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Directors of the Corporation.
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12.—(1) The persons who are immediately before the appointed day the directors shall on the appointed day cease to hold office.
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(2) On and after the appointed day—
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(a) the number of directors (including the chairman) shall be not less than three nor more than five,
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(b) the directors shall be nominated by the Minister,
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(c) the qualification for being a director shall be the holding of at least one share in the Corporation.
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