Section 5: Vacation of office.

(1) The seat of a member shall become vacant if-
(a) he resigns;
(b) he becomes disqualified from membership under section 4 of this Act;
(c) he no longer holds the office by virtue of which he became a member;
(d) he has been absent from 3 consecutive meetings or 3 quarters of the meetings of the Board during a financial year without any leave from:
(i) the Minister, in the case of the Chairman; or
(ii) the Chairman, in the case of any other Board member.
(2) A member of the Board may resign his appointment by a notice in writing, addressed to the President, and that member shall, on the date of receipt of the notice by the President, cease to be a member of the Board, or if the President is satisfied that it is not in the interest of the Board or in the interest of the public for the person appointed to continue in office, the president may on the recommendation of the Minister, notify the person in writing to that effect.