Act Number: 38

Act Name: The Chartered Accountants Act, 1949

Year: 1949

Enactment Date: 1949-05-01

Long Title: An Act to make provision for the regulation of the profession of chartered accountants.

Ministry: Ministry of Corporate Affairs

Department:

Section 10: Re-election or re-nomination to Council.
    1[10. Re-election or re-nomination to Council.-2[1] A member of the Council, elected or nominated under sub-section (2) of section 9, shall be eligible for re-election or, as the case may be, re-nomination:
     Provided that no member shall hold the office for more than 3[ two consecutive terms]:
     Provided further that a member of the Council, who is or has been elected as President under sub-section (1) of section 12, shall not be eligible for election or nomination as a member of the Council.]
4[(2) Notwithstanding anything contained in sub-section (1), a member of the Council who immediately at the commencement of the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Act, 2022, has held office as such member for two terms or is holding office for the second term of three years, shall be eligible to contest for one more term of four years and a member who has held office for one term or is holding office for the first term of three years, shall be eligible to contest for two more consecutive terms.]
Notes:
1. Subs. by s. 7, ibid. for section 10 (w.e.f. 8-8-2006).
2. Section 10 shall be renumbered as sub-section (1) by Act 12 of 2022, s. 10 (w.e.f. 10-5-2022).
3. Subs. by s. 10, ibid., for three consecutive terms (w.e.f. 10-5-2022).
4. Ins. by s. 10, ibid. (w.e.f. 10-5-2022).
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