4.
| (1) The Chairman of the Board shall, subject to the provisions of subsections (4) and (5) hold office for a period of three years from the date of his appointment, and shall be eligible for re-appointment. |
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| (2) If the Chairman of the Board is for any reason temporarily unable to perform the duties of his office, the Minister may appoint a lit and proper person to act in his place. |
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| (3) The Chairman of the Board shall be remunerated in such manner and at such rates as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance. |
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| (4) The Chairman of the Board may resign from the office of Chairman by letter addressed to the Minister. |
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| (5) The Minister may at any time remove the Chairman of the Board from the office of Chairman, without assigning any reason therefor. |
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Sri Lanka Consolidated Acts