Section 2. Interpretation

THE SECOND SCHEDULE. THE CHARTERED ACCOUNTANTS ACT, 1949 ACT NO. 38 OF 1949 [1 st May , 1949.] - An Act to make provision for the[1] [regulation and development] of the[2] [profession of chartered accountants]. WHEREAS it is expedient to make provision for the[1] [regulation and development] of the 2[profession of chartered accountants] and for that purpose to establish an Institute of Chartered Accountants; It is hereby enacted as follows: — 2. Interpretation.— (1) In this Act, unless there is anything repugnant in the subject or context, — (a) "associate" means an associate member of the Institute; 6 [(aa) "Authority" means the Appellate Authority constituted under section 22A; (aaa) "Board" means the Quality Review Board constituted under section 28A;] 7[(ab) "Board of Discipline" means the Board of Discipline constituted under sub-section (1) of section 21A;] (b) "chartered accountant" means a person who is a member of the Institute[8] *; 7[(ba) "Coordination Committee" means the Coordination Committee constituted under section 9A; (bb) "Companies Act" means the Companies Act, 2013 (18 of 2013) or any other previous company law as defined in clause (67) of section 2 of the said Act;] (c) "Council" means the Council of the Institute[7] [constituted under section 9]; 9 [(ca) "firm" shall have the meaning assigned to it in section 4 of the Indian Partnership Act, 1932 (9 of 1932), and includes,— (i) the limited liability partnership as defined in clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009); or 1. Subs. by Act 12 of 2022, s. 2, for "regulation" (w.e.f. 10-5-2022). 2. Subs. by Act 15 of 1959, s. 2, for "profession of accountants" (w.e.f. 1-7-1959). 3. Subs. by the A.O. 1950, for sub-section (2). 4. The words "except the State of Jammu and Kashmir" omitted by Act 25 of 1968, s. 3 and the Schedule (w.e.f. 15-8-1968).