Section 1. Short title, extent and commencement

CHAPTER I PRELIMINARY 1. Short title, extent and commencement. —(1) This Act may be called the[2] [Cost Accountants] Act, 1959. (2) It extends[3] to the whole of India[4] *; (3) It shall come into force on such date[5] as the Central Government may, by notification in the Official Gazette, appoint. 1. The Explanation omitted by Act 12 of 2022, s. 59 (w.e.f. 10-5-2022). governed by the provisions of this Act, as if this Act had not been amended by the Cost and Works Accountants (Amendment) Act, 2006.] 1 — [22. Professional or other misconduct defined. For the purposes of this Act, the expression "professional or other misconduct" shall be deemed to include any act or omission provided in any of the Schedules but nothing in this section shall be construed to limit or abridge in any way the power conferred or duty cast on the Director (Discipline) under sub-section (1) of section 21 to inquire into the conduct of any member of the Institute under any other circumstances.] 2 — [22A. Constitution of Appellate Authority. The Appellate Authority constituted under subsection (1) of section 22A of the Chartered Accountants Act, 1949(38 of 1949), shall be deemed to be the Appellate Authority for the purposes of this Act subject to the modification that for clause (b) of said subsection (1), the following clause had been substituted, namely:— "(b) the Central Government shall, by notification appoint two part-time members from amongst the persons who have been members of the Council of the[3] [Institute of Cost Accountants of India] for at least one full term and who is not a sitting member of the Council;". — 22B. Term of office of members of Authority. A person appointed as a member shall hold office for a term of three years from the date on which he enters upon his office or until he attains the age of sixty-two years, whichever is earlier. — 22C. Procedure, etc., of Authority. The provisions of section 22C, section 22D and section 22F of the Chartered Accountants Act, 1949(38 of 1949) shall apply to the Authority in relation to allowances and terms and conditions of service of its Chairperson and members and in the discharge of its functions under this Act as they apply to it in the discharge of its functions under the Chartered Accountants Act, 1949. 1. The heading "AND WORKS" omitted by Act 12 of 2022, s. 41 (w.e.f. 10-5-2022). 2. Subs. by Act 10 of 2012, s. 3, for "Institute of Cost and Works Accountants of India" (w.e.f. 1-2-2012). 3. Subs. by Act 12 of 2022, s. 42, for "Register" (w.e.f. 10-5-2022). 4. Subs. by s. 42, ibid ., for "without India" (w.e.f. 10-5-2022). (2) Every person belonging to the class mentioned in clause (i) of sub-section (1) shall have his name entered in the[1] [Register of members] without the payment of any entrance fee. 2[(3) Every person belonging to any of the classes mentioned in clauses (ii), (iii), (iv) and (v) of subsection (1) shall have his name entered in the[1] [Register of members] on an application being made and granted in the prescribed manner and on payment of such fees, as may be determined, by notification, by the Council[3] *: 4* * * * *.] (4) The Central Government shall take such steps as may be necessary for the purpose of having the names of all persons belonging to the class mentioned in clause (i) of sub-section (1) entered in the 1[Register of members] at the commencement of this Act.