Resignation and removal safeguards for foreign exchange adjudicatory office-holders were omitted, ending the specified notice and inquiry framework. Section 25 on resignation and removal of the Chairperson or a Member under the Foreign Exchange Management Act, 1999, was omitted through the Finance Act, ... Summary
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Resignation and removal safeguards for foreign exchange adjudicatory office-holders were omitted, ending the specified notice and inquiry framework.
Section 25 on resignation and removal of the Chairperson or a Member under the Foreign Exchange Management Act, 1999, was omitted through the Finance Act, 2017. Previously, resignation required written notice to the Central Government, with continuation in office unless earlier release was permitted. Removal could occur only for proved misbehaviour or incapacity after an inquiry by a person appointed by the President, with disclosure of charges and a reasonable opportunity of hearing.
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