Chartered Accountants Act, 1949

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The Chartered Accountants Act, 1949
Constituent Assembly of India
  • An Act to make provision for the regulation of the profession of Chartered Accountants.
CitationAct No. 38 of 1949
Territorial extentWhole of India
Enacted byConstituent Assembly of India
Enacted1 May 1949
Assented to1 May 1949
Commenced1 July 1949
Status: In force

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 qualifications, elections for central as well as regional councils, penalties for misconduct by Chartered Accountants.


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