Act Number: 23

Act Name: The Cost Accountants Act, 1959

Year: 1959

Enactment Date: 1959-05-19

Long Title: An Act to make provision for the regulation of the profession of cost and works accountants.

Ministry: Ministry of Corporate Affairs

Department:

Section 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 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.
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).
Scroll to Top