Director, " shall be omitted.

Term of office and conditions of service of Chairman, Managing Director and Associate Director

1. (1) The term of office of, and the terms and conditions of service of, the Chairman, the (“Managing Director”),(** ** **) and the (Associate directors) shall be such as may be prescribed.

s ervice of Chairm an, Managing Director(***) and As s ociate Director

1. (2) Any (director) appointed by the Government may at any time resign his office, but such resignation shall not take effect till accepted by the Government.
2. (3) An (Associate director) may at any time resign his office, but such resignation shall not take effect till accepted by the Board