Section 12: President and Vice-President.

The Chartered Accountants Act, 1949Central Act · Act 38 of 1949

(1) The Council at its first meeting shall elect two of its members to be respectively the President and 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:

* * * * *

(2) The President shall be the [Head] of the Council.

[(2A) The President shall preside at the meetings of the Council.

(2B) The President and the Vice-resident shall exercise such powers and perform such duties and functions as may be prescribed.

(2C) It shall be the duty of the President to ensure that the decisions taken by the Council are implemented.

(2D) If, for any reason a vacancy occurs in the office of the President, or if the President is absent or for any other reason, is unable to exercise the powers or perform the duties assigned to him, the Vice President shall act in his place and exercise the powers and perform the duties of the President.]

(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 [under sub-section (1)].

(4) [On the expiration of the duration of the Council, the [President and the Vice-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 and the Vice-President] shall have been elected and shall have taken over [charge of their duties].

Where this provision sits

Act	The Chartered Accountants Act, 1949
Section	12
Marginal note	President and Vice-President.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

omitted, Act 12 of 2022. . The Proviso omitted by Act 12 of 2022, s. 11 (w.e.f. 10-5-2022).
substituted. . Subs. by s. 11, ibid., for “Chief Executive Authority” (w.e.f.10-5-2022).
inserted, Act 12 of 2022. . Ins. by Act 12 of 2022, s. 11 (w.e.f. 10-5-2022).
inserted, Act 9 of 2006. . Ins. by Act 9 of 2006, s. 9 (w.e.f. 8-8-2006).
substituted, Act 15 of 1959. . Subs. by Act 15 of 1959, s. 10, for “On the Dissolution of the Council, the President of the Council at the time of such dissolution (w.e.f. 1-7-1959).
substituted, Act 9 of 2006. . Subs. by Act 9 of 2006, s. 9, for President (w.e.f. 8-8-2006).
substituted. . Subs. by s. 9, ibid., for charge of his duties (w.e.f. 8-8-2006).

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