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 institute.
(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 institute 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; 6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(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