ADS
THE PUBLIC ACCOUNTANTS' DEFAULT ACT, 18501
ACT NO. 12 OF 1850
[22nd March, 1850]
For avoiding loss by the default of Public Accountants. Preamble.--For better [avoidance of loss through the default of public accountants: It is enacted as follows:--
1.
Public Accountants to give security. 1. Public Accountants to give security.--Every public accountant
shall give security for the due discharge of the trusts of his office, and for the due account of all moneys which shall come into his possession or control, by reason of his office.
1. This Act has been partially extended to Berar by the Berar Laws Act, 1941 (4 of 1941) and has been declared to be in force in all the Provinces of India, except the Scheduled Districts, by the Laws Local Extent Act, 1874 (15 of 1874), s. 3. It has been declared to be in force in the Sonthal Parganas
by the Sonthal Parganas Settlement Regulations 1872 (3 of 1872), s. 3. It has been declared by notification under s. 3 (a) of the Scheduled Districts Act, 1874 (14 of 1874), to be in force in the following other Scheduled Districts, namely:-
