Amendment status not verified — confirm the current text below against the official source.
Principal officers 50[(1) The Central Government may, in consultation with the Corporation, appoint a director general and a financial commissioner.] (2) The director general shall be the chief executive officer of the Corporation. (3) 51[The director general and the financial commissioner] shall be whole-time officers of the Corporation and shall not undertake any work unconnected with their office without the sanction of the Central Government 44[and of the Corporation.] (4) 51[The director general or the financial commissioner] shall hold office for such period, not exceeding five years, as may be specified in the order appointing him. An outgoing 52[director general or financial commissioner] shall be eligible for re- appointment if he is otherwise qualified. (5) 51[The director general or the financial commissioner] shall receive such salary and allowances as may be prescribed by the Central Government. (6) A person shall be disqualified from being 48[appointed] as or for being 52[The Director General or the Financial Commissioner] if he is subject to any of the disqualifications specified in section 13.