Amendment status not verified — confirm the current text below against the official source.
Term oj o(fice of Chamn.m, Managz11g D11ector mzd non·ojjiClal membsrs. - I (1) The Chairman, the ~.fano.~gtng_.Ptrr,ctor and the mcmbe·,_...~r~ ... ~.t-•~ ;,., __ clause (g), clau~·~ (h)-er clau~c 1 If,\.,'fse~tt&rt)4 shall hold offic "clause (i) or clause (j)" thrc:! years unless their term IS te.rmmated ear bet by the I __ , . ___ . notification in the Gazette, and shall he eligible for 1 cappomtment · · Provtded that an elected member m office tn anv of the loco.~! bndif'i; appomteri under clause (g) of scctlO'l 4, shall cease to b~ c1 member of the Authority, whc1' he ceas~ to be a member in offic<' of such !~cal body. (2) The Chairman the Managmg Dtrector .and the P1embers referred to in sub-~ectwn ( 1) shall hold office on such terms antl conditions a~ the Govemment may, by order, specify. ' .. 80 (3) The members including the Managing Director shall be entitled to such travelling and daily allowances 1$ may be prescribed (4) The Managing Director or the members referred to in sub-section t1) may resign his office by writing unrler his signature addressed to the ~ Chairman and on sul.h restgnation being accepted, by the Authority and approved by the Government he shall be cieemed t,o have vacated hi, office. _