Appointment of Part-time Member: statutory appointment to a regulatory board for a fixed term under service rules. The Central Government, exercising statutory power under the enabling Act and the Terms and Conditions of Service Rules, appoints Dr. L.C. Gupta as a part-time Member of the securities regulator under the relevant clause of the enabling provision. The appointment is made by departmental notification and provides that the appointee shall hold office for a fixed term of three years from the date he assumes office.