Section 34: Power to make regulations

34. Power to make regulations.—(1) The council may, by notification in the official Gazette, make regulations for carrying out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing powers, such regulations may provide for all or any of the following matters, namely:__ (a) the standard and conduct of examinations under this Act; (b) the qualifications for entry of the name of any person in the Register as a member of the Institute; (c) the qualification for the purpose of sub­section (4) of section 5; (d) the conditions under which any examination or training may be treated as equivalent to the examination or training prescribed for membership of the Institute; (e) the conditions under which any foreign qualification may be recognised; (f) the manner in which and the conditions subject to which applications for entry in the Register may be made; (g) the fees payable for membership of the Institute and the annual fees payable for certificates of practice ; (h) the manner in which election to the Council and the Branch Councils may be held; (i) the particulars to be entered in the Register; 1Subs. ibid. for “Industrial account”. 2Subs. ibid., for “industrial accountants”. 3Subs. by F.A.O., 1975, Art. 2 and Table, for “Central Government”. 4Subs. ibid. s. 16 for “Industrial”. (j) the functions of Branch Councils; (k) the regulations and maintenance of the status and standard of professional qualifications of members of the Institute; (l) the carrying out of research in cost and 1[management] accounting; (m) the maintenance of libraries and publication of books and periodicals relating to cost and 1[management] accounting and allied subjects; (n) the management of the property of the Institute and the maintenance and audit of its accounts; (o) the summoning and holding of meetings of the Council and committees thereof, the times and places of such meetings, the procedure to be followed thereat and the number of members necessary to form a quorum; (p) recording and certifying minutes of meetings of the Council and the annual general meetings and extraordinary meetings; (q) appointment and removal of auditors of the Institute; (r) the manner in which the annual list of members of the Institute shall be published; (s) the power, duties and functions of the President and Vice­President; (t) the functions of the Standing Committees and other Committees and the conditions subject to which such functions shall be discharged; (u) the terms of office, and the powers, duties and functions of the Secretary, Treasurer, and the other employees of the Council; (v) rules of professional and other conduct and the exercise of disciplinary powers in relation thereto; (w) the terms and conditions of service of the employees of the Institute including persons who have become its employees under section 29; (x) the registration of students and the fees to be charged for such registration; and (y) any other matter which is required to be or may be prescribed under this Act. (3) All Regulations made by the Council under this Act shall be subject to the condition of previous publication and to the approval of the 2[Federal Government]. (4) The Council shall, as soon as practicable, send a copy of any Regulation made by it to every member of the Institute. 1Subs. by the Cost and Industrial Accountants (Amdt.) Act, 1976 (70 of 1976), s. 17, for “industrial”. 2Subs. by F.A.O., 1975, Art. 2 and Table, for “Central Government”. (5) Notwithstanding anything contained in this section, the 1[Federal Government] may make the first 2regulations of the Council and such regulations shall be deemed to have been made by the Council and shall have effect accordingly.

Effective date: 1966-01-01

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