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FORUM OF INDIAN REGULATORS

FORUM OF INDIAN REGULATORS. Recommendations of FOIR COMMITTEE TO SUGGEST RESTRUCTURING OF GOVERNING BODY OF FOIR AND BROAD-BASING OF FOIR. Restructuring of Governing Body. There would be 15 Members in the Governing Body comprising: Chairman (1) Vice Chairmen (6) Members (8). Chairman.

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FORUM OF INDIAN REGULATORS

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  1. FORUM OF INDIAN REGULATORS Recommendations of FOIR COMMITTEE TO SUGGEST RESTRUCTURING OF GOVERNING BODY OF FOIR AND BROAD-BASING OF FOIR

  2. Restructuring of Governing Body • There would be 15 Members in the Governing Body comprising: • Chairman (1) • Vice Chairmen (6) • Members (8)

  3. Chairman • Senior most Vice Chairman having tenure of at least six months may be elected as the Chairman. • Seniority shall be decided based on the date of appointment as Chairperson of the respective Regulatory Institution.

  4. Vice Chairmen • Only Chairpersons of Regulatory Commissions or Authorities shall be eligible for the posts of Vice Chairmen • Three Vice Chairmen shall be from Central Infrastructure Sector • 2 Vice Chairmen from State Electricity Regulatory Commission • 1 Vice Chairman from Financial Sector • In the event of a Vice Chairman being elevated as Chairperson, the vacancy of Vice Chairman shall be filled up by representative of the sector to which the outgoing Vice Chairman belonged

  5. Members • 4 from SERCs • 1 from Central Infrastructure Sector • 1 from Financial Infrastructure • Honorary Secretary (from CERC) • Honorary Treasurer (from CERC)

  6. Supplementary Recommendations • Out of Six (6) representatives from SERCs in the Governing Body, three (3) shall be Chairmen of SERCs & three (3) shall be Members of SERCs which will be decided on the basis of their seniority. • Out of three Chairmen of SERCs, two senior most Chairpersons could be Vice Chairmen. Seniority of the Chairpersons / Members of SERCs would be decided on the basis of their tenure in the Regulatory Commission as Chairman / Member. • Any vacancy against a sector other than electricity sector would be allocated to SERCs. • In the event of unforeseen circumstances, the election shall be by secret ballot.

  7. Thank you

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