a Chairman and a Managing Director:

[two Directors] from amongst the experts in the field of housing, architecture, engineering, sociology, finance, law, management and corporate planning or in any other field, special knowledge of which is considered useful to the National Housing Bank;

two Directors elected in such manner as may be prescribed by shareholders other than [***], the Central Government and other institutions owned or controlled by the Central Government;]

[one director] [Substituted 'two directors' by Finance Act, 2018 (Act No. 13 of 2018) dated 29.3.2018.] from out of the directors of the Reserve Bank;

three directors from amongst the officials of the Central Government;

two directors from amongst the officials of the State Government.

(2)

The Chairman, the Managing Director and other directors [excluding the directors referred to in clauses (ca) and (d)] [ Substituted by Act 15 of 2000, Section 5, for " excluding the Directors referred to in clause (d)" (w.e.f. 12.6.2000).], shall be appointed by the Central Government [the director] [Substituted 'in consultation with the Reserve Bank and directors' by Finance Act, 2018 (Act No. 13 of 2018) dated 29.3.2018.] referred to in clause (d) shall be nominated by the Reserve Bank.