Amendment status not verified — confirm the current text below against the official source.
( 1 ) The State Government shall appoint, 1 [Executive Director] as provided in section 4 ( 1 ), and Chief Accounts and Finance Officer not below the rank of Director from the Maharashtra Finance and Accounts Service, for the Corporation. ( 2 ) The Corporation may, with the prior approval of the State Government appoint such other officers and servants subordinate to the officers mentioned in sub-section ( 1 ) as it considers necessary for the efficient performance of its duties. ( 3 ) The conditions of appointment and service of the officers and servants and their scales of pay shall,- ( a ) as regards the officers mentioned in sub-section ( 1 ), be such as may be prescribed, and (b) as regards the officers and servants mentioned in sub-section ( 2 ), be such as may be laid down, from time to time by regulations. ( 4 ) Subject to the superintendence of the Corporation and the overall control on, the activities of the Corporation by the Managing Director, the 2 [Executive Director] shall supervise and control all its officers and employees including any officers of Government appointed on deputation to the Corporation.