Section 22C. Composition of the Corporation.

(1) The Corporation shall consist of the following twelve Directors, namely :–– (a) five official Directors nominated by the Jammu and Kashmir Government, of whom one shall be the Financial Adviser to the Corporation ; (b) one Director nominated by the Jammu and Kashmir State Power Development Department ; (c) one Director nominated by the Jammu and Kashmir Public Health engineering Department ; (d) four Directors nominated by the by Jammu and Kashmir Government, from amongst persons appearing to it either to be qualified by reason of experience of, and capability in, industry or trade or finance or to be suitable to represent the interest of persons engaged or employed therein ; and (e) the Managing Director of the Corporation, ex-officio, who shall also be the Secretary of the Corporation. (2) The Governments shall appoint one of the Directors of the Corporation to be Chairman of the Corporation and may appoint one of the other Directors as ViceChairman.