https://www.taxtmi.com/acts?id=32605 Regulation prescribes that the managing director be selected through open advertisement, meet prescribed age eligibility with limited relaxations, and not serve beyond the specified age. Appointment, renewal and termination require prior Board approval; remuneration and appointment terms are approved by a compensation committee of the Governing Board. Tenure is for a fixed multi-year period with a cap on number of terms and a fresh selection process for a second term. Removal may occur for failure to implement directions, misconduct or incapacity, and the Board may suo motu remove the managing director after a hearing in the public or stakeholder interest. en-us Fri, 12 Oct 2018 17:05:49 +0530 Fri, 12 Oct 2018 17:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32605 Regulation prescribes that the managing director be selected through open advertisement, meet prescribed age eligibility with limited relaxations, and not serve beyond the specified age. Appointment, renewal and termination require prior Board approval; remuneration and appointment terms are approved by a compensation committee of the Governing Board. Tenure is for a fixed multi-year period with a cap on number of terms and a fresh selection process for a second term. Removal may occur for failure to implement directions, misconduct or incapacity, and the Board may suo motu remove the managing director after a hearing in the public or stakeholder interest. Act-Rules IBC Fri, 12 Oct 2018 17:05:49 +0530 https://www.taxtmi.com/acts?id=32605