Chairperson & members cannot hold office till 2 years - FRDI Bill, 2016
Q. Which of the following is/are true regarding Board members of the Resolution Corporation of the FRDI Bill, 2016?
1) The Chairperson and the whole-time members shall not, for a period of four years from the date on which they cease to hold office under Central Government.
2) They can however take appointment under covered service provider.- Published on 08 Nov 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Neither 1 nor 2
The Chairperson and the whole-time members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept:
(a) Any employment either under the Central Government or under any State Government; or
(b) Any appointment in any covered service provider.
