Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

National Savings Bank Act (No. 30 of 1971) - Sect 11

Chairman of the Board

11.
(1) The Minister shall appoint a Chairman from among the directors.
(2) The Board shall be presided over by the Chair- man if present; but if a Chairman has not been appointed or if the Chairman is not present at the time fixed for holding a meeting of the Board, the directors present shall choose one of their number to preside.
(3) The Minister may, without assigning a reason, terminate the appointment of the Chairman. The termination of the appointment of the Chairman shall not be called in question in any court.
(4) The Chairman may resign the office of the Chairman by letter addressed to the Minister.
(5) Subject to the provisions of sub-sections (3) and (4), the Chairman shall hold office as long as he is a director.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]