The Companies Act, 1956
10FU. Designation of Chairperson and Members.
1[10FU. Designation of Chairperson and Members.The Chairperson or a Member of the Appellate Tribunal may, by notice in writing under his hand addressed to the Central Government, resign his office:
Provided that the Chairperson or a Member of the Appellate Tribunal shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months from the date of receipt of such notice or until a person duly appointed as his successor enters upon his office or until the expiry of his term of office, whichever is the earliest.
1. Section 10FU ins. by Act 11 of 2003, sec. 6 (w.e.f. 1-4-2003).