ESTABLISHMENT, MANAGEMENT AND ORGANISATION OF THE CORPORATION
Management and administration
4. (1) The general direction and administration of the Corporation and its affairs shall vest in a Board of Directors which may exercise all powers and do all acts and things which may be exercised and done by the Corporation.
(2) The Board in discharging its functions shall be guided on questions of policy by such directions as the Government [* * *] may from time to time, give, and the Government shall be the sole judge as to whether a direction given to the Corporation is or is not on a question of policy.
(3) If the Board fails to comply with any direction given under sub section (2), the Government may remove the Directors, including the Chairman, and, notwithstanding anything contained in section 5, appoint persons in their place temporarily until fresh appointments are made under that section:
Provided that the provisions of clause (a) of sub-section (3) of section 5, and sub section (4) thereof, shall not apply to persons appointed temporarily under this sub section.
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Ministry of Law, Justice and Parliamentary Affairs