30. Regulation of conduct of members

The Council may, in addition to any fundamental rules relating to professional conduct made under this Act, make by-laws for the inculcation of sound practice, the prevention of illegal and dishonourable practices and the promotion of the interests of the profession of accountancy and may prohibit such acts and regulate the conduct of members of the Society in that regard as it thinks fit.

The Council may provide penalties (including forfeiture of membership) for members of the Society who may commit a breach or fail to observe the provisions of any such by-law.

A copy of all by-laws made by the Council under this section shall be submitted to the Minister and shall be published in the Gazette. [31