Cost and Works Accountants Act, 1959
146. Chapters of cost accountants
(1) The Council may, by Notification in the Journal of the
Institute, constitute Chapters of Cost Accountants and for that purpose make
Bye-laws in connection there with.
(2) In particular and without prejudice to the generality of the
foregoing powers, such Bye-laws may provide for conditions for constitution of
Chapters.
(3) A Chapter so constituted, shall, at all times, function
subject to the control, supervision and direction of the Regional Council
operating in the area and shall carry out such directions as may from time to
time be issued by the Regional Council.
(4) The Council may, at any time, if it considers necessary to
do so, dissolve a Chapter after giving it an opportunity to state its case.