Amendment status not verified — confirm the current text below against the official source.
(1) The Corporation shall have a Managing Director, a General Managing Chief Manager and .a Chief Accounts Officer, who shall be appointed by the Chieftor, State Government. Accounts Officer and (2) The Corporation may appoint such other officers and employees other staff. as it considers necessary for the efficient performance of its functions. Validity of acts and proceedings. Transaction of business. 275 The West Bengal Minorities Development and Finance Corporation Act, 1995. [West Ben. Act (Sections 9-12.) (3) The conditions of appointment, and the scales of pay, of the officers and other employees of the Corporation shall,— (a) as respects the Managing Director, the General Manager and the Chief Accounts Officer, be such as may be prescribed; and (b) as respects the other officers and employees, be such as may, subject to the approval of the State Government, be determined by regulations made under this Act. (4) The Managing Director shall be the executive head of the Corporation and all other officers and employees of the Corporation shall be subordinate to him. Officers and other employees of the Corporation not to have any interest in contract etc. Conferment of powers on Managing Director. Authentica- tion. Functions of the Corporation.