Section 12
President and Vice-president.
The Cost Accountants Act, 1959
About this Act
An Act to make provision for the regulation of the profession of cost and works accountants.
(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 a person to be the President or
the Vice-President, as the case may be:
1* * * * *.
(2) The President shall be the 2[Head] 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 3[under sub-section (1)]:
Provided that 4[the President and the Vice-President] of the Council at the time of the expiration of its duration shall continue to hold office until a new Council is constituted in accordance with the provisions of this Act.
1* * * * *.
(2) The President shall be the 2[Head] 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 3[under sub-section (1)]:
Provided that 4[the President and the Vice-President] of the Council at the time of the expiration of its duration shall continue to hold office until a new Council is constituted in accordance with the provisions of this Act.
Notes
1. The proviso omitted by Act 12 of 2022, s. 47 (w.e.f. 10-5-2022).
2. Subs. by s. 7, ibid., for "Chief Executive Authority" (w.e.f. 8-8-2006).
3. Ins. by s. 9, ibid. (w.e.f. 8-8-2006).
4. Subs. by s. 9, ibid., for "the President" (w.e.f. 8-8-2006).
2. Subs. by s. 7, ibid., for "Chief Executive Authority" (w.e.f. 8-8-2006).
3. Ins. by s. 9, ibid. (w.e.f. 8-8-2006).
4. Subs. by s. 9, ibid., for "the President" (w.e.f. 8-8-2006).