Resignation of membership and casual vacancies
(1) Any member of the Council may at any time resign his membership by writing under his hand addressed to the President, and the seat of such member shall become vacant when such resignation is notified in the Official Gazette.
(2) A member of the Council shall be deemed to have vacated his seat if he is declared by the Council to have been absent without sufficient from three consecutive meetings of the Council 1[or he has been found guilty of any professional or other misconduct and awarded penalty of fine] or of any of the Committees which has been constituted by the Council and of which he is a member or if his name is, for any cause, removed from the Register under the provisions of section 20.
(3) A casual vacancy in the office of a member of the Council shall be filled by fresh election from the constituency concerned or by nomination by the Central Government, as the case may be, and the person elected or nominated to fill the vacancy shall hold Office until the dissolution of the Council.
Provided that no election shall be held to fill a casual vacancy occurring within 2[one year] prior to the date of the expiration of the term of the Council, but such a vacancy may be filled by nomination by the Central Government after consultation with the President of the Council.
(4) No act done by the Council shall be called in question on the ground merely of the existence of any vacancy in or defect in the constitution of, the Council.
Amendment
1 Inserted by The Company Secretaries (Amendment) Act, 2006 w.e.f. 17-11-2006.
2 Substituted for “six months” vide The Company Secretaries (Amendment) Act, 2006 w.e.f. 17-11-2006.
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