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Section 17: Committees of the Council.

The Cost Accountants Act, 1959Central Act · Act 23 of 1959

(1) The Council shall constitute from amongst its members of the following Standing Committees, namely:--

(i) an Executive Committee;

[(ii) a Finance Committee; and;]

(iii) an Examination Committee.

(2) The Council may also form a Training and Educational Facilities Committee and such other Committees from amongst its members as it deems necessary for the purpose of carrying out the provisions of this Act.

[(3) Each of the Standing Committees shall consist of the President and the Vice-President ex officio, and minimum of three and maximum of five members to be elected by the Council from amongst its members];

* * * * *

(6) Notwithstanding anything contained in this section, any Committee formed under sub-section (2), may, with the sanction of the Council, co-opt such other members of the Institute not exceeding [one-third of total membership of the Committee] as the Committee thinks fit, and any member so co-opted shall be entitled to exercise all the rights of a member of the Committee.

(7) The President shall be the Chairman of every Committee of which he is a member, arid in his absence, the Vice-President, if he is a member of the Committee, shall be the Chairman.

(8) The Standing Committees and other Committees formed under this section shall exercise such functions and be subject to such conditions in the exercise thereof as may be prescribed.

Where this provision sits

ActThe Cost Accountants Act, 1959
Section17
Marginal noteCommittees of the Council.
JurisdictionCentral
StatusIn 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.

  • substituted, Act 7 of 2006. . Subs. by Act 7 of 2006, s. 15, for clause (ii) (w.e.f. 17-11-2006).
  • substituted. . Subs. by s. 15, ibid., for sub-section (3) (w.e.f. 17-11-2006).
  • omitted. . Sub-sections (4) and (5) omitted by s. 15, ibid. (w.e.f. 17-11-2006).
  • substituted. . Subs. by s. 15, ibid., for two-thirds of total membership of the Committee (w.e.f. 17-11-2006).

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