|Power to issue directions and to remove Boards.
2 of 2002, Sch.
|7. (1) The President may give directions of a general or specific nature to a Board with regard to the better exercise and performance of the functions of the state corporation and the Board shall give effect to those directions.
(2) Notwithstanding subsection (1), directions under this section may require that the memorandum and articles of association or any other documents establishing a state corporation, be amended to conform with any requirement of this Act where the same is inconsistent therewith.
(3) Notwithstanding the provisions of any other written law or the articles of association establishing and governing a Board, the President may, if at any time it appears to him that a Board has failed to carry out its functions in the national interest, revoke the appointment of any member of the Board and may himself nominate a new member for the remainder of the period of office of that member or he may constitute a new Board for such period as he shall, in consultation with the Committee, determine.