GOVERNMENT OF PUNJAB — The PESCO Act. 1978

GOVERNMENT OF PUNJAB (DEFENCE SERVICES WELFARE DEPARTMENT) THE PUNJAB EX -SERVICEMEN CORPORATION ACT(General) Rule , 1982 (Amended upto April , 2011) Framed under THE PUNJAB EX -SERVICEMEN CORPORATION ACT 1978 Punjab Act 33 to 1978 Government of Punjab DEPARTMENT OF DEFENCE SERVICES WELFARE The Punjab Ex-servicemen Corporation ( General) Rules , 1982 Amended up to April , 2011 No G . S . R . 146 /PA . 33/78/S . 32 . 82 – The exercise of the powers carried by sub-section (1) of section 32 of the Punjab Ex-Service Corporation Act , 1978 (Punjab Act No . 33 of 1978) , the Government of Punjab is pleased to make the following rules , namely:- 1 . Short title and commencement : - these rules may be called the Punjab Ex-servicemen Corporation (General) Rules , 1982 . They shall come into force at once . 2 . Definitions – In these rules , unless there is anything repugnant in the subject or context - (a) ' Act ' means the Punjab Ex-servicemen Corporation Act , 1978 (Punjab Act No . 33 of 1978) ; and (b) ' Defaulter ' means a person , who falls to fulfill his financial obligation in Repayment either in means of money or in terms of the time schedule of repayment of the amount due to the Corporation and includes surety for the payment of such amount who falls to honour his obligation as a surety . 3 . Salary and Allowance of Chairman , Managing Director and nominated Directors . The Chairman shall be entitled to such scale of pay , as may be authorized by the Government from time to time . In addition to the scale of pay , he shall also be entitled to draw such other allowance , as are admissible to the other employee to the corporation " . and The Managing Director :- (i) If he is retired officer of State Government , or of the Central Government , he shall be entitled to such