Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Amendment Rules, 2007 - Substitution of rule 8 - G.S.R. 588(E). - Companies Law

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION NO. GSR 588(E), Dated 13-9-2007 New Delhi, the 13 th September, 2007 Subject:- Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Amendment Rules, 2007 - Substitution of rule 8 G.S.R. 588(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 to amend the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, namely : 1. These rules may be called the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Amendment Rules, 2007. 2 . They shall come into force on the date of their publication in the Official Gazette. 3. In the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, for rule 8, the following shall be substituted namely : 8. Term of office of Chairman, Vice-Chairman and Members: Except as provided in rule 6 or 7, the Chairman shall hold office till he attains the age of sixty seven years, the Vice-Chairman shall hold office till he attains the age of sixty five years and any other Member shall hold office till he attains the age of sixty two years. [F. No. A-12023/2/2007-AD.IV] JITESH KHOSLA, Jt. Secy. Note:- Principal rules were notified vide G.S.R. 388(E) dated April, 28, 1993 and subsequently amended vide G.S.R. 503(E) dated June 3, 1994, G.S.R. 253(E) dated May 28, 1996, G.S.R. 532(E) dated November 20, 1996, G.S.R. 49(E) dated January 31, 1997, G.S.R. 370(E) dated June 30, 1998, G.S.R. (E) dated March 12, 1999, G.S.R. 680 (E) dated September 30, 1999, G.S.R. 683(E) dated October 5, 1999