Section 3: Tenure of Office of the chairman and members of the Board.

(1) The Chairman and members of the Board, other than ex officio members, shall hold Office for a term of 4 years in the first instance and may be re-appointed for a further term of 4 years and no more.
(2) Notwithstanding the provisions of subsection (1) of this section, a member of the Board shall cease to hold Office as a member if-
(a) he resigns his appointment as a member of the Board by a notice under his hand, addressed to the President;
(b) he becomes of unsound mind;
(c) becomes bankrupt or makes a compromise with his creditors;
(d) he is convicted of a felony or any of offence involving dishonesty or corruption;
(e) he becomes incapable of carrying on the functions of his Office arising from an infirmity of mind or body; or
(f) the President is satisfied that it is not in the interest of the Commission or in the interest of the public for the person to continue in Office and notifies the member in writing to that effect.
(3) If a member of the Board dies or resigns or otherwise vacates his Office before the expiration of the term for which he is appointed, a fit and proper person shall be appointed for the remainder of the term of Office of the predecessor, so however that the successor shall represent the same interest.