The Pharmacy Act of 1948 aims to regulate the practice and profession of pharmacy in India, establish the Pharmacy Council of India, and set standards for pharmacy education and practitioners. It outlines the roles and responsibilities of various councils, committees, and the registration process for pharmacists while providing regulations concerning educational qualifications and the approval of pharmacy institutions. The act also defines the procedures for the registration of pharmacists, conditions for maintaining the register, and the penalties for violations of its provisions.