In force · As amended up to 2026-08
CHAPTER III
COUNCIL OF THE INSTITUTE
9. 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.
10[(2) The Council shall be composed of the following persons, namely: —
1. Subs. by Act 12 of 2022, s. 6, for sub-section (2) (w.e.f. 10-5-2022).
2. Ins. by Act 9 of 2006, s. 5 (w.e.f. 8-8-2006).
3. Subs. by Act 15 of 1959, s. 6, for certain words (w.e.f. 1-7-1959).
4. Subs. by Act 12 of 2022, s. 7, for "Register" (w.e.f. 10-5-2022).
5. Subs. by Act 15 of 1959, s. 7, for clause (ii) (w.e.f. 1-7-1959).
6. Ins. by Act 12 of 2022, s. 7 (w.e.f. 10-5-2022).
7. Subs. by s. 7, ibid ., for "without India" (w.e.f. 10-5-2022).
8. The words "transportation or" omitted by s. 7, ibid . (w.e.f. 10-5-2022).
9. Subs. by Act 15 of 1959, s. 7, for clause (vi) (w.e.f. 1-7-1959).
10. Subs. by Act 9 of 2006, s. 6, for sub-section (2) (w.e.f. 5-9-2006).
(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:
Provided that a fellow of the Institute, who has been found guilty of any professional or other misconduct and whose name is removed from the[1] [Register of members] or has been awarded — penalty of fine, shall not be eligible to contest the election,
(i) in case of misconduct falling under the First Schedule of this Act, for a period of[2] [four years];
(ii) in case of misconduct falling under the Second Schedule of this Act, for a period of 3[eight years],
from the completion of the period of removal of name from the[1] [Register of members] or payment of fine, as the case may be;
(b) not more than eight persons to be nominated in the specified manner, by the Central Government.]
4[(3) No person holding a post under the Central Government or a State Government shall be eligible for election to the Council under clause (a) of sub-section (2).
(4) No[5] [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[6] [four years] after he ceases to be an auditor.]
Source: India Code