law: Cost and Works Accountants Act, 1959 
  14. Duration and dissolution of Council 
  (1) The duration of any Council constituted
  
  under this Act shall be three years from the date of its first meeting.
  (2) Notwithstanding the expiration of the
  
  duration of a Council (hereinafter 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.