Amendment status not verified — confirm the current text below against the official source.
1[(1) The Board shall consist of an Executive Director appointed under section 13 and the following other directors:- 1Substituted by Punjab Act No. 20 of 1981, Section 2, on and with effect from the 27th day of April, 1981. Management. Board of Directors. (a) The Secretary to Government of Punjab in the Department of Welfare or an officer of that Department not below the rank of Deputy Secretary nominated by him, ex officio; (b) The Secretary to Government of Punjab in the Department of Finance or an officer of that Department not below the rank of Deputy Secretary nominated by him, ex officio; (c) The Secretary to Government of Punjab in the Department of Agriculture or an officer of that Department not below the rank of Deputy Secretary nominated by him, ex officio; (d) The Secretary to Government of Punjab in the Department of Industries or an officer of that Department not below the rank of Deputy Secretary nominated by him, ex officio; 1[(dd) The Director, Welfare of Schedule Castes and Backward Classes, Punjab, ex officio;] (e) Four directors to be nominated by the State Government from amongst persons belonging to Backward Classes who have special knowledge of agriculture, agro-industries, water development projects, finance or co-operation.] 1Inserted by Punjab Act No. 5 of 2001, Section 2 1[(2) The State Government shall appointthe Chairman and the Vice-Chairman from amongst the Directors.] (3) On the occurrence of any vacancy in the office of a director due to death, resignation or otherwise the same shall be filled up by the State Government in the manner provided in sub-section (1). (4) Subject to the provisions of this Act, the terms and conditions of appointment of the directors and the fees and allowances payable to them, shall be such as may be prescribed. 2[8. The term of office of the directors other than the ex officio directors and the Executive Director shall be one year and they shall be eligible for re-nomination.]