Question
What is the term duration for the Chairperson and a
Member in office of the International Financial Services Centres Authority as per the IFSCA Act?Solution
Section 6. Terms of office and conditions of service of Chairperson and other Members.—(1) The Chairperson and a Member shall hold office for a term of three years from the date on which he enters upon his office and shall be eligible for re-appointment: Provided that no person shall hold office as a Chairperson after he has attained the age of sixty-five years or as a whole-time member after he has attained the age of sixty-two years.
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