In force · As amended up to 2026-08
27. Maintenance of branch offices.— (1) Where a[15] [chartered accountant in practice] or a[16] [firm of such chartered accountants] has more than one office in India, each one of such offices shall be in the separate charge of a member of the Institute:
Provided that the Council may in suitable cases exempt any[2] [chartered accountant in practice] or a 3[firm of such chartered accountants] from the operation of this sub-section.
(2) Every[2] [chartered accountant in practice] or a[3] [firm of such chartered accountants] maintaining more than one office shall send to the Council a list of offices and the persons in charge thereof and shall keep the Council informed of any changes in relation thereto.
1 . Subs. by Act 12 of 2022, s. 29, for "be punishable with fine which may extend on first conviction to one thousand rupees" (w.e.f. 10-5-2022).
2. Subs. by s. 29, ibid ., for "six months, or with fine which may extend to five thousand rupees" (w.e.f.10-5-2022).
3. Omitted by Act 9 of 2006, s. 22 (w.e.f. 8-8-2006).
4. Ins. by Act 3 of 2012, s. 3 (w.e.f. 1-2-2012).
5. Ins. by Act 12 of 2022, s. 30 (w.e.f. 10-5-2022).
6. Subs. by s. 30, ibid ., for "one thousand rupees" (w.e.f. 10-5-2022).
7. Subs. by s. 30, ibid ., for "to five thousand rupees" (w.e.f. 10-5-2022).
8. Subs. by Act 15 of 1959, s. 22, for "chartered accountant" (w.e.f. 1-7-1959).
9. Subs. by s. 22, ibid., for "firm of chartered accountants" (w.e.f. 1-7-1959).
10. Subs. by Act 9 of 2006, s. 23, for sub-section (2) (w.e.f. 8-8-2006).
11. Subs. by Act 12 of 2022, s. 31, for "five thousand rupees" (w.e.f. 10-5-2022).
12. Subs. by s. 31, ibid ., for "one lakh rupees" (w.e.f. 10-5-2022).
13. Subs. by s. 31, ibid ., for "ten thousand rupees" (w.e.f. 10-5-2022).
14. Subs. by s. 31, ibid ., for "two lakh rupees" (w.e.f. 10-5-2022).
15. Subs. by Act 15 of 1959, s. 22, for "chartered accountant" (w.e.f. 1-7-1959).
16. Subs. by s. 22, ibid., for "firm of chartered accountants" (w.e.f. 1-7-1959).
Source: India Code