alleryStart learning →What status does s.3(2) give the Institute?
APerpetual succession and seal
BA government department
CA company limited by shares
DA registered society
Answer & Solution
Correct answer: A. Perpetual succession and seal
Section 3(2) gives the Institute perpetual succession, a common seal and capacity to sue and be sued.
Keep practising Chartered Accountants Act, 1949
Browse all Chartered Accountants Act, 1949 questions for CA Final, or explore more Auditing topics.
Related questions
A conviction carrying over six months' jail falls under which Part?Defalcating money received professionally is misconduct under which item?An employee-member leaking confidential data is guilty under which item?Contravening the Act or Council guidelines is misconduct under which item?Not obtaining sufficient information to support an opinion is misconduct under which item?Which Second Schedule item covers lack of due diligence or gross negligence?Not disclosing a material fact needed in accounts breaches which item?Under First Schedule Part IV(2), who forms the opinion that conduct brings disrepute?