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Section12
The Chartered Accountants Act, 1949

President and Vice-President

In force From 01 Jul 1949 Act 38 of 1949 As on 22 Oct 2026

Act 38 of 1949 Ministry Corporate Affairs Enacted 01 May 1949 In force 01 Jul 1949 Cited by 1 provision Instruments 4

Section 12 of the Chartered Accountants Act, 1949 deals with president and Vice-President. 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 The Act came into force on 01 Jul 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:

1*****

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

3 [(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 4[under sub-section (1)].

(4) 5[On the expiration of the duration of the Council, the 6[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 6[President and the Vice-President] shall have been elected and shall have taken over 7[charge of their duties].

Section 12, The Chartered Accountants Act, 1949 (Act 38 of 1949).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. 10 Re-election or re-nomination to Council

Made under this section, and citing it

1 instrument states that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.

Another 3 instruments name this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 12

What does Section 12 of the Chartered Accountants Act deal with?

Section 12 of the Chartered Accountants Act is headed "President and Vice-President". 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

How do I find court cases under Section 12 of the Chartered Accountants Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Chartered Accountants Act 12, section 12 Chartered Accountants Act, section 12 of the Chartered Accountants Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 12 of the Chartered Accountants Act, and has it changed?

1 other provision in this corpus refers back to it. The rules and notifications made under it are where it actually bites, and there is one: most recently The Charted Accountants(Amendment) Act,2006. 08/08/12 (2012).

When did Section 12 of the Chartered Accountants Act come into force?

Section 12 of the Chartered Accountants Act, cited as Chartered Accountants Act 12, came into force on 01 Jul 1949, having been enacted on 01 May 1949. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 22 Oct 2026. This page is not a substitute for legal advice.