https://www.taxtmi.com/acts?id=33325 Regulation 26 requires Board approval for appointment, renewal and termination of a depository's Managing Director; sets five year appointment terms with a cumulative ten year cap and an age limit of sixty five; prescribes disqualifications regarding shareholding and concurrent positions; allows specified non executive public or educational board roles with approval; permits removal by the governing board with Board approval or directly by the Board after hearing; and assigns core duties including overall management, regulatory compliance, risk management, and ensuring adequate infrastructure. en-us Thu, 20 Dec 2018 16:01:31 +0530 Mon, 24 Nov 2025 13:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33325 Regulation 26 requires Board approval for appointment, renewal and termination of a depository's Managing Director; sets five year appointment terms with a cumulative ten year cap and an age limit of sixty five; prescribes disqualifications regarding shareholding and concurrent positions; allows specified non executive public or educational board roles with approval; permits removal by the governing board with Board approval or directly by the Board after hearing; and assigns core duties including overall management, regulatory compliance, risk management, and ensuring adequate infrastructure. Act-Rules SEBI Thu, 20 Dec 2018 16:01:31 +0530 https://www.taxtmi.com/acts?id=33325