5.
| (1) The Board shall consist of the following nine members appointed by the Minister :-
Provided, however, that in the case of the first Board, the members specified in paragraph (e) of this subsection shall be appointed by the Minister from among members of Trade Unions having more than 100,000 members each and shall hold office unless removed earlier, until effluxion of the period for which they are appointed. | | (a) four members nominated by the Minister ; | | |
| | (b) one member nominated by the Minister in charge of the subject of Finance ; | | |
| | (c) one member nominated by the Minister in charge of the subject of Trade; | | |
| | (d) one member nominated by the Employers Federation of Ceylon; and | | |
| | (e) two worker members elected by the members of Trade Unions having more than 100,000 members each: | | |
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| (2) The Chairman of the Board shall be appointed by the Minister. |
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| (3) The Minister may, if he thinks it expedient to do so, remove any member of the Board from office without assigning any reason therefor. |
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| (4) A member of the Board who has been removed from office, shall not be eligible for reappointment as a member of the Board or to serve the Board in any other capacity. |
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| (5) A member of the Board may at any time resign his office by written communication addressed to the Minister. |
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| (6) If the Chairman or any 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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| (7) Every member of the Board shall, unless he earlier vacates office by death, resignation or removal, hold office for a period of two years. Any member of the Board who vacates office by effluxion of time, shall be eligible for reappointment. |
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| (8) 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 portion of the term of office of the person whom he succeeds. |
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| (9) 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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| (10) The Board may by rules provide for the conduct of its business. |
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Sri Lanka Consolidated Acts