The decision was arrived during a meeting which was held on Sunday morning following tensions and disagreements that led to the cancelation of the election on 6th may in Lilongwe.
In a statement released on Monday afternoon, MISA chairperson Thom Khanje states that the polls will be conducted during an extra ordinary meeting to take place in Lilongwe.
The chairperson has emphasized that the members eligible to cast their ballot are only those that were on their voters list by 5th May a day before the initial election.
However, MISA will not foot the bill for the expenses of the members travelling to the extraordinary AGM, on grounds which have been described as a lack of funding.
Initial elections were called off on Saturday.
This was amid allegations by teams of both the contenders that the election had been rigged.
The accusations centered on the list of paid up members of the institution, which many believe had been tampered with.
Contending for the chairmanship were, Thereza Ndanga and Frank Phiri.
Critics expressed disappointment with the failed elctions mainly because of the fact that the media is supposed to be exemplary not only in its course of work but also in the society.