https://www.taxtmi.com/acts?id=55069 Prior approval of the Authority governs the appointment, renewal, removal or termination of a managing director, including compensation and any change to compensation terms. Appointments are limited to five years per term, require a fresh process after the first term, and cannot exceed ten years in total or continue beyond sixty-five years of age. Shareholding, member-related and concurrent-position conflicts are prohibited. Removal for non-compliance requires prior Authority approval, while Authority-initiated removal or termination requires an opportunity of being heard. en-us Sat, 12 Sep 2026 13:39:59 +0530 Sat, 12 Sep 2026 13:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55069 Prior approval of the Authority governs the appointment, renewal, removal or termination of a managing director, including compensation and any change to compensation terms. Appointments are limited to five years per term, require a fresh process after the first term, and cannot exceed ten years in total or continue beyond sixty-five years of age. Shareholding, member-related and concurrent-position conflicts are prohibited. Removal for non-compliance requires prior Authority approval, while Authority-initiated removal or termination requires an opportunity of being heard. Act-Rules Indian Laws Sat, 12 Sep 2026 13:39:59 +0530 https://www.taxtmi.com/acts?id=55069