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Composition of Authority: appointments, term limits and removal procedures set by regulations for Board appointed members. Regulation 4 prescribes the composition of the Authority as a President, a Vice President and up to nine other Members, with the Chief Executive Officer as ex officio Member Secretary; appointments are by the Board from qualified persons, limited to not more than three representatives of exchanges or related institutions and contingent on physical fitness. Members serve three year terms, are eligible for reappointment subject to a two term cap, remuneration and terms are specified by the Board with exchange representatives unpaid by the Authority, and the Board may remove Members for reasonable cause after communicating reasons and providing a hearing.
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.
<h1>Composition of Authority: appointments, term limits and removal procedures set by regulations for Board appointed members.</h1> Regulation 4 prescribes the composition of the Authority as a President, a Vice President and up to nine other Members, with the Chief Executive Officer as ex officio Member Secretary; appointments are by the Board from qualified persons, limited to not more than three representatives of exchanges or related institutions and contingent on physical fitness. Members serve three year terms, are eligible for reappointment subject to a two term cap, remuneration and terms are specified by the Board with exchange representatives unpaid by the Authority, and the Board may remove Members for reasonable cause after communicating reasons and providing a hearing.
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