law: Chartered Accountants Act, 1949 
  3. Incorporation of the Institute
  (1) All persons whose names are entered in the Register at the
  
  commencement of this Act and all persons who may hereafter have their names
  
  entered in the Register under the provisions of this Act, so long as they
  
  continue to have their names borne on the said Register, are hereby constituted
  
  a body corporate by the name of the Institute of Chartered Accountants of
  
  India, and all such persons shall be known as members of the Institute.
  (2) The Institute shall have perpetual succession and a common
  
  seal and shall have power to acquire, hold and dispose off property, both
  
  movable and immovable, and shall by its name sue or be sued.