(1) The Corporation shall consist of not more than 15 members, namely:—
(i) Chief Secretary to Government .. Chairman
(ii) The Secretary to Government, Industries Department .. Director
(iii) Secretary to Government, Finance Department .. Director
(iv) Chairman, Kerala State Electricity Board .. Director
(v) Director of Industries and Commerce of the State .. Director
(vi) Managing Director, Kerala State Industrial Development Corporation Ltd. .. Director
(vii) Managing Director, Kerala Financial Corporation .. Director
(viii) Chief Town Planner, Town Planning Department .. Director
(ix) Chairman, Kerala State Pollution Control Board .. Director
(x) Managing Director of the Corporation appointed under section 6 .. Director
(xi) Labour Commissioner .. Director
(2) The remaining Directors, shall be representatives of financing institutions and professional bodies nominated by the Government for such term as may be prescribed.