Under the CA Act, which section makes ICAI a body corporate?
ASection 30
BSection 7
CSection 21
DSection 3
Answer & Solution
Correct answer: D. Section 3
Section 3 of the Act sets up the institute as a body corporate, giving it perpetual succession and a common seal.
Keep practising Institute of Chartered Accountants of India
Browse all Institute of Chartered Accountants of India questions for CA Final, or explore more Auditing topics.
Related questions
A professional claims skills above ordinary. Standard of care?With contract and tort liability together, damages are?Which case narrowed the Hedley Byrne duty-of-care test?Which 1964 case recognised liability for negligent statements?To whom should an internal auditor report directly to preserve independence?Large non-audit fees from an audit client raise what concern?Why can very low audit fees hurt independence?What is real independence also known as?