Sri Lanka Consolidated Acts

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National Insurance Trust Fund Act (No. 28 of 2006) - Sect 7

Terms of office of nominated members

7.
(1) Every nominated member shall hold office for a period of five years from the date of appointment, unless he earlier vacates office by death resignation or removal.
(2) An nominated member may resign from his office by written communication addressed to the Minister in that regard.
(3) The Minister may by written communication addressed to any nominated member, remove such member from office for reasons assigned.
(4) A nominated member to whom a communication is addressed under subsection (3), shall cease to hold office with effect from such date as may be specified in such communication.
(5) A nominated member who has been removed from office shall not be eligible for re-appointment as a member of the Board or to serve the Board in any other capacity.
(6) Upon any nominated member ceasing to hold office, the Minister may appoint any other person to fill such vacancy and such person shall hold office for the un-expired period of the term of office of the member whom he succeeds.
(7) Where any member is temporarily unable to perform the duties of his office on account of ill health, absence from Sri Lanka or any other cause, the Minister may appoint any person to act in place of such member.


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