Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.45, Law (F) Department, dated 01.06.2016. Establishment of 4Telangana Water Resources Development Corporation. Constitution of Corporation. 4 [Act No.12 of 1997] (e) One non-official member representing reputed and recognised financial institutions to be nominated by the State Government; (f) One officer to be appointed by the state Government as the member secretary of the Corporation, who shall be designated as the Managing Director of the Corporation; (g) Three other members to be nominated by Government from officials or non-officials. (2) The term of office of nominated members shall be for a period of one year unless terminated earlier by the State Government. (3) The non-official members of the Corporation nominated under clauses (e) & (g) of sub-section (1) shall receive such remuneration and allowances as may be laid down by regulations. (4) The official members of the Corporation shall receive such compensatory allowances, for the purpose of meeting the personal expenditure in attending the meetings of the Corporation, as may be laid down by the regulations.