Nominees of Government on committee of an apex or a central society

(1)Where the Government,- (a)have subscribed to the share capital of an apex or a central society; or (b)have assisted indirectly in the formation or augmentation of the share capital of an apex or a central society; or (c)have guaranteed the repayment of principal and payment of interest on debentures issued by an apex or a central society; or (d)have guaranteed the repayment of principal and payment of interest on loans and advances to an apex or a central society, (1) The Government or any other authority shall have the right to nominate not more than two persons to the committee of an Assisted Apex or Central Society. (2) A person nominated to the committee of an apex or a central society under sub-section (1) shall hold office during the pleasure of the Government or the specified authority, as the case may be. (2A) The person nominated under sub-section (1) shall not be eligible to hold the office of the president/chairman or vice president/vice-chairman of the Apex or Central Society nor will be eligible for being sent as the delegate of the Apex or Central Society. (3) A person nominated to the committee of an apex or a central society under sub-section (1) shall not take part in the discussion of any no-confidence motion or vote on any such motion.