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 14: Duration and dissolution of Council.
    1[(1)] The duration of any Council constituted under this Act shall be 2[four 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.]
Notes:
1. Section 14 re-numbered as sub-section (1) thereof by Act 15 of 1959, s. 12 (w.e.f. 1-7-1959).
2. Subs. by Act 12 of 2022, s. 13, for “three years” (w.e.f. 10-5-2022).
3. Ins. by s. 12, ibid. (w.e.f. 1-7-1959).
Scroll to Top