“The Managing Director shall,”
(i) be the ex-officio Secretary of Governing Council, all the committees and other bodies of the Foundation and shall also be the Convenor of all the meetings. He shall note and maintain the minutes of the meetings;
(ii) be the principal adjutant of the Chairperson in all matters pertaining to the administration of the Foundation. The Governing Council may entrust to him any other special responsibilities and powers;
(iii) have the power to appoint, with the approval of Government, the non-teaching staff and contingent staff in pursuance of the recommendations of the selection committee, appointed for that purpose, in such manner as prescribed. He shall be the competent authority to take disciplinary action against employees in accordance with such procedure as prescribed;
(iv) comply with all direction and orders of the Governing Council and Chairperson;
(v) be the custodian of records, common seal and such other property of the Foundation as the Governing Council shall commit to charge.