(1) The term of office of the Director other than an ex-officio Director appointed under sub-section (3) of section 9 shall be three years 3[from the date of notification in the Gazette.]
(2) Notwithstanding anything contained in sub-section (1), the Government may, at any time, for reasons to be recorded in writing, remove from his office any director of the Board and such removal shall be made after giving him a reasonable opportunity of showing cause against the proposed removal:
Provided that it shall not be necessary to record in writing, the reasons for removal or to give an opportunity of showing cause against the proposed removal, if the Government are of the opinion that it is not expedient in the public interest, to record the reasons in writing or to give such opportunity.
(3) Any Director may resign his office by giving notice in writing to the Government but he shall continue in office till the resignation is accepted by the Government.
1 Substituted by Act 30 of 2024 ( w.e.f.19-11-2024).
2 Omitted by Act 30 of 2024 ( w.e.f.19-11-2024).
3 Added by Act 30 of 2024 ( w.e.f.19-11-2024).
1[(4) A casual vacancy occurred due to death, resignation, removal or otherwise of a nominated Director shall be filled as soon as possible by the Government and the person so nominated shall be entitled to hold office only for the remaining term of office of the person, in whose place he is nominated.]