Governing document
DEED DATED 3 JUNE 1936 , AS AMENDED BY SCHEMES OF 31 OCTOBER 1975, 8 NOVEBER 1976, 8 AUGUST 1983.
Charitable objects
TO PROVIDE SCHOLARSHIPS NOT EXCEEDING THIRTY POUNDS PER ANNUM FOR A PERIOD OF THREE YEARS FOR SUCH CHILDREN OR DEPENDENTS OF THE PAST AND PRESENT MEMBERS FO THE INSTITUTE AS THE COMMITTEE IN THEIR SOLE DISCRETION SHALL SELECT TO RECEIVE THE SAME. IN MAKING SUCH SPECIAL GRANTS FOR EDUCATIONAL PURPOSES TO CHILDREN OR DEPENDENTS OF PAST AND PRESENT MEMBERS OF THE INSTITUTE AS THE COMMITTEE IN THEIR SOLE DISCRETION SHALL THINK FIT; AND SHALL APPLY THE SURPLUS INCOME, IF ANY , TOWARDS CARRYING ON THE GENERAL PURPOSES OF THE CHARTERED ACCOUNTANTS BENEVOLENT ASSOCIATION OR BY ACCUMULATING THE SAME FOR FUTURE APPLICATION TO ANY OF THE PURPOSES AFORESAID.