Chapter 01 - Investor Education and Protection Fund Authority (Appointment of Chairperson and Members holding of meetings and provision for offices and officers) Rules, 2016 (From Rule 1 to Schedule II)
Rule 8 - The term of office of members of the Authority
Investor Education and Protection Fund Authority (Appointment of Chairperson and Members holding of meetings and provision for offices and officers) Rules, 2016 Chapter 01
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Investor Education and Protection Fund Authority members serve three-year terms with a three-term cap and defined removal grounds. Members serve three-year terms, eligible for reappointment but limited to three terms; reappointment after three terms requires a three-year cooling-off period. Service also ends upon attaining age 65. The Central Government may terminate a member with three months' written notice for specified reasons, and a member may resign with three months' notice. Removal grounds include insolvency, declared unsound mind, conviction involving moral turpitude, or abuse of position; removal requires a reasonable opportunity to be heard.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investor Education and Protection Fund Authority members serve three-year terms with a three-term cap and defined removal grounds.
Members serve three-year terms, eligible for reappointment but limited to three terms; reappointment after three terms requires a three-year cooling-off period. Service also ends upon attaining age 65. The Central Government may terminate a member with three months' written notice for specified reasons, and a member may resign with three months' notice. Removal grounds include insolvency, declared unsound mind, conviction involving moral turpitude, or abuse of position; removal requires a reasonable opportunity to be heard.
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