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FIRST SCHEDULEThe Boards, the Regional Railway Boards and the Holding Company

PART IIIThe Holding Company

14(1)A director of the Holding Company shall hold and vacate his office in accordance with the terms of his appointment and shall, on ceasing to be a director, be eligible for re-appoinitment.

(2)A director of the Holding Company may at any time by notice in writing to the Minister resign his office.