law: Trade Monopolies and Restrictive Trade Practices Act, 1969 
  6. Terms of
  
  Office, Conditions of Service, Etc., of Members.
  1.     Every
  
  member shall hold office for such period; not exceeding five years, as may be
  
  specified by the Central Government in the notification made under sub-section
  
  (1) of section 5, but shall be eligible for reappointment
  Provided  that no
  
  member shall hold office as such for a total period exceeding ten years, or
  
  after he has attained the age of sixty-five years, whichever is earlier.
  1.     
  2.     Notwithstanding
  
  anything contained in sub-section (1), a member may –
  a.       by writing
  
  under his hand and addressed to the Central Government resign his office at any
  
  time;
  b.      be removed
  
  from his office in accordance with the provisions of section 7.
  1.     
  2.     
  3.     A
  
  casual vacancy caused by the resignation or removal of the Chairman or any
  
  other member of the Commission under sub-section (2) or otherwise shall be
  
  filled by fresh appointment.
  3.A.    Where
  
  any such casual vacancy occurs in the office of the Chairman of the Commission,
  
  the senior most member of the Commission, holding office for the time being,
  
  shall discharge the functions of the Chairman until a person appointed to fill
  
  such vacancy assumes the office of the Chairman of the Commission.
  3.B.    When
  
  the Chairman of the Commission is unable to discharge the functions owing to
  
  absence, illness or any other cause, the senior most member of the Commission,
  
  if authorised so to do by the Chairman in writing, shall discharge the
  
  functions of the Chairman until the day on which the Chairman resumes the
  
  charge of his functions.
  1.     
  2.     
  3.     
  4.     No
  
  act or proceeding of the Commission shall be invalid by reason only of the
  
  existence of any vacancy among its members or any defect in the constitution
  
  thereof.
  5.     The
  
  chairman of the Commission and other members shall receive such remuneration
  
  and other allowances and shall be governed by such conditions of service as may
  
  be prescribed :
  Provided  that the
  
  remuneration of the Chairman or any other member shall not be varied to his
  
  disadvantage after his appointment.
  1.     
  2.     
  3.     
  4.     
  5.     
  6.     In
  
  the case of a difference of opinion among the members of the Commission, the
  
  opinion of the majority shall prevail and the opinion or orders of the
  
  Commission shall be expressed in terms of the views of the majority.
  7.     The
  
  Chairman of the Commission and every other member shall, before entering upon
  
  his office, make and subscribe to an oath of office and of secrecy in such
  
  form, in such manner and before such authority as may be prescribed.
  8.     The
  
  Chairman or any member ceasing to hold office as such shall not hold any
  
  appointment in, or be connected with the management or administration of, any
  
  industry or undertaking to which this Act applies for a period of five years
  
  from the date on which he ceases to hold such office.