¹[15A. Functions of Institute.—The functions of the Institute shall include—

(a) the examination of candidates for enrolment;

(b) the regulation of training of students;

(c) the maintenance and publication of a Register of persons qualified to practice as cost accountants;

²[(ca) the maintenance and publication of a Register of firms;]

(d) collection of fees from members, examinees and other persons;

(e) subject to the orders of the appropriate authorities under this Act, the removal of names from the ³[Register of members and firms and the restoration of names to the Register of members and firms] which have been removed;

(f) the maintenance of a library and publication of books and periodicals relating to accountancy and allied subjects;

(g) the conduct of elections to the Council of the Institute; and

(h) the granting or refusal of certificates of practice as per guidelines issued by the Council.]

1. Ins. by Act 7 of 2006, s. 13 (w.e.f. 17-11-2006).
2. Ins. by Act 12 of 2022, s. 50 (w.e.f. 10-5-2022).
3. Subs. by s. 50, ibid., for “Register and the restoration to the Register of names” (w.e.f. 10-5-2022).