(1) The Corporation shall consist of a Chairman and Constitusuch number of other members, not exceeding ten, as the tion of the Corpora- State Government may think fit to appoint. tion.
(2) The State Government may, if it so thinks fit, appoint one of the other members as the Vice-Chairman of the Corporation.
(3) Rules made under this Act shall provide for the representation of the State Government in the Corporation and in the event of the capital of the Corporation being raised by the issue of shares to other parties, provision shall also be made for the representation of such share-holders in the Corporation and the manner in which the representatives shall be elected by such share-holders.
2 The West Bengal Development Corporation Act, 1954.
[West Ben. Act Resignation of Chairman and members.
Removal from office of Chairman or member.
Validity of ants and proceedhags.
Transaction of business.
Administrative Officer and Chief Accounts Officer and other staff.
• (Sections 5-9.)
(4) The term of office of, and the manner of filling casual vacancies among, the members of the Corporation shall be such as may be prescribed.
5. The Chairman or any other member of the Corporation may resign his office by giving notice in writing to the State Government and on such resignation being accepted by that Government, shall be deemed to have vacated his office.
6. The State Government may remove from office the Chairman or any other member of the Corporation who—
(a) without excuse, sufficient in the opinion of the State Government, is absent from more than four consecutive meetings of the Corporation,
(b) has, in the opinion of the State Government, so abused his position as a member as to render his continuance on the Corporation detrimental to the interests of the Corporation.
7. No act or proceeding of the Corporation shall be invalid by reason only of the existence of any vacancy amongst its members or any defect in the constitution thereof.