Constitution of Corporation

(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 official 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 projects, finance, co-operation and socio-economic problems of Scheduled Castes: Provided further that not less than six non-official directors shall belong to the Scheduled Castes: 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 other directors as Vice-Chairman. (3) The State Government shall appoint one of the official directors to be the managing director of the Corporation.