Section 7. Board of directors

7. Board of directors.— (1) The board of directors of the Corporation shall consist of the following, — namely: (a) a Chairman; (b) three directors to represent respectively the Ministries of the Central Government dealing with — - (i) food, - (ii) finance, and - (iii) co-operation; (c) the managing director of the Central Warehousing Corporation established under section 3 of the Warehousing Corporations Act, 1962 (8 of 1962), ex officio ; - (d) a managing director; - (e) six other directors. (2) All the directors of the Corporation other than the director referred to in clause (c) of sub-section (1) shall be appointed by the Central Government. (3) The managing director, shall — (a) exercise such powers and perform such duties as the board of directors may entrust or delegate to him; and (b) receive such salary and allowances as the board of directors may, with the approval of the Central Government, fix: Provided that the first managing director shall receive such salary and allowances as the Central Government may fix. (4) The term of office of, and the manner of filling casual vacancies among, the directors of the Corporation, other than the director referred to in clause (c) of sub-section (1), and the other terms and conditions of appointment of the directors of the Corporation shall, subject to the provisions of subsection (3), be such as may be prescribed. — 8. Disqualification for office of director. A person shall be disqualified for being appointed as, — and for being, a director of the Corporation (a) if he is, or at any time has been, adjudicated insolvent or has suspended payment of his debts or has compounded with his creditors; or (b) if he is of unsound mind and stands so declared by a competent court; or (c) if he is or has been convicted of any offence which in the opinion of the Central Government involves moral turpitude; or (d) if he has been removed or dismissed from the service of the Government or a corporation owned or controlled by the Government; or (e) except in the case of the Chairman or the managing director, if he is a salaried official of the Food Corporation of India or a State Food Corporation. 9.Removal and resignation of directors.— (1) The Central Government may, at anytime, after consultation with the Corporation, remove the managing director from office after giving him a reasonable opportunity of showing cause against the proposed removal. (2) The board of directors may remove any director from office who — (a) is or has become subject to any of the disqualifications mentioned in section 8; or (b) is absent without leave of the board of directors from more than three consecutive meetings thereof without cause sufficient, in the opinion of the board, to exonerate his absence. (3) A director of the Corporation may resign his office by giving notice thereof in writing to the Central Government and on such resignation being accepted, he shall be deemed to have vacated his office.