16.
| (1) The Minister shall appoint a Chairman of the Board of Directors from among the Directors. |
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| (2) If the Chairman is, by reason of illness or other infirmity or absence from Ceylon, temporarily unable to perform the duties of his office, the Minister may appoint one of the Directors to act in his place. |
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| (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. |
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| (4) The Chairman may resign the office of Chairman by letter addressed to the Minister. |
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| (5) Subject to the provisions of sub-section (3) and sub-section (4), the term of office of the Chairman shall be the period of his membership of the Board of Directors. |
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Sri Lanka Consolidated Acts