Amendment status not verified — confirm the current text below against the official source.
Constitution of Corporation - (1) The Corporation shall consist of the following members, namely:- (a) Chief Minister Chairman (b) Minister - incharge of Planning Member (c) Minister - Panchayatraj & Rural Development, Water Supply and Employment Generation. Member (d) Minister - Municipal Administration and Urban Development Member (e) Principal Secretary or Secretary to Government Panchayat Raj & Rural Development Department Ex-Officio Member; (f) Principal Secretary or Secretary to Government- Municipal Administration and Urban Development Department Ex-Officio Member; (g) Principal Secretary or Secretary to Government - Finance Department Ex-Officio Member (h) One Non-Official Member Representing reputed and recognised Financial Institutions, to be nominated by the Government (i) One Officer to be appointed by the Government as the Member Secretary of the Corporation, who shall be the Managing Director of the Corporation (j) Three other members to be nominated by Government from Officials or non-Officials (2) The term of Office of nominated Members shall be for a period of one 5 year unless terminated earlier by the Government. (3) The non-official members of the Corporation under clauses (h) and (j) of sub-section (1) shall receive such remuneration and allowances as may be laid down by regulations. (4) The Official Members of the Corporation shall receive such compensatory allowances, for the purposes of meeting the personal expenditure in attending the meetings of the Corporation, as may be laid down by regulations.