(1) “The Andhra Pradesh Medical Education and Research Corporation (APMERC)” (hereinafter referred to as the “Corporation”) shall be a public limited company incorporated under the Companies Act, 2013 by the name aforesaid, having perpetual succession and a common seal.
(2) The Corporation shall operate in accordance with the provisions of the Companies Act, 2013 (Central Act No.18 of 2013)
(3) APMERC will focus on revitalization of tertiary health care services across the State to achieve affordable health care to all by ensuring efficient 6 service delivery which would bring the necessary impetus for the State in achieving the Sustainable Development Goals.
(4) The Government shall issue necessary Orders from time to time for establishment, operating and strengthening of medical colleges and its attached institutions, multispeciality hospitals, nursing colleges, super speciality hospitals, cancer hospitals, etc., under the Corporation.
(5) The APMERC shall be managed by the Board comprising of State Government officials and industry experts. The Board shall comprise of the following:
(i) Special Chief Secretary/Principal Secretary / Secretary, 'Health Medical & Family Welfare Department, Government of Andhra Pradesh ...Chairperson
(ii) An official be appointed by the …... .Vice-Chairperson Government & Managing Director
(iii) Secretary to Government, ...Director Finance Department, Government of Andhra Pradesh
(iv) Commissioner, Health & Family ...Director Welfare, Government of Andhra Pradesh
(v) Chief Excutive Officer, Dr. YSR ... Director Aarogyasri Healthcare Trust, Government of Andhra Pradesh
(vi) Vice- Chancellor & … Director Managing Director, Andhra Pradesh Medical Services & Infrastructure Development Corporation (APMSIDC
(vii) Commissioner, Andhra Pradesh … Director Vaidya Vidhana Parishad 7
(viii) Directorate of Medical Education …Director and (Admin), Government of Member Convener Andhra Pradesh.
(6) Appointment of VC & MD: The Government may, by notification appoint VC & MD, APMERC on deputation basis for a period of two (2) years extendable to a period of five (5) years from the cadre below the rank of Special Chief Secretary/Principal Secretary/Secretary of the Health, Medical & Family Welfare Department.
(7) The Government shall appoint new Directors including Independent Directors in due course, as required.