https://www.taxtmi.com/caselaws?id=106123 Regulation 48 of the Chartered Accountants Regulations, 1988, was upheld as a valid exercise of the Council's regulatory power under the parent Act. The stipend payable to articled clerks was treated as part of the training structure, intended to meet pocket expenses, compensate services rendered, and attract capable students to the profession; the population-based classification was held to have a rational nexus with differing economic conditions and was not violative of Article 14. The challenge under Article 19(1)(g) also failed because the stipend obligation was a statutory incident of the profession and not an impermissible restriction. The regulation was therefore not ultra vires or unconstitutional. en-us Tue, 28 Jul 1998 00:00:00 +0530 Mon, 12 Mar 2012 17:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106123 Regulation 48 of the Chartered Accountants Regulations, 1988, was upheld as a valid exercise of the Council's regulatory power under the parent Act. The stipend payable to articled clerks was treated as part of the training structure, intended to meet pocket expenses, compensate services rendered, and attract capable students to the profession; the population-based classification was held to have a rational nexus with differing economic conditions and was not violative of Article 14. The challenge under Article 19(1)(g) also failed because the stipend obligation was a statutory incident of the profession and not an impermissible restriction. The regulation was therefore not ultra vires or unconstitutional. Case-Laws Companies Law Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106123