Section 32(2)(c) in The Punjab Ex-servicemen Corporation Act, 1978
(c)the circumstances under which [the Chairman or the Vice-Chairman] [Substituted 'The Chairman' by Punjab Act No. 11 of 2012, dated 1.8.2012.] or the Managing Director or a director referred to in clause (e) of sub-section (1) of section 7 shall be removable during the term of his office;