Appointment of Director General, etc (1) The Central Government may, by notification, appoint a Director General for the purposes of assisting the Commission in conducting inquiry into contravention of any of the provisions of this Act and for performing such other functions as are, or may be, provided by or under this Act. (1A) The number of other Additional, Joint, […]
Vacancy, etc., not to invalidate proceedings of Commission No act or proceeding of the Commission shall be invalid merely by reason of— (a) any vacancy in, or any defect in the constitution of, the Commission; or (b) any defect in the appointment of a person acting as a Chairperson or as a Member; or (c) any irregularity in the procedure of the Commission not affecting
Salary and allowances and other terms and conditions of service of Chairperson and other Members. (1) The salary, and the other terms and conditions of service, of the Chairperson and other Members, including travelling expenses, house rent allowance and conveyance facilities, sumptuary allowance and medical facilities shall be such as may be prescribed. (2) The salary, allowances and other terms
Administrative powers of Chairperson The Chairperson shall have the powers of general superintendence, direction and control in respect of all administrative matters of the Commission: Provided that the Chairperson may delegate such of his powers relating to administrative matters of the Commission, as he may think fit, to any other Member or officer of the Commission.] Amendment 1. Subs. by s. 10, ibid., for section
Restriction on employment of Chairperson and other Members in certain cases. The Chairperson and other Members shall not, for a period of 1[two years] from the date on which they cease to hold office, accept any employment in, or connected with the management or administration of, any enterprise which has been a party to a proceeding before the Commission under this Act: Provided that nothing
Resignation, removal and suspension of Chairperson and other Members. (1) The Chairperson or any other Member may, by notice in writing under his hand addressed to the Central Government, resign his office: Provided that the Chairperson or a Member shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months
Non-Banking Financial Companies (NBFCs) are financial institutions that offer banking services without a banking license. NBFCs are subject to regulatory scrutiny by the Reserve Bank of India (RBI) and other financial regulatory authorities. One of the key regulatory requirements for NBFCs is to conduct internal and statutory audits Non-Banking Financial Companies (NBFCs) play a crucial role in
In India, the Permanent Account Number or PAN Card is an important identity proof which is issued to all citizens including minors, Non-resident Indians (NRIs) and foreign nationals. As per section 160 of the Income Tax Act, even minors are eligible to apply for the PAN card as there is no age limit requirement specified in
Term of office of Chairperson and other Members (1) The Chairperson and every other Member shall hold office as such for a term of five years from the date on which he enters upon his office and shall be eligible for re-appointment: 1[Provided that the Chairperson or other Members shall not hold office as such after he has attained the age of sixty-five
Selection Committee for Chairperson and Members of Commission (1) The Chairperson and other Members of the Commission shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of— (a) the Chief Justice of India or his nominee……..Chairperson; (b) the Secretary in the Ministry of Corporate Affairs………Member; (c) the Secretary in the Ministry of
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
