Cost and Works Accountants Act, 1959- Chapter VII-A- Quality Review Board

[i][Chapter VII-A

QUALITY REVIEW BOARD

29-A. Establishment of Quality Review Board.

29-A. Establishment of Quality Review Board.—(1) The Central Government shall, by notification, constitute a Quality Review Board consisting of a Chairperson and four other members.

(2) The Chairperson and members of the Board shall be appointed from amongst the persons of eminence having experience in the field of law, economics, business, finance or accountancy.

(3) Two members of the Board shall be nominated by the Council and other two members shall be nominated by the Central Government.]

Other Contents of Cost and Works Accountants Act, 1959​
Chapter I- Preliminary
Chapter II- The Institute Of Cost And Works Accountants
Chapter III- Council Of The Institute
Chapter IV- Register Of Members
Chapter V- Misconduct
Chapter VI- Regional Councils
Chapter VII- Penalties
Chapter VII-A- Quality Review Board
Chapter VIII- Dissolution Of The Institute Of Cost And Works Accountants Registered Under The Companies Act, 1956 (1 Of 1956)
Chapter IX- Miscellaneous
Schedules

29-B. Functions of Board.

[ii][29-B. Functions of Board.—The Board shall perform the following functions, namely:—

(a) to make recommendations to the Council with regard to the quality of services provided by the members of the Institute;

(b) to review the quality of services provided by the members of the Institute including cost audit services; and

(c) to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.]

29-C. Procedure of Board.

[iii][29-C. Procedure of Board.—The Board shall meet at such time and place and follow in its meetings such procedure as may be specified.]

29-D. Terms and conditions of service of Chairperson and members of Board and its expenditure.

[iv][29-D. Terms and conditions of service of Chairperson and members of Board and its expenditure.—(1) The terms and conditions of service of the Chairperson and the members of the Board, and their allowances shall be such as may be specified.

(2) The expenditure of the Board shall be borne by the Council.]

References


[i]  Inserted by Act 7 of 2006, Section 25 (w.e.f. 17-11-2006).

[ii]  Inserted by Act 7 of 2006, Section 25 (w.e.f. 17-11-2006).

[iii]  Inserted by Act 7 of 2006, Section 25 (w.e.f. 17-11-2006).

[iv]  Inserted by Act 7 of 2006, Section 25 (w.e.f. 17-11-2006).

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