Cost and Works Accountants Act, 1959
96. Auditors
The Council shall determine the remuneration, if any to be paid
to the auditors elected at the Annual Meeting. In the event of any vacancy
occurring in the office of auditor between two Annual Meetings or in the event
of a vacancy not being filled up at any Annual Meeting the said vacancy may be
filled up by the Executive Committee and a person so becoming an auditor shall
hold office until the next Annual Meeting, but shall be eligible for election:
PROVIDED that during the period of such vacancy the
continuing auditor, if any, may act alone.