SCHEDULES

F1F1SCHEDULE 5

Annotations:

Appointment of members

I11

1

Every member of the Board—

a

shall be appointed for such term, not exceeding three years, as the F2Secretary of State may specify; and

b

shall hold and vacate office in accordance with the terms of his appointment.

2

Any person who ceases to be a member of the Board shall be eligible for re-appointment.

3

A member of the Board may at any time resign his office by giving notice in writing to the F2Secretary of State .

4

The F2Secretary of State may remove a member of the Board if satisfied—

a

that he has failed to carry out his duties;

b

that a bankruptcy order has been made against him or that his estate has been sequestrated or that he has made a composition or arrangement with, or granted a trust deed for, his creditors; or

c

that he is otherwise unable or unfit to discharge the functions of a member of the Board.