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        SEBI

        Regulation 7 - TENURE

        Securities and Exchange Board of India (Ombudsman) Regulations, 2003
        Chapter II
        ESTABLISHMENT OF OFFICE OF OMBUDSMAN

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        Tenure of Ombudsman: fixed term with limited reappointment, age cap, and three month notice for termination or resignation. An Ombudsman serves a fixed three year term, eligible for reappointment for two additional years, but must retire upon reaching sixty five; the Board may terminate the Ombudsman with not less than three months' written notice or equivalent pay, and the Ombudsman may resign by giving not less than three months' written notice.
                        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.

                              Tenure of Ombudsman: fixed term with limited reappointment, age cap, and three month notice for termination or resignation.

                              An Ombudsman serves a fixed three year term, eligible for reappointment for two additional years, but must retire upon reaching sixty five; the Board may terminate the Ombudsman with not less than three months' written notice or equivalent pay, and the Ombudsman may resign by giving not less than three months' written notice.


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