(3)The emoluments and other terms and conditions of service of the Finance Officer shall be such as may be prescribed. The Finance Officer shall retire on attaining the age of fifty-eight years or on the expiry of the period specified by the Syndicate under sub-section (1) whichever is earlier:Provided that the Finance Officer shall, not-withstanding his attaining the age of fifty-eight years, continue in office until his successor is appointed and enters upon his .office or until the expiry of a period of one year, whichever is earlier.
