Amendment status not verified — confirm the current text below against the official source.
(1) :All Directors includi~g the Vice-Chairma~ ·and :!dit~~d of the Managing Director shall ·hold office. during the pleamre llt!I'Yieeoftbe of the Government. Dirc:ctt!JW, · . . . . . · (2) The Managing Director of tbe Board sh~ll hold offl~e ·for three years unless his term is determinMI earlier by··State Government by notification in · .the official Gaz~tte, .and shall be eligible for re-appointment . . ·.