3. Term of Office of Chairman, Managing Director and other Directors.- (1) The term of office of the Chairman shall be three years from the date of his assumption of office as Chairman and he shall hold office during the pleasure of the Central Government; Provided that if an officer of the Government is appointed on deputation as Chairman , the term of office in his case shall not extend beyond the age of superannuation of sixty years: Provided further that nothing contained in the foregoing proviso shall affect the term of office of a person who has been holding the post of Chairman immediately before the commencement of the Food Corporations (Amendment) Rules, 1977. (2) The term of office of the Managing Director shall be three years from the date of his assumption of office as Managing Director. Provided that if an officer of the Government is appointed on deputation as Managing Director, th term of office in his case shallbe two years from the date of his assumption of office as Managing Director or upto his reaching the age of 60 years, whichever is earlier. (3) The term of the office of a Director appointed under clause (e) of sub-section (1) of Section 7 of the Act shall be two years from the date of his assumption of office as Director and he shall hold office during the pleasure of the Central Government: Provided that every person holding office as Chairman, Managing Director or Director immediately before he commencement of the Food Corporations (Amendmen) Rules, 1971, shall continue to hold his office by the same tenure as he held such office immediately before such commencement. (4) An out-going Chairman, Managing Director or other Director shall be eligible for re-appointment: Provided that the re-appointment may be for any period, as may be decided by the Central Government, not exceeding two years: Provided further that every person holding office as Chairman, Managing Director, or other Director immediately before he commencement of the Food Corporations (Amendment) Rules, 1982, shall continue to hold his office by the same tenure as he held such office immediately before such commencement. | 