(1) In these rules, unless the context otherwise requires.-
(a) "Act" means the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006);
(b) "Advisory Committee" means the committee constituted by the Central Government under sub-section (2) of section 7;
(c) ''Board" means the National Board for Micro, Small and Medium Enterprises established under sub-section (1) of section 3;
(d) "Chairperson" means the Chairperson of the Board;
(e) "member" means a member of the Board;
I
(f) "section" means a section of the Act;
(g) "Vice-Chairperson" means the Vice-Chairperson of the Board.
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(2) Words and expressions used and not defined in these rules but defined in the Act shall have the meanings respectively assigned to them in the Act 3, Term of office of members,- Save as otherwise hereinafter provided,-
(i)
(ii)
(iii) a member, other than an ex officio member, shall hold office for a period not exceeding two years from the date of his appointment;
a member elected under clause (d) of sub-section (3) of section 3 shall cease to be a member of the Board if he ceases to be a member of the House of Parliament by which he was so elected; and a member appointed under clauses (k), (1), (m) and (n) of sub-section (3) of section 3 shall cease to be a member of the Board if he ceases to represent the category or interest from which he was so appointed:
Provided that a member shall be eligible for re-appointment.
4 Resignation.-
(i) The office of a member, other than an ex officio member, shall fall vacant from the date on which his resignation is accepted or on the expiry of thirty days from the date of receipt of intimation of resignation, whichever is earlier.
(ii) The power to accept the resignation of a member shall vest in the Chairperson who, on accepting the resignation, shall report to the Board at its next meeting.