Constitution of the Council of the Institute
(1)
There shall be a Council of the Institute for the management of the affairs of the Institute and for discharging the functions assigned to it under this Act.
(a)
not more than thirty-two persons elected by the members of the Institute from amongst the fellows of the Institute chosen in such manner and from such regional constituencies as may be specified:
(i)
in case of misconduct falling under the First Schedule of this Act, for a period of four years;
(ii)
in case of misconduct falling under the Second Schedule of this Act, for a period of eight years,
(b)
not more than eight persons to be nominated in the specified manner, by the Central
(4)
No member of the Institute or any partner of a firm who has been auditor of the Institute shall be eligible for election to the Council under clause (a) of sub-section (2), for a period of four years after he ceases to be an auditor.
Notes, amendments & references (7)
1. Subs. by Act 9 of 2006, s. 6, for sub-section (2) (w.e.f. 5-9-2006).
2. Subs. by Act 12 of 2022, s. 8, for "Register" (w.e.f. 10-5-2022).
3. Subs. by s. 8, ibid ., for "three years" (w.e.f. 10-5-2022).
4. Subs. by s. 8, ibid ., for "six years" (w.e.f. 10-5-2022).
5. Ins. by Act 9 of 2006,s. 6 (w.e.f. 5-9-2006).
6. Subs. by s. 8, ibid ., for three years (w.e.f. 10-5-2022).
6. Subs. by Act 12 of 2022, s. 8, for person (w.e.f. 10-5-2022).