Term of office and vacancies among members of Board of Governors

1. (1) Save as otherwise provided in this section, the term of a nominated member of the Board of Governors shall be three years from the date of nomination.
2. (2) The ex-officio member shall continue to be a member so long as he holds the office by virtue of which he is the member of the Board of Governors.
3. (3) Any vacancy in the Board of Governors occurring before the next reconstruction or before the expiry of the prescribed period shall be filled in

the same manner as prescribed in section 15 and such a member shall hold

office for the remainder of the term of the member in whose place he is nominated.

1. (4) A member shall be eligible for re-nomination for the next term.
2. (5) A member may resign from his office by writing under his hand addressed to the Chairman and his resignation shall take effect from the date it is accepted by the Chairman.