Appointment of IEPF Authority members: Chairperson and members appointed under Companies Act framework with terms and reimbursement provisions. The Central Government appoints a Chairperson and specified Members to the Investor Education and Protection Fund Authority, substituting entries for serials 1-4 and inserting a new serial 7, with certain appointees holding ex officio status. The term of office for members at serials 4-7 is governed by the Authority's rules and those members are entitled to reimbursement of actual expenditure incurred for attending meetings under the applicable meeting expense provision.
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Provisions expressly mentioned in the judgment/order text.
Appointment of IEPF Authority members: Chairperson and members appointed under Companies Act framework with terms and reimbursement provisions.
The Central Government appoints a Chairperson and specified Members to the Investor Education and Protection Fund Authority, substituting entries for serials 1-4 and inserting a new serial 7, with certain appointees holding ex officio status. The term of office for members at serials 4-7 is governed by the Authority's rules and those members are entitled to reimbursement of actual expenditure incurred for attending meetings under the applicable meeting expense provision.
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