Substitution of rule 8 of the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993 - GSR 203(E) - Companies Law

NOTIFICATION NO. GSR 203(E) [F.NO. A-12018/1/99-ADMN. I], DATED 12-3-1999, ISSUED BY THE DEPARTMENT OF COMPANY AFFAIRS Subject:- Substitution of rule 8 of the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993 G.S.R. 203(E).- In exercise of the powers conferred by sub-section (2A) of section 10E, read with clause (a) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, namely: 1. (1) These rules may be called the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Amendment Rules, 1999. (2) They shall come into force on the date of their publication in the Official Gazette. 2. For rule 8 of the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, the following shall be substituted, namely: "8. Term of Office of Chairman, Vice-Chairman and Members. Except as provided in rule 6 or rule 7, the Chairman shall hold office till he attains the age of sixty-five years and the Vice-Chairman and any other Member shall hold office till he attains the age of sixty-two years."