Section 22K. Managing Director and Chief Accounts Officer.

(1) The Government shall appoint a Managing Director, and a Chief Accounts Officer of the Corporation. (2) The Corporation may appoint such other officers and servants, subordinate to the officers mentioned in sub-section (1), as it considers necessary for the efficient performance of its duties and functions. (3) The conditions of appointment and service of the officers and servants and their scales of pay shall— (a) as regard the Managing Director and the Chief Accounts Officer be such as may be prescribed, and (b) as regards the other officers, and servants, be such as may be determined by regulations.