Prescribed Qualifications:
| Chairperson | 1) Obtained At least a Master Degree; 2) 7 years of experience in Stock exchange management, capital market development, management, finance, banking, economics, law |
| Expert | Same as chairperson |
| Representative- ICAN & Representative FNCCI | 1) Bachelors Degree; (2) 7 years of experience in accounts, management, finance, banking, economics, law |
| Qualification for all (Section 10) | Citizen / High Moral Character / 7 Years Experience as Above / not disqualified under Section 11 |
Disqualifications :
- Office Bearer of Political party
- Involved in Securities business
- Insolvent
- Insane/unsound mind
- Offence involving moral turpitude
Acronym - POSI2
Circumstances of Removal of Chairperson:
- Disqualified under Section 11
- Commits any act contrary to the interest of Investors or damage to the development of capital market
- Lack of competence to implement required functions by the board
- Held disqualified to carry on a business or certificate cancelled due to misconduct in such business
- Absent in 3 consecutive meetings without giving reasons
Acronym - DILMA
Published By
Aadesh Kandel
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