Sri Lanka Consolidated Acts

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Institute of Chartered Accountants (Amendment) Act (No. 15 of 1998) - Sect 3

Insertion of new section. 3A in the principal enactment

3. The following new section is hereby inserted immediately after section 3 and shall have effect as section 3A of the principal enactment:-
3A. The objects of the Institute shall be-
(i) to promote, in general the theory and practice of accountancy and in particular, auditing, financial management and taxation;
(ii) to enrol, educate and train members who are desirous of learning or improving their skills and knowledge, in disciplines such as auditing, financial management and taxation;
(iii) to preserve the professional independence of accountants and to ensure the maintenance of high standards of professional work and conduct, by its members;
(iv) to make donations and contributions for national, public, educational or charitable purposes;
(v) to make grants to Universities or to other educational Institutions;
(vi) to award scholarships, and to hold exhibitions, with a view to promoting the interests of the members of the Institute;
(vii) to organise, finance and maintain schemes for the granting, of diplomas, certificates and other awards to members of the Institute and of other professional bodies and to other persons who fulfill the prescribed conditions;
(viii) to make grants or contributions to any other society having similar objects as those of the Institute;
(ix) to do all such acts and things as are incidental or conducive, to the attainment of the above objects".


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