Disqualification from Governing Board: suspension, cancellation or notified person status bars membership and election for a two year period. Members suspended from trading or from registration for disciplinary action by the Exchange or SEBI shall not continue on the Governing Board and shall be ineligible for election to the Governing Board for two years from expiry of such suspension; members whose registration is cancelled are barred from continuing on or being elected to the Governing Board. Persons designated as Notified Persons under the Special Courts Act, 1992 shall vacate Governing Board positions and be ineligible for election for two years from de notification.