Accordingly, the Council of the Institute, in pursuance of sub-rule (1) of Rule 41 of the said Rules read with sub-regulation (10) of Regulation 134 of the Chartered Accountants Regulations, 1988, has fixed the following ceiling on election expenses in aggregate under all possible heads, in respect of election to 2 the Twenty Third Council and Twenty Second Regional Councils scheduled to be held in December, 2015:- 

1. For election to the Twenty Third Central Council = Rs.6.00 lakhs (Rupees Six Lakhs only)

2. For election to the Twenty Second Regional Councils = Rs.4.00 lakhs (Rupees Four Lakhs only)