Sri Lanka Consolidated Acts

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Institute Of Chartered Accountants Act (No. 23 of 1959) - Sect 9

General powers and duties of Council

9.
(1) The Council shall be charged with the administration and management of the Institute and shall be responsible for carrying out the provisions of this Act and the functions and duties conferred or imposed upon the Council by this Act.
(2) It shall be the duty of the Council-
(a) to conduct or provide for the conduct of the qualifying examinations for membership of the Institute and to prescribe or approve courses of study for such examinations;
(b) to supervise and regulate the engagement, training and transfer of articled clerks;
(c) to specify the class of persons who shall have the right to train articled clerks, and to specify the circumstances in which any person of that class may be deprived of that right;
(d) to fix the maximum amount of the premium or fees to be charged from articled clerks and the conditions subject to which such fees are to be charged;
(e) to maintain and publish a Register of members of the Institute and a Register of persons authorized to practise in Ceylon as Chartered Accountants;
(f) to secure the maintenance of professional standards among members of the Institute and to take such steps as may be necessary to acquaint them with the methods and practices necessary to maintain such standards;
(g) to maintain a library of books and periodicals relating to accountancy and to encourage the publication of such books in Ceylon; and
(h) to encourage research in Ceylon on the subject of accountancy and generally to secure the well being and advancement of the profession of accountants.


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