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Certificate of practice

Certificate of practice :

Section – 6. (1) No member of the Institute shall be entitled to practise 13[whether in India or elsewhere] unless he has obtained from the Council a certificate of practice :

Provided that nothing contained in this sub-section shall apply to any person who, immediately before the commencement of this Act, has been in practice as a registered accountant or a holder of a restricted certificate until one month has elapsed from the date of the first meeting of the Council.

14[(2) *Every such member shall pay such annual fee for his certificate as may be determined, by notification, by the Council, which shall not exceed rupees three thousand, and such fee shall be payable on or before the 1st day of April in each year:

Provided that the Council may, with the prior approval of the Central Government, determine the fee exceeding rupees three thousand, which shall not in any case exceed rupees six thousand.]

15[(3) †The certificate of practice obtained under sub-section (1) may be cancelled by the Council under such circumstances as may be prescribed.]