(@) Thereshall be the following full time Director (s) who shall be appointed by

the Chancellor.

1. (i) aDirector for operations in the State of Nagaland ; and -447-
2. (iii) as many Director (s) as required to be fixed by regulation for looking after the operation outside the State of Nagaland.

1. (2) the Director (s) shall not hold office beyond the age 62 years.
2. (3) their other terms and condition shall the state of be as per regulation. Power and function of director (5)