(1) The Corporation shall consist of not more than fifteen directors who shall be nominated by the State Government:
Provided that not less than three directors shall be officials and the remaining directors shall be non-officials who shall be nominated from amongst persons who, in the opinion of the State Government, have special knowledge or practical experience in matters relating to agriculture, agro-industries, water development . Clause (p) was added by Guj. 21 of 1986, s. 4(1)(b).
XXI of 1860.
Guj. X of 1962.
Power of State Government to add to Schedule.
Establishment and incorporation of Corporation.
Headquarters of Corporation.
Constitution of Corporation.
2 The Gujarat Backward Classes Development Corporation Act, 1985. [1985:Guj.11 projects, finance, co-operation and socio-economic problems of socially and educationally backward class citizens:
Provided further that not less than six-directors shall be socially and educationally backward class citizens.
[Provided also that the State Government shall nominate at least one woman as non-official member.]
[(2) The State Government shall appoint one of the directors as Chairman and one of the directors as Vice-Chairman.]
(3) The State Government shall appoint one of the official directors to be the managing director of the Corporation.
7. [(1) The director shall hold office during the pleasure of the State Government.]
(3) Subject to the provisions of this Act, the terms and conditions of the appointment of the directors other than the managing director and the fees and allowances payable to them shall be such as may be prescribed.
8. On the occurrence of any vacancy in the office of a director due to death, resignation or any other reason, the same shall be filled up by the State Government in the manner provided in section 6 [***].
9. A person shall be disqualified for being nominated as, and for being, a director, if he-
(a) is, or at any time has been, adjudicated insolvent or has suspended payment of his debts or has compounded with his creditors; or
(b) is of unsound mind and stands so declared by a competent court; or
(c) is, or has been, convicted of any offence which, in the opinion of the State Government, involves moral turpitude or convicted under Protection of Civil Rights Act, 1955; or
(d) is, or has been, removed or dismissed from the service of any State Government or the Central Government or a Corporation owned or controlled by any State Government or the Central Government.
10. A director who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Corporation shall, as soon as possible, after the relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and the disclosure shall be recorded in the minutes of the Corporation and the director shall not take any part in any deliberation or decision of the Corporation with respect to that matter.