Sri Lanka Consolidated Acts

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

Securities Council Act (No. 36 of 1987) - Sect 5

Removal and Resignation of appointed members

5.
(1) Any appointed member of the Council may at any time resign his office by letter to that effect addressed to the Minister and such resignation shall take effect upon it being accepted by the Minister in writing.
(2) The Minister may, by Order published in the Gazette, remove, any appointed member from office without assigning any reason therefor and such removal shall not be question in any court.
(3) In the event of the vacation of office by death, resignation or removal of any appointed member, the Minister may appoint another person, having regard to the provisions of paragraph (a) of subsection (1) of section 3, to hold office for the unexpired period of the term of office of the number whom he succeeds.
(4) if any appointed member of the Council is temporarily unable to perform the duties of his office during any period due to ill-health or absence from Sri Lanka or far any other cause, the Minister may appoint some other person to act in his place during such period having regard to the provisions of paragraph (a) of subsection (1) of section 3.


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