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Chartered Accountants Act, 1949

The Chartered Accountants Act, 1949 is a statute enacted by the Constituent Assembly of India, which was acting as the provisional Parliament of India in 1949 to regulate the profession of Chartered Accountants in India. Under this act, The Institute of Chartered Accountants of India was established to educate, register and regulate Chartered Accountants in India. The Act provides for ethical practices of Chartered Accountants and disciplinary proceedings against a Chartered Accountant.

The Chartered Accountants Act, 1949
The Chartered Accountants Act, 1949
An Act to make provision for the regulation of the profession of Chartered Accountants.
Citation Act No. 38 of 1949
Territorial extent Whole of India
Enacted by Parliament of India
Date enacted 1 May 1949
Date assented to 1 May 1949
Date commenced 1 July 1949
Status: In force

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The Chartered Accountants Act, 1949 is a statute enacted by the Constituent Assembly of India, which was acting as the provisional Parliament of India in 1949 to regulate the profession of Chartered Accountants in India.[1]

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