Amendment status not verified — confirm the current text below against the official source.
(1) The Board may appoint such officers and employees as it considers necessary for the efficient performance of the functions of the Corporation and determine by regulations or otherwise their conditions of appointment and service and the remuneration payable to them. (2) The Board may, by general or special order, delegate to the Executive Director or to any other officer or employee of the Corporation, subject to such conditions and limitations, if any, as may be specified, such of its powers and duties under this Act, except the power to make regulations, as it may deem necessary. 1[15-A. Notwithstanding the Punjab Scheduled Castes Land Development and Finance Corporation (Amendment) Ordinance, 2011 (Punjab Ordinance No. 12 of 2011), ceased to operate, the appointment of the Vice- Chairman made under the provisions of this Act, as amended by the said Ordinance, shall be deemed to be validly continued as if the appointment of the Vice-Chairman was made under the provisions of this Act, as 1Inserted by Punjab Act No. 20 of 2013, Section 6, on and with effect from the 19th day of September, 2011. Defect in appointment not to invalidate acts, etc. Officers and other employees of the Corporation. Validation. amended by the Punjab Scheduled Castes Land Development and Finance Corporation (Amendment and Validation) Act, 2012.] CHAPTER IV FUNCTIONS AND FUNDS OF THE CORPORATION