CAP. 50]
Compulsory retirement of elected members.
(14 of 1985.) (*19.4.1985.)
Procedure for election of
professional accountants as elected members.
Professional Accountants
[1985 Ed.
(a) a casual vacancy under section 4(3) or (4) shall hold office for so long as the member in whose place he is appointed would have held office or until the member resumes his office on the Council, whichever is the earlier; or
(b) a vacancy under section 15 shall hold office for so long as the member in whose place he is appointed would have held office.
12. (1) Subject to subsection (2) and section 13(2), immediately before the conclusion of each annual general meeting of the Society, the 6 elected members who have been longest in office since their last election shall retire from office.
(2) Subject to section 13(2), immediately before the conclusion of the first 2 annual general meetings of the Society after the commencement* of the Professional Accountants (Amendment) Ordinance 1985-
(a) in the case of the first such annual general meeting, 5 elected members who have been longest in office since their last election shall retire from office; and
(b) in the case of the second such annual general meeting, 5 elected members who have been longest in office since their last election, and 1 elected member from among the remaining 7 elected members who shall be selected by lot, shall retire from office.
(3) Every elected member who retires from office in accordance with this section shall be eligible for re-election.
(Replaced, 14 of 1985, s. 4)
13. (1) If the number of professional accountants nominated as candidates for election to the Council at an annual general meeting of the Society-
(a) does not exceed the number of vacancies for elected members, the candidates shall be deemed to have been elected to the Council with effect from immediately before the conclusion of the annual general meeting at which the vacancies are to be filled:
(b) exceeds the number of vacancies for elected members, the election shall be determined by ballot, and the candidates so elected shall hold office as elected members with effect from immediately before the conclusion of the annual general meeting; or
(c) is less than the number of vacancies in respect of elected members, the Governor may appoint a professional accountant to fill any vacancy among the elected members of the Council remaining unfilled at the conclusion of the annual general meeting.