Term of office and allowances payable to the members of the Board of Governors

Term of office and allowances payable to the members of the Board of Governors.—

1. (1) Save as otherwise provided in this Act, the term of office of the members of the Board of Governors shall be as follows, namely:—
   • (i) an ex-officio Member shall continue so long as he holds the office by virtue of which he is a member;
   • (ii) an expert member shall hold office for a period of three years from the date of his nomination. However, his term may be extended for a further period of two years;
   • (iii) the student member shall hold office for one year; and
   • (iv) the members nominated as per clause
   • (xvii) of sub-section
2. (1) of section 18 shall hold office for two years.
3. (2) The term of office of a member nominated to fill a casual vacancy shall be for the remainder of the term of the member in whose place he has been nominated.
4. (3) Notwithstanding anything contained in this section, in case the members nominated by the Board of Governors as per sub-section
5. (1) of section 18, vacate the office, he shall continue as a member until another person is nominated as a member in his place or up to three months, whichever is earlier.
6. (4) The allowances that are entitled to the members of the Board of Governors shall be such as may be provided in the Statutes.