5.
| (1) An appointed Director may resign from office by a letter in that behalf addressed to "the Minister and such resignation shall take effect upon it being accepted by the Minister in writing. |
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| (2) The Minister may remove any appointed Director from office without assigning any reason therefor. |
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| (3) Where an appointed Director is temporarily unable to perform the duties of his office due to ill health, absence from Sri Lanka or other cause, the Minister may, having regard to the provisions of section 3, appoint another person to act in his place. |
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| (4) Subject to the provisions of subsections (1) and (2), the term of office of an appointed Director shall be three years. |
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| (5) An appointed Director who vacates office by effluxion of time, shall be eligible for reappointment. |
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| (6) Where an appointed Director vacates office by death, resignation or removal, the Minister may. having regard to the provisions of section 3, appoint another Director in his place and the Director so appointed shall hold office for the unexpired period of the term of office of the Director whom he succeeds. |
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| (7) The Minister shall appoint the Chairman of the Board from among the Directors of the Board. |
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| (8) The Chairman of the Board may resign from the office of Chairman by letter in that behalf addressed to the Minister and such resignation shall take effect upon it being accepted by the Minister in writing. |
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| (9) 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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| (10) Where the Chairman of the Board is temporarily unable to perform the duties of his office due to ill health, absence from Sri Lanka or other cause, the Minister may appoint any other Director to act in his place. |
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| (11) Subject to the provisions of subsections (8) and (9), the term of office of the Chairman of the Board shall be his period of membership of the Board. |
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Sri Lanka Consolidated Acts