Export Promotion Act, 1959
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Officers and servants of the Board. |
12.—(1) Where the Company is dissolved under section 21 of this Act, every person who, immediately before such dissolution, was an officer or servant of the Company shall, on such dissolution, become an officer or servant of the Board on such terms and conditions as to tenure of office, remuneration, allowances and otherwise as the Board from time to time determines. | |
(2) The Board may appoint such and so many other persons to be officers and servants of the Board as the Board from time to time thinks proper. | ||
(3) An officer or servant appointed by the Board shall hold his office or employment on such terms and conditions as the Board from time to time determines. | ||
(4) The remuneration and allowances payable to persons who become officers or servants of the Board under subsection (1) of this section shall be paid by the Board out of funds at its disposal. | ||
(5) There shall be paid by the Board to the officers and servants appointed by the Board, out of funds at its disposal, such remuneration and allowances as the Board from time to time determines. | ||
(6) The Board may at any time remove any officer or servant of the Board from being its officer or servant. |