The functions of the Institute shall include—
(a)the examination of candidates for enrolment;
(b)the regulation of training of students;
(c)the maintenance and publication of a Register of persons qualified to practice as cost accountants;
(d)collection of fees from members, examinees and other persons;
(e)subject to the orders of the appropriate authorities under this Act, the removal of names from the Register and the restoration to the Register of names which have been removed;
(f)the maintenance of a library and publication of books and periodicals relating to accountancy and allied subjects;
(g)the conduct of elections to the Council of the Institute; and
(h)the granting or refusal of certificates of practice as per guidelines issued by the Council.