LawgistThe Insurance Regulatory and Development Authority Act
8Bar on future employment of members
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 company in the insurance sector.
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INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY
- 3 Establishment and incorporation of Authority
- 4 Composition of Authority
- 5 Tenure of office of Chairperson and other members
- 6 Removal from office
- 7 Salary and allowances of Chairperson and members
- 8 Bar on future employment of members
- 9 Administrative powers of Chairperson
- 10 Meetings of Authority
- 11 Vacancies, etc., not to invalidate proceedings of Authority
- 12 Officers and employees of Authority
