4.
(1) The affairs of the Corporation shall subject to the rules for the time being of the Corporation, be administered by a council of Directors (hereinafter referred to as the "Council") consisting of such number of members as may be provided for in rules made in that behalf and elected appointed or nominated as the case may be in accordance with such rules. |
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(2) The First Council of the Corporation shall be the Council of Directors of the Union holding office on the day preceding the date of commencement of this Act. |
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