Chartered Accountants Act : President and Vice-President. Indian Bare Acts :

Chartered Accountants Act,1949

Act No : 38

Section : President and Vice-President.

12. President and Vice-President. (1) The Council at its first meeting shall elect two of its members to be respectively the President and the Vice-President thereof, and so often as the office of the President or the Vice-President becomes vacant the Council shall choose another person to be the President or the Vice-President, as the case may be: Provided that on the first constitution of the Council a member of the Council nominated in this behalf by the Central Government shall discharge the functions of the President, until such time as a President is elected under the provisions of this sub-section. (2) The President shall be the Chief Executive Authority of the Council. (3) The President or the Vice-President shall hold office for a period of one year from the date on which he is chosen but so as not to extend beyond his term of office as a member of the Council, and, subject to his being a member of the Council at the relevant time, he shall be eligible for re-election. (4) 2*[On the expiration of the duration of the Council, the President of the Council at the time of such expiration] shall continue to hold office and discharge such administrative and other duties as may be prescribed until such time as a new President shall have been elected and shall have taken over charge of his duties. --------------------------------------------------------------------- 1 Subs. by Act 15 of 1959, s. 9, for the original section (w.e.f. 1-7-1959). 2 Subs. by s. 10, ibid., for certain words (w.e.f. 1-7-1959). 12