law: Insurance Regulatory and Development Authority Act, 1999
  12. Officers and employees of Authority
  (1) The Authority may appoint officers and such other employees
  
  as it considers necessary for the efficient discharge of its functions under
  
  this Act.
  (2) The terms and other conditions of service of officers and other
  
  employees of Authority appointed under sub-section (1) shall be governed by
  
  regulations made under this Act.