Extract from the Punjab Government Gazette Extra: ). dated the 28th June, 1994 ] — The PESCO Act. 1978

Extract from the Punjab Government Gazette Extra: ). dated the 28th June, 1994 ] DEPARTMENT OF DEFENCE SERVICE WELFARE DEPARTMENT Notification The 4th March, 1980 No_ 1- PESCO-80/ In exercise of the powers conferred by section 31 of the Punjab Ex-Servicemen Corporation Act, 1978 Punjab Act No: 33 of 1978), and with the previous sanction of the State Government; the Punjab Ex-servicemen Corporation hereby makes the following regulations, namely 1 These regulations may be called the Punjab Ex-Servicemen Corporation (Conduct of Meetings) Regulations, 1979. m) These shall come into force with immediate effect: 2_ In these regulations words Board, Chairman, Corporation, Managing Director and Director shall mean as defined in the Punjab Ex-Service Corporation Act, 1978 Punjab Act No. 33 of 1978) 3_ The Board of Directors of the Corporation may meet as of ten as decided by the Chairman; Provided that a subsequent meeting of the Board shall not be more than three months distant from the preceding meeting: 4 fifteen-day notice shall be given to the directors for a meeting of the Board of Directors and at least a three-working day notice shall be given to the directors in case of an emergent meeting Provided that an adjourned meeting may be held at such a notice as determined by the Chairman: Provided further that an item of immediate importance may be decided by the Chairman and his decision shall be placed before the Board in a subsequent meeting for approval. 5_ A special meeting of the Board shall be convened on a written requisition by not less than five directors of the Board for which date and time not later than 30 days from the date of receipt of the requisition in the office of the Corporation will be fixed by the Chairman: 6_ A meeting of the Board shall be convened by