Section 7. Ten/is of office and conditions of service

hold office for a period of three years from the date of his appointment:
Provided that after the expiry ofthe period of his appointment, a person shall
be eligible for reappointment as member.
(2) Every member shall receive such salary and allowances as may be pre-
scribed *<
(3) The salary and allowances to the member shall be paid from the fund of
the Board and such salaries and allowances and other conditions of service shall
be such as may be prescribed.
'r7-A * {Chairman, Chief Executive Officer and other members) to
hold office during pleasure of Administrator. - Notwithstanding anything contained
in section 3 or section 7 or any other provision of this Act the Chairman, Chief
Executive Officer and other members ofthe Board, shall hold office during the
pleasure ofthe Administrator]. ..,.. fir.