Term limits and post service employment restrictions set the framework for appointment, removal, and salary regulation. Chairperson and Members hold fixed terms of office of three years and may be re-appointed, subject to specified upper age limits; salaries and other service conditions of non-ex officio Members are prescribed. Members may resign by written notice or be removed under the statute. Non-ex officio former Members are prohibited, for a defined cooling-off period, from taking government employment or appointments in financial institutions within the International Financial Services Centres without prior Central Government approval.
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.
Term limits and post service employment restrictions set the framework for appointment, removal, and salary regulation.
Chairperson and Members hold fixed terms of office of three years and may be re-appointed, subject to specified upper age limits; salaries and other service conditions of non-ex officio Members are prescribed. Members may resign by written notice or be removed under the statute. Non-ex officio former Members are prohibited, for a defined cooling-off period, from taking government employment or appointments in financial institutions within the International Financial Services Centres without prior Central Government approval.
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