09-04-2018	Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases, 2018

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
20-01-1982	Submission of cost audit report
15-02-1982	Additional information to be furnished along with the Cost Audit Reports.
13-12-2010	Members of professional institutes arrested by law enforcement agencies for criminal offences - Deirections of Central Government - issue of.
04-04-2011	Interpretation of the word “Partnership” for the purpose of Chartered Accountants Act, 1949, Cost and Works Accountants Act, 1959 and Company Secretaries Act, 1980.
30-11-2011	Cost Accounting Records and Cost Audit – clarifications about coverage of certain sectors thereunder
30-11-2011	Cost Accounting Records and Cost Audit – clarifications regarding applicability and compliance requirements

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
08-08-2006	The Cost and Works Accountants (Amendment) Act, 2006.
08-08-2006	The Cost and Works Accountants (Amendment) Act, 2006.
18-08-2006	The Cost and Works Accountants (Amendment) Act, 1959.
17-11-2006	The Cost and Works Accountants (Amendment) Act, 1959.
17-11-2006	Change of designation of the Presiding Officer of the Election Tribunal of the Institute of Cost Accountants of India
17-11-2006	The Cost and Works Accountants (Amendment) Act, 2006.
17-11-2006	The Cost and Works Accountants (Amendment) Act, 1959
27-11-2006	The Cost and Works Accountants (Amendment) Act, 1959.
27-02-2007	Framing of Rules under Section 38(A), sub section 2, clause c and d of the Cost and Works Accountants Act 1959
22-03-2007	Amendment in Notifications GSR 734(E) dated 27.11.2006, GSR 708(E) dated 17.11.2006, GSR 710(E) dated 17.11.2006 and GSR 709(E) dated 17.11.2006,