State Act

PESCO Act. 1978

14. (1) 3[The Chairman, the Vice-Chairman] or the Managing Director or any director referred to in clause (e) of sub-section (1) of section 7 may, at any time, resign his office by giving a notice in writing to the Government and on such resignation being accepted he shall be deemed to have vacated his office. (2) If the office of 1[the Chairman, the Vice-Chairman] or the Managing Director or any director referred to in clause (e) of sub-section (1) of section 7 falls vacant by reason of his death, resignation or otherwise the vacancy shall be filled by the Government by appointment or nomination, as the case may be.