Amendment status not verified — confirm the current text below against the official source.
(1) The Government may, by notified order, appoint a body of persons (hereinafter referred to as the Board of Control) to take over the management of the undertaking. (2) The Board of Control shall consist of a Chairman and such number of other members not exceeding ten as the Government may think fit, to be appointed by the Government. (3) The Government may, either in the notified order issued under sub-section (1) or in a subsequent order specify that one or more of the members of the Board of Control shall be full-time member or full time members thereof. (4) The term of office of, the procedure to be followed in the discharge of their functions by, and the manner of filling vacancies, among, the members of the Board of Control shall be such as may be prescribed. (5) The salaries, allowances and other remuneration and the conditions of service of the members of the Board of Control shall be such as determined by the Government. (6) Any notified order issued under sub-section (I) shall remain in force for such period not exceeding two years as may be specified in the order: Provided that if the Government are of opinion that in order to the secure proper management of the undertaking it is expedient that any such notified order should continue in force after the expiry of the period specified in that order, they may, from time to time, by notification in the Gazette, extend such period by not more than six months at a time, but no such notified order shall in any case remain in force for more than [Twelve years] Substituted by Act 15/86 and 20/1988.