Terms of office and vacancies among members of the Board

(1) The term of a nominated member of the Board shall be three years from the date of his nomination. (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. (3) Any vacancy in the Board occurring before the next reconstruction or before the expiry of the prescribed period shall be filled in the same manner as provided in sub-section (1) of section 16 and such a member shall hold office for the remainder of the terms of the member in whose place he is nominated. (4) The member shall be eligible for re-nomination for the next term. (5) Any member may resign from his office by writing under his hand addressed to the Chairperson of the Board and his resignation shall take effect from the date it is accepted by the Chairperson of the Board.