Section 3: Tenure of office.

(1) Subject to the provisions of this Act, the Chairman and members other than ex-officio members, shall serve for a term of three years from the date of their appointments and shall be eligible for re-appointment for another term of three years and no more.
(2) Any member other than ex-officio members may resign his appointment by a notice in writing under his hand addressed to the Minister.
(3) Ex-officio members shall be members of the Board at the pleasure of the Minister of the ministry they represent.
(4) Members of the Board, not being public officers, shall be paid such emolument and allowance as the Revenue Mobilisation Allocation and Fiscal Commission determine.