Chartered Accountants Act : Duration and dissolution of Council. Indian Bare Acts :

Chartered Accountants Act,1949

Act No : 38

Section : Duration and dissolution of Council.

14. Duration and dissolution of Council. 2*[(1)] The duration of any Council constituted under this Act shall be three years from the date of its first meeting, on the expiry of which it shall stand dissolved and a new Council constituted in accordance with the provisions of this Act. 3*[(2) Notwithstanding the expiration of the duration of a Council (hereinafter referred to as the former Council), the former Council shall continue to exercise its functions until a new Council is constituted in accordance with the provisions of this Act, and on such constitution, the former Council shall stand dissolved.]