Section 14: Terms of service

(1) A member of the Board shall hold office for a period of three years and shall be eligible for reappointment.
(2) There shall be paid to members of the Board (excluding the Zonal Managing Director) out of the moneys at the disposal of the Board such remuneration and such travelling and subsistence allowances in respect of any period of time spent on the business of the Board as the President may determine.