14. Duration and dissolution of the Council.- (1) The duration of any Council constituted under this Act shall be *[four years ] from the date of its first meeting. (2) Notwithstanding the expiration of the duration of a Council (thereafter in this sub-section referred to as the former Council), the former Council shall continue to exercise its functions under this Act until a new Council is constituted in accordance with the provisions of this Act and on such constitution the former Council shall stand dissolved. *[Substituted by Company Secretaries (Amendment) Act, 2006 w.e.f 8-8-2006]
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