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50. Constitution of body of persons for preparation of list, etc.- The Central Government shall -
(a) constitute a body of persons in the manner prescribed for the preparation of a list of persons eligible for appointment to the posts of Chief Executive and other managerial posts in national cooperative societies, the maximum pay-scale of which exceeds such amount as may be prescribed;
(b) make rules for regulating the recruitment, remuneration, allowances and other conditions of service of officers and other employees of national cooperative societies.
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