Amendment status not verified — confirm the current text below against the official source.
(1) The Head of the Department of Investment Promotion shall be the Chief Executive Officer of the Bureau. Such an officer shall not be below the rank of an IAS Officer in the Super time scale. (2) The Bureau may create such other posts and appoint such other officers and employees, as it may deem necessary for efficient discharge of its functions. (3) As far as possible, the officers and employees of the Bureau, shall be drawn on deputation/ secondment or recruited on contractual basis on such terms and conditions, as may be approved by the Board of Governors. (4) The Chief Executive Officer shall exercise the power of supervision and control over all the officers and employees of the Bureau. He shall sign all the contracts for engaging the employees on contract basis. He shall also be the competent authority to sign all documents, approvals and sanctions granted or issued by the Bureau.