INSTITUTE OF MORTGAGE BROKERS AND LENDERS (ESTABLISHMENT) ACT, 2022
Section 4: Establishment of Governing Council and management.
(1) There is established a Governing Council for the Institute charged with the administration and management of the Institute, whose membership shall consist of
(a) the President, elected by members of the Council amongst themselves;
(b) the Vice-President, elected by members of the Council amongst themselves;
(c) two persons to be appointed by the Minister;
(d) six persons to be appointed by the Institute; and
(e) an immediate past President of the Institute who is entitled to serve for a further maximum term of three years from the expiration of his tenure as President.
(2) The President and the Vice shall hold office for a term of two years from the date of their elections.
(3) The President shall preside at meetings of the Council, and in his absence, the Vice-President shall preside.
(4) The provisions set out in the Schedule to this Act shall have effect, with respect to operation, qualification, tenure of office of members of the Council and other matters mentioned in it. [Schedule]
Cite this section
Section 4, INSTITUTE OF MORTGAGE BROKERS AND LENDERS (ESTABLISHMENT) ACT, 2022 (2022).
https://repo.podus.ai/laws/institute-of-mortgage-brokers-and-lenders-establishment-act-2022/section/4/