Section 3: Tenure of Office of Members.

(1) Subject to the provision of this section, a member of the Board shall hold office for a term of four years and may be eligible for re-appointment for a further term of four years and no more.
(2) Notwithstanding the provisions of subsection (1) of this section, the President may at any time remove a member from the Board. If he is satisfied that it is not in the interest of the Institute or public that a member continues in office.
(3) A member may. in writing under his hand addressed to the Minister, resign at any time.
(4) The office of a member of the Board is vacant if-
(a) the term of his appointment has expired;
(b) he absents himself without leave of the Board from three consecutive meetings of the Board and without reasonable excuse for so doing;
(c) he is guilty of misconduct in his office as a member and a resolution of the Board approves the termination of his membership; or
(d) he dies, resigns or is removed from office.
(5) Soon after the office of a member of the Board becomes vacant, the authority by whom he was appointed shall appoint another person in his place in accordance with the provisions of this Act.
(6) Members of the Board, other than ex-officio members, shall be paid, out of the money, at the disposal of the Board, such remunerations and allowances as the Minister may, with the approval of the President, determine.
(7) The provisions contained in the Schedule to this Act shall have effect with respect to the proceedings of the Board and other matters contained in the Schedule.
(Schedule)