3.
| (1) The administration, management and control of the Fund shall be vested in a Board of Directors constituted as hereinafter provided. |
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| (2) The Board of Directors of the Fund shall consist of -
| | (a) the following members to be appointed by the Minister (hereinafter referred to as "appointed Members ") -
| | | (i) one member from among persons who appear to the Minister to have had experience and shown capacity in dealing with matters connected with power and energy conservation in their administrative, scientific,. technical, economic and planning aspects; |
| (ii) one member from the General Treasury in consultation with the Minister in charge of the subject of Finance; |
| (iii) one member from the Department of Conservation of Forests in consultation. with the Minister in charge of the subject of Conservation of Forests; and |
| (iv) one member who in the opinion of the Minister, is representative of the major energy users in the public sector in consultation with the appropriate Minister; and |
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| | (b) the following ex-officio members -
| | | (i) the Secretary to the Ministry of the Minister; |
| (ii) the Chairman of the Ceylon Petroleum Corporation or his representative; and |
| (iii) the Chairman of Ceylon Electricity Board or his representative. |
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| (3) The Minister shall appoint one of the members to be the Chairman of the Board. |
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| (4) The Minister may, if he considers it expedient to do so, remove any appointed member of the Board from office without assigning any reason therefore. |
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| (5) An appointed member of the Board may at any time resign his office by letter addressed to the Minister. |
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| (6) The quorum for a meeting of the Board shall be three members. |
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| (7) Subject to the provisions of subsection (6) the Board may regulate the procedure in regard to its meetings and the transaction of business at such meetings. |
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| (8) No act or proceeding of the Board shall be invalid by reason only of the existence of any vacancy amongst its members or any irregularity in the appointment of a member thereof. |
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| (9) If an appointed member of the Board is temporarily unable to discharge the duties of his office on account of ill-health or absence from Sri Lanka or any other cause, the Minister may appoint another person to act in his place. |
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| (10) Every appointed member of the Board shall, unless he earlier vacates office by death resignation or removal, hold office for a period of three years. Any member of the Board who vacates office by efflux ion of time shall be eligible for reappointment. |
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| (11) If any member of the Board vacates his office prior to the expiration of his term of office, his successor shall, unless such successor vacates his office earlier hold office for the unexpired period of the term of office of the person whom he succeeds. |
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Sri Lanka Consolidated Acts