Terms of office of members of the Board of Management (SCHEDULE)

(1) When a person has become a member of the Board of Management by reason of the Office or appointment he holds, his membership shall be co-terminus with that office or appointment. (2) A member of the Board of Management shall cease to be a member if he resigns, or becomes of unsound mind, or insolvent, or if a member other than the Registtat or a member of a Faculty accepts a full time appointment in the University or fails to attend three consecutive meetings of the Board without the leave of the Chairperson. (3) Unless the membership of the Board of Management is previously terminated as provided in sub-clause (2), a member of the Board of Management other than an ex-officio member shall relinquish membership on the expiry of three years from the date on which he has become a member but shall be eligible for re-nomination or re-appointment, as the case may be; provided that the term of the first Board of Management shall be five years. (4) A member of the Board of Management other than the ex-office members may resign from his office by a letter addressed to the Chairperson and such resignation shall take effect as soon as the resignation is accepted by the Chairperson.