The Chartered Accountants Act, 1949 is a statute enacted by the Parliament of India to regulate the profession of Chartered Accountants in India. It was enacted by the Constituent Assembly of India

Constituent Assembly of India

The Constituent Assembly of India was elected to write the Constitution of India, and following independence served as the nation's first Parliament.-Nature of the Assembly:...

 which was acting as the provisional Parliament of India in 1949. Under this act the Institute of Chartered Accountants of India

Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India is a national professional accounting body of India. It was established on 1 July 1949 as a body corporate under the Chartered Accountants Act, 1949 enacted by the Constituent Assembly of India to regulate the profession of Chartered Accountancy in...

was established to educate, register and regulate Chartered Accountants in India. The Act provides for ethical practices of Chartered Accountants and disciplinary proceedings against a Chartered Accountant.