Short title, extent and commencement.— (1) This Act may be called the Punjab Seed Corporation Act, 1976.
(2) It shall extend to the whole of the Province of the Punjab.
(3) It shall come into force at once.
Establishment of the Corporation.— (1) As soon as may be, after the commencement of this Act, there shall be established a Corporation to be called the Punjab Seed Corporation.
(2) The Corporation shall be a body corporate having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire and hold property, both movable and immovable and it shall sue and be sued by the said name.
Establishment, powers and constitution of the Board.— (1) The administration and management of the Corporation and its affairs shall vest in a Board to be constituted by the Government through a notification issued in the official Gazette. The Board may exercise powers and do all acts and things that may be exercised or done by the Corporation in accordance with the provisions of this Act.
Managing Director.— (1) The Government shall appoint a Managing Director who shall be the Chief Executive of the Corporation.
(2) The Managing Director shall—
(a) be a whole time officer of the Corporation;
(b) perform such duties as may be prescribed or as the Board may assign to him; and (c) receive such salary and allowances as the Government may determine.
Resignation by or removal of nominated member.— Notwithstanding anything contained in this Act a nominated member may at any time before the expiry of his term of office, resign his office, or be removed from office by Government without assigning any reason.
Removal of Managing Director.— (1) The Managing Director may at any time before the expiry of his term and upon three month’s notice, resign his office or upon similar notice be
removed by Government 2[after affording him an opportunity of being heard]:
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