Damodar Valley Corporation Act : Constitution of the Corporation. Indian Bare Acts :

Damodar Valley Corporation Act,1948

Act No : 14

Section : Constitution of the Corporation.

4. Constitution of the Corporation. (1) The Corporation shall consist of a Chairman and two other members appointed by the Central Government after consultation with the State Governments. (2) A person shall be disqualified for being appointed, or for continuing as, a member of the Corporation-- (a) if he is a member of 2*[Parliament] or any State Legislature ; or (b) if he has, directly or indirectly, any interest in a subsisting contract made with, or in any work being done for, the Corporation except as a shareholder (other than a director) in an incorporated company provided that where he is a shareholder, he shall disclose to the Government the nature and extent of shares held by him in such Company. (3) No act or proceeding of the Corporation shall be invalid by reason only of the existence of any vacancy amongst its members or any defect in the appointment of a member thereof.