3.
| (1) The Board shall consist of-
| | (a) four members appointed by the Minister from persons who appear to the Minister to have had experience and shown capacity in engineering, commerce, administration or accountancy, | | |
| | (b) one member appointed by the Minister, in consultation with the Minister of Local Government, to represent local authorities, | | |
| | (c) one member appointed by the Minister, in con- salutation with the Minister in charge on industries, to represent the field of industry. and | | |
| | (d) one member being an officer of the Genera. Treasury nominated by the Minister of Finance. | | |
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| (2) A person shall be disqualified for being appointed or continuing as a member of the Board i: he is a Senator or a Member of Parliament. |
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| (3) Before appointing a person to be a member of the Board, the Minister shall satisfy himself that such person has no such financial or other interest as is likely to affect prejudicially the discharge by such person of his functions as a member of the Board, and the Minister shall satisfy himself, from time to time with respect to every member of the Board appointed by the Minister, that such member has no such interest Any person who is appointed by the Minister, or whom the Minister proposes to appoint, as a member of the Board shall, whenever requested by the Minister such to do, furnish to the Minister such information as the Minister considers necessary for the performance of his duties under this sub-section. |
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| (4) A member of the Board who is in any way directly or indirectly interested in any contract mad or proposed to be made by the Board shall disclose the nature of his interest at a meeting of the Board and such disclosure shall be recorded in the minutes of the Board and the member shall not take part in any deliberation or decision of the Board with respect to that contract. |
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| (5) Subject to the provisions of sub-sections (6) and (7) every member of the Board, other than the member nominated by the Minister of Finance, shall-
| | (a) hold office for a period of five years, and | | |
| | (b) be eligible for reappointment; | | |
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| (6) The term of office of three of the six members of the Board first appointed by the Minister shall terminate at the expiry of a period of three years from the date of appointment; and, for the purpose of securing compliance with the preceding provisions of this sub-section, the Board shall at its first meeting under this Act determine by lot the three members appointed by the Minister whose term of office shall so terminate. |
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| (7) Where in the interests of the efficient performance of the functions or the discharge of the duties of the Board, it is considered necessary to do so,-
| | (a) any member of the Board, appointed under paragraph (a) of sub-section (1), may be removed by the Minister, (6) any member appointed under paragraph | | |
| | (b) of sub-section (1) may be removed by the Minister in consultation with the Minister of Local Government, | | |
| | (c) any member appointed under paragraph (c) of sub-section (1) may be removed by the Minister in consultation with the Minister in charge of industries, and | | |
| | (d) any member nominated by the Minister of Finance may be removed by the Minister of Finance. | | |
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| (8) The removal of any member of the Board from office under sub-section (7) shall not be called in question in any court. |
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| (9) A member of the Board who is not a public officer may resign from the Board by letter addressed to the Minister. |
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| (10) Where a member of the Board becomes, by reason of illness or other infirmity or absence from Ceylon, temporarily unable to perform the duties of his office, then, if he is a member appointed by the Minister, the Minister may appoint any fit person to act in his place, and, if he is the member nominated by the Minister of Finance, that Minister may nominate another officer of the General Treasury to act in his place. |
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| (11) All or any of the members of the Board may be paid such remuneration from the funds of the Board and shall be subject to such conditions of service, as may be determined by the Minister with the concurrence of the Minister of Finance. |
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| (12)
| | (a) The Chairman of the Board shall preside at every meeting of the Board at which he is present. In the absence of the Chairman from any meeting of the Board, the Vice-Chairman shall preside at such meeting, and in the absence of both the Chairman and the Vice-Chairman, a member chosen by the majority of the members present shall preside at such meeting. | | |
| | (b) The Chairman or Vice-Chairman or other member of the Board, as the case may be, who presides at any meeting of the Board shall have, in addition to his own vote, a casting vote. | | |
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| (13) The quorum for any meeting of the Board shall be three members of the Board, and, subject as afore- said, the Board may regulate its own procedure. |
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Sri Lanka Consolidated Acts