3.
| (1) The administration, management and control of the Fund shall be vested in a Board of Management constituted as hereinafter provided. |
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| (2) The Board of Management of the Fund (hereinafter referred to as '" the Board") shall consist of"
| | (i) Secretary to the Ministry of the Minister in charge of the subject of Social Services and Social Welfare who shall be the Chairman of the Board (hereinafter referred to as "the Chairman ") ; | | |
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| (3) Every member of the Board appointed by the Minister shall hold office for a period of two years unless removed earlier by the Minister. |
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| (4) The Chairman shall preside at meetings of the Board. In the absence of the Chairman from any meeting, any member elected from among the members present, shall preside at such meeting. |
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| (5) The quorum for a meeting of the Board shall be five members. |
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| (6) Subject to the provisions of subsection (5), the Board may regulate the procedure in regard to the meetings of the Board, and the transaction of business at such meetings. |
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| (7) No act or proceeding of the Board shall be deemed to be invalid by reason only of the existence of a vacancy among its members or any defect in the appointment of a member. |
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Sri Lanka Consolidated Acts