PRELIMINARYCentral
Section 1 of The Cost Accountants Act, 1959
- (1)This Act may be called the Cost and Works Accountants Act, 1959.
- (2)It extends to the whole of India 1****;
- (3)It shall come into force on such date2 as the Central Government may, by notification in the Official Gazette, appoint.
Summary
- The Act is named the Cost Accountants Act, 1959.
- The Act applies to the entire country of India.
- It comes into force on a date chosen by the Central Government through an official notice in the Gazette.
Practical examples
1On 28th May, 1959, the Central Government published a notification in the Official Gazette, which officially brought the Cost Accountants Act, 1959, into force across the country.
2Ramesh, a resident of Goa, was subject to the provisions of this Act when its application was extended to Goa, Daman, and Diu on 1st August, 1965, showing how the Act extends to the whole of India.
FAQ
1. What is the official name of this law?
This law is called the Cost Accountants Act, 1959.
2. Does this law apply to all parts of India?
Yes, the Act extends to the whole of India.
3. How does this law actually come into effect?
It comes into force on a specific date decided by the Central Government, which is announced to the public through an official notice in the Gazette.
Test yourself
Q1.Under Section 1 of The Cost Accountants Act, 1959, how is the official date of commencement for the Act determined?
Q2.Which of the following is true regarding the territorial reach of The Cost Accountants Act, 1959, under Section 1?
Q3.Under Section 1 of The Cost Accountants Act, 1959, what is the official title of the Act?
Q4.If the Central Government wants to bring The Cost Accountants Act, 1959, into force under Section 1, which method must it use?