Conditions of appointment of Directors

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....lion exchange or bullion clearing corporation shall be with the prior approval of the Authority. (2) The public interest directors on the governing board of the bullion exchange and the bullion clearing corporation shall be appointed with the prior approval of the Authority. (3) Public interest directors shall be appointed for a term of three years, extendable by another term of three years,....

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....rning board apprised of any conflict of interest, which may arise as a result of the public interest director providing services, either directly or indirectly, to any trading member or clearing member or their associates and agents. (6) No public interest director shall become a non-independent director unless there is a cooling-off period of three years after ceasing to be a public interest d....