4[(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) 5[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 6[and of the Corporation].
(4) 5[The Director General or the Financial Commissioner] shall hold office for such period, not exceeding five years, as may be specified in the order appointing him. An outgoing 5[the Director General or Financial Commissioner] shall be eligible for reappointment if he is otherwise qualified.
(5) 5[The Director General or 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 5[the Director General or 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 5[the Director General or the Financial Commissioner] from office and shall do so if such removal is recommended by a resolution of the
1. Subs. by Act 18 of 2010, s. 5, for “sub-section (3)” (w.e.f. 1-6-2010).
2. Subs. by Act 29 of 1989, s. 4, for “nominated” (w.e.f. 20-10-1989).
3. Subs. by s. 4, ibid., for “nomination” (w.e.f. 20-10-1989).
4. Subs. by s. 6, ibid., for sub-section (1) (w.e.f. 20-10-1989).
5. Subs. by s. 6, ibid., for “The Principal Officers” (w.e.f. 20-10-1989).
6. Ins. by Act 44 of 1966, s. 10 (w.e.f. 17-6-1967).
http://www.manupatrafast.in/ba/dispBotC.aspx?nActCompID=476&iActID=16#s16f2 http://www.manupatrafast.in/ba/dispBotC.aspx?nActCompID=476&iActID=16#s16f4 14 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.