Term of office and conditions of service of the Chairperson and Members

(1) The Chairperson and other members may continue in office till the completion of a period of four years from the date on which they assume office, or till they attain sixty five years of age, whichever occurs earlier. (2) The Chairperson or member of the Board may, at any time, resign his office by giving a notice in writing to the Government under his hand. (3) A vacancy occurred under sub-section (2) or otherwise shall be filled by fresh appointment. (4) The term of office of a member appointed to fill a temporary vacancy shall be only for the period during which that member in whose vacancy he was appointed, would have held office. (5) The Government may, by order, remove the Chairperson or any member from office, if that person,— (i) becomes an undischarged insolvent; or (ii) has been convicted and sentenced to imprisonment for an offence which, in the opinion of the Government, involves moral turpitude, corruption or criminal offences; or (iii) becomes unsound mind and stands so declared by a competent court; or (iv) refuses to discharge of duties as a member; or (v) does not attend three consecutive meetings of the Board without permission of the Board; or (vi) has, in the opinion of the Government, so abused his official position as to render his continuance in that post detrimental to the interest of the Board or public interest: Provided that no person shall be removed under this sub-section unless he has been given a reasonable opportunity of being heard. (6) A person once appointed as Chairperson or member is not eligible for re-appointment. (7) The Chairperson and members shall be full time officers and shall be eligible to such salary and allowances as may be prescribed.