law: Cost and Works Accountants Act, 1959 
  39. Power to make regulations 
  (1) The Council may, by notification 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, namely:- 
  (a) the standard and
  
  conduct of examinations under this Act;
  (b) the qualification
  
  for the entry of the name of any person in the Register as a member of the
  
  Institute;
  (c) the qualification
  
  required for the purposes of sub-section (4) of section 5;
  (d) the conditions
  
  under which any examination or training may be treated as equivalent to the
  
  examination or training prescribed for members of the Institute;
  (e) the conditions
  
  under which any foreign qualification may be recognized;
  (f) the manner in
  
  which and the conditions subject to which applications for entry in the
  
  Register may be made;
  (g) the fees payable
  
  for membership of the Institute and the annual fees payable by associates and fellows
  
  of the Institute in respect of their certificates;
  (h) the manner in
  
  which elections to the Council and the Regional Councils may be held;
  (i) the particulars to
  
  be entered in the Register;
  (j) the functions of
  
  Regional Councils;
  (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
  
  libraries and publication of books and periodicals relating to cost accountancy
  
  and allied subjects;
  (n) the management of
  
  the property of the Council and the maintenance and audit of its accounts;
  (o) the summoning and
  
  holding the meetings of the Council and committees thereof, the time and places
  
  of such meetings, the procedure to be followed thereat and the number of
  
  members necessary to form a quorum;
  (p) the manner in
  
  which the annual list of members of the Institute shall be published;
  (q) the powers, duties
  
  and functions of the President and the Vice-President of the Council;
  (r) the functions of
  
  the standing and other committees and the conditions subject to which such
  
  functions shall be discharged.
  (s) the terms of
  
  office, and the powers, duties and functions of the Secretary and other employees
  
  of the Council;
  (t) the exercise of
  
  disciplinary powers conferred by this Act;
  (u) the terms and
  
  conditions of service of persons who have become employees of the institute
  
  under section 32 of this Act;
  (v) the registration and
  
  training of students and the fees to be charge therefor and
  (w) 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 such regulations
  
  shall be deemed to have been made by the Council, and shall remain in force
  
  until they are amended, altered or revoked by the Council.
  (5) Every regulation made under this Act shall
  
  be laid, as soon as may be after it is made, before each House of Parliament, while
  
  it is in session, for a total period of thirty days which may be comprised in
  
  one session or in two or more successive sessions, and, if ,before the expiry
  
  date of the session immediately following the session or the successive
  
  sessions aforesaid, both Houses agree in making any modification in the
  
  regulation, or both houses agree that the regulation should not be made, the
  
  regulation shall thereafter have effect only in such modified form or be of no
  
  effect, as the case may be; so, however, that any such modification or
  
  annulment shall be without prejudice to the validity of anything previously
  
  done under that regulation.