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CA Final Chartered Accountants Act, 1949 — practice questions — page 2

Explore 74 free Chartered Accountants Act, 1949 questions in CA Final Auditing. Open each question or exercise to read its content, reference answers and available explanation.

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Chartered Accountants Act, 1949 questions and exercises with answers

Showing questions 31–60 of 74.

Under s.26(1), who may sign documents on behalf of a CA in practice?Read the answer and worked solution →The minimum first-conviction fine under s.26(2) for unqualified signing is what?Read the answer and worked solution →A CA firm with several offices in India must keep each office under whom (s.27)?Read the answer and worked solution →A firm with more than one office must send the Council what under s.27(2)?Read the answer and worked solution →Prosecution under the CA Act needs a complaint by or under order of whom (s.28)?Read the answer and worked solution →Which function does s.28B give the Quality Review Board?Read the answer and worked solution →Who bears the expenditure of the Quality Review Board (s.28D(2))?Read the answer and worked solution →Who is deemed 'in practice' under s.2(2) if he engages in what for remuneration?Read the answer and worked solution →Section 2(1)(ca) says a 'firm' includes which kind of entity?Read the answer and worked solution →In the CA Act, 'Board' (s.2(1)(aaa)) means which body?Read the answer and worked solution →What status does s.3(2) give the Institute?Read the answer and worked solution →Members of the Institute are divided into which two classes (s.5(1))?Read the answer and worked solution →An associate who is entered in the Register may use which letters after his name?Read the answer and worked solution →An associate in continuous practice for how long can become a fellow (s.5(3))?Read the answer and worked solution →Without what may a member not practise under s.6(1)?Read the answer and worked solution →Under s.6(2), the annual certificate fee is payable on or before which date?Read the answer and worked solution →Who may cancel a certificate of practice under s.6(3)?Read the answer and worked solution →Which designation must a member in practice use under s.7?Read the answer and worked solution →Under s.8, a person below what age cannot be entered in the Register?Read the answer and worked solution →Which person is disabled from being on the Register under s.8(iii)?Read the answer and worked solution →A person of unsound mind is disabled under s.8 only if so adjudged by whom?Read the answer and worked solution →Under s.20(1), the Council may remove the name of a member who has what?Read the answer and worked solution →When an order removes a member from membership, the Council under s.20(2) does what?Read the answer and worked solution →Under First Schedule Part I, which act is misconduct for a CA in practice?Read the answer and worked solution →Despite the ban on soliciting, what does the First Schedule permit?Read the answer and worked solution →A member in practice may advertise through what, per the proviso to Part I item (7)?Read the answer and worked solution →Accepting an audit held by another CA without doing what is misconduct (Part I, item 8)?Read the answer and worked solution →Charging fees as a percentage of profits is misconduct under which First Schedule item?Read the answer and worked solution →A CA in practice engaging in another business needs whose permission (Part I, item 11)?Read the answer and worked solution →A CA in practice may be a director of a company, but not a what?Read the answer and worked solution →

Worked practice questions

Under s.26(1), who may sign documents on behalf of a CA in practice?

  1. Only a member of ICAI
  2. Any senior clerk
  3. Any graduate staff
  4. Any client partner
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Correct answer: A. Only a member of ICAI

Section 26(1) forbids anyone other than a member of the Institute from signing on behalf of a CA in practice or his firm.

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The minimum first-conviction fine under s.26(2) for unqualified signing is what?

  1. Rs 1,000
  2. Rs 5,000
  3. Rs 25,000
  4. Rs 1 lakh
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Correct answer: B. Rs 5,000

Section 26(2) sets a fine of not less than five thousand rupees, extendable to one lakh.

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A CA firm with several offices in India must keep each office under whom (s.27)?

  1. A senior clerk
  2. A Council nominee
  3. A member of ICAI
  4. A retired partner
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Correct answer: C. A member of ICAI

Section 27(1) requires each office to be in the separate charge of a member of the Institute.

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