law: The Actuaries Act, 2006
  17. President,
  
  Vice-President and Honorary Secretary. - 
  1. 
  
   The
  
  Council shall, at its first meeting, elect three of its members from amongst
  
  persons referred to in clause (a) of sub-section (2) of section 12, to be
  
  respectively the President, Vice-President and Honorary Secretary thereof, and
  
  as often as the office of the President, Vice-President and Honorary Secretary
  
  falls vacant, the Council shall choose one of the member in the same manner:
  
  Provided that the Chairperson of the Council of the Actuarial Society shall
  
  continue to hold such office as President after the commencement of this Act,
  
  until such time as a President is elected under the provisions of this
  
  sub-section.
  2. 
  
   The
  
  President shall be the Chief Executive Officer of the Council.
  3. 
  
   The
  
  President, the Vice-President or the Honorary Secretary shall hold office for a
  
  period of two years from the date on which he is chosen provided that he
  
  continues to be a member of the Council.
  4. 
  
  
  
   The
  
  President and the Vice-President shall, notwithstanding the expiration of his
  
  term, continue to hold office until his successor enters upon his office.
  5. 
  
   In
  
  the event of occurrence of any vacancy in the office of the President, the
  
  Vice-President shall act as the President until a new President is elected in
  
  accordance with the provisions of this section to fill such vacancy and enters
  
  upon his office.
  6. 
  
   When
  
  the President is unable to discharge his functions owing to absence, illness or
  
  any other cause, the Vice-President shall discharge his functions until the
  
  President resumes his duties.