The Insurance Regulatory and Development Authority Act, 1999Central Act · Act 41 of 1999
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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