Principal officers.
16. (1) The Central Government may, in consultation with the Corporation, appoint a director general and a financial commissioner].
(2) The director general shall be the chief executive officer of the Corporation.
(3) 2[The director general and the financial commissioner] shall be whole-time officers of the Corporation and shall not undertake any work unconnected with their office without the sanction of the Central Government 3[and of the Corporation].
(4) 2[The director general and the financial commissioner] shall hold office for such period, not exceeding five years, as may be specified in the order appointing him. An outgoing 2[The director general and the financial commissioner] shall be eligible for re-appointment if he is otherwise qualified.
(5) 2[The director general and the financial commissioner] shall receive such salary and allowances as may be prescribed by the Central Government.
(6) A person shall be disqualified from being appointed as or for being 2[The director general and the financial commissioner] if he is subject to any of the disqualifications specified in section 13.
(7) The Central Government may at any time remove 2[The director general and the financial commissioner] from office and shall do so if such removal is recommended by a resolution of the Corporation passed at a special meeting called for the purpose and supported by the votes of not less than two-thirds of the total strength of the Corporation.
Note:
1. Subs. by s. 6, ibid., for sub-section (1) (w.e.f. 20-10-1989).
2. Subs. by s. 6, ibid., for “The Principal Officers” (w.e.f. 20-10-1989).
3. Ins. by Act 44 of 1966, s. 10 (w.e.f. 17-6-1967).
