law: Company Secretaries Act, 1980
  14. Duration and Dissolution of The 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 (hereafter 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.