law: Chartered Accountants Act, 1949 
  30. Power to make regulations
  (1) The Council may, by notifications in the Gazette of India,
  
  make regulations for the purpose of carrying out the objects of this Act, and a
  
  copy of such regulations shall be sent to each member of the Institute.
  (2) In particular, and without prejudice to the generality of
  
  the foregoing power, such regulations may provide for all or any of the
  
  following matters,- 
  (a) the standard and conduct of examinations
  
  under this Act;
  (b) the qualifications for the entry of the name
  
  of any person in the Register as a member of the Institute;
  (c) the conditions under which any examination
  
  or training may be treated as equivalent to the examination and training
  
  prescribed for members of the Institute;
  (d) the conditions under which any foreign
  
  qualification may be recognized;
  (e) the manner in which and the conditions
  
  subject to which applications for entry in the Register may be made;
  (f) the fees payable for membership of the
  
  Institute and the annual fee payable by associates and fellows of the Institute
  
  in respect of their certificates;
  (g) the manner in which elections to the
  
  Council and the Regional Councils may be held;
  (h) the particulars to be entered in the
  
  Register;
  (i) the functions of Regional Councils;
  (j) the training of articled and audit clerks,
  
  the fixation of limits within which premia may be charged from articled clerks
  
  and the cancellation of articles and termination of audit service for
  
  misconduct or for any other sufficient cause;
  (k) the regulation and maintenance of the
  
  status and standard of professional qualifications of members of the Institute;
  
  
  (l) the carrying out of research in
  
  accountancy;
  (m) the maintenance of a library and
  
  publication of books and periodicals on accountancy;
  (n) the management of the property of the
  
  Council and the maintenance and audit of its accounts;
  (o) the summoning and holding of meetings of
  
  the Council, the times and places of such meetings, the conduct of business
  
  thereat and the number of members necessary to form a quorum;
  (p) the powers, duties and functions of the
  
  President and the Vice-President of the Council;
  (q) the functions of the Standing and other
  
  committees and the conditions subject to which such functions shall be
  
  discharged;
  (r) the terms of office, and the powers,
  
  duties and functions of the Secretary and other officers and servants of the
  
  Council;
  (s) the exercise of disciplinary powers
  
  conferred by this Act; and
  (t) any other matter which is required to be
  
  or may be prescribed under this Act.
  (3) All regulations made by the Council under this Act shall be
  
  subject to the condition of previous publication and to the approval of the
  
  Central Government.
  (4) Notwithstanding anything contained in sub-sections (1) and
  
  (2) the Central Government may frame the first regulations for the purposes
  
  mentioned in this section, and regulations shall be deemed to have been made by
  
  the Council, and shall remain in force from the date of the coming into force
  
  of this Act, until they are amended, altered or revoked by the Council.