Rule 5 Panel
- Chapter
- I · The Databank
- Text as on
- 14 August 2026
5. Panel.- (1) There shall be a panel of not more than ten members nominated by the Central Government, for the purpose of approving the outline of the courses and study material prepared by the instituteDefined in rule 2(b): institute means the 'Indian Institute of Corporate Affairs' notified under sub section (1) of section 150 of the Companies Act, 2013. (2)Word s and expressions used and not defined in these rules but defined in the Act shall have the same meanings as respectively assigned to them in the Act..
(2) Panel referred to in sub-rule (1) shall consist of:-
(a) Secretary, Ministry of Corporate Affairs or his nominee;
(b) Director General and Chief Executive Officer of the instituteDefined in rule 2(b): institute means the 'Indian Institute of Corporate Affairs' notified under sub section (1) of section 150 of the Companies Act, 2013. (2)Word s and expressions used and not defined in these rules but defined in the Act shall have the same meanings as respectively assigned to them in the Act. or his nominee;
(c) one member nominated by the Department of Economic Affairs;
(d) one member nominated by the Department of Public Enterprises;
(e) one member nominated by the Securities and Exchange Board of India;
(f) at-least one representative from the stock exchange nominated by the
Central Government;
(g) at-least one representative from the industry nominated by the Central Government; and
(h) at-least one representative from the academia nominated by the Central Government.