7.
(1) The First Board may appoint any person as a Director and he shall be an additional member (hereinafter referred to as " additional member ") of that Board: Provided, however, that the total number of Directors shall not at any time exceed the maximum number prescribed by this Act. |
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(2) Every additional member shall unless he vacates office earlier by death, resignation or removal hold office for a period of three years. |
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(3) In the event of the vacation of office by any additional member, the First Board may appoint another person to hold such office during the unexpired part of the term of office of the member whom he succeeds. |
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(4) If any additional member is temporarily unable to discharge the duties of his office by reason of ill health or any other cause, the First Board may appoint another person to act in his place as such member. |
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(5) Any additional member may at any time resign his office by letter in that behalf addressed to the Chairman of that Board. |
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(6) Any additional member may be removed from office by a majority of two-thirds of the votes of the members of the First Board without assigning any reason therefor, and such removal shall not be called in question in any court. |
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