(1) [The Board of Directors of the Nigam shall consist of the Chairma n to be nominated by the State Government and the following other Directors]:- A-Ex-officio Directors
(i) [x x x].
(ii) the Secretary to Government, Madhya Pradesh, Agriculture Department, who shall be Vice-Cha™ipan;
(iii) the Secretary to Government, Madhya Pradesh, Finance Department or his nominee not below the rank of Deputy Secretary;
(iv) Director of Agriculture, Madhya Pradesh;
(v) Director Research, Jawaharlal Nehry Krishi Vishwavidyalaya, Jabalpur;
(vi) the Registrar of Co-operative Societies, Madhya Pradesh:
[(vii) the Managing Director appointed under Section 11 J B-Nominated Directors
(viii) one Director to be nominated by the State Government to represent banks and financing institutions;
(ix) one Director having special knowledge or practical experience in respect of agriculture and allied subjects to be nominated by the State Government;
(x) two Directors having practical experience in respect of organisation, management of Farms and production and marketing of seeds to be nominated by the State Government.
(2) [The Chairman or a nominated Director] shall hold office during the pleasure of the authority nominating him but the term of his office shall not exceed three years from the date of notification of his nomination. [The Chairman or a nominated Director] may, however, resign his office at any time, by writing a letter under his hand to [the State Government and the Chairman of the Board] and the resignation shall be effective from the date of its receipt.
(3) In the event of the death, resignation or disqualification of [the Chairman or a nominated Director], the vacancy shall be filled up by nomination as soon as possible.