| FIRST SCHEDULE |
| Section 4(2) |
| Constitution and Proceedings of Board |
| Appointment of Chairman and Deputy Chairman |
| 1. The Minister shall appoint the Chairman and the Deputy Chairman who shall hold office for such period, not being more than 3 years, as the Minister may determine. |
| Tenure of office of other members |
| 2. The Minister shall appoint the other members who shall hold office for such period, not being more than 3 years, as the Minister may determine. |
| Temporary Chairman or Deputy Chairman |
| 3. The Minister may appoint any member to be a temporary Chairman or Deputy Chairman during the absence, or incapacity owing to illness or otherwise, of the Chairman or the Deputy Chairman, as the case may be. |
| Temporary members |
| 4. The Minister may appoint any person to be a member during the absence, or incapacity owing to illness or otherwise, of any member. |
| Revocation of appointment |
| Resignation |
| 6. A member may, at any time, resign from his appointment by giving notice in writing to the Minister. |
| Salaries, fees and allowances payable to Board members |
| 7. The Chairman, the Deputy Chairman and other members may be paid, out of the funds of the Board, such salaries, fees or allowances as the Minister may, from time to time, determine. |
| Vacation of office |
8. The office of the Chairman, the Deputy Chairman or a member shall be vacated if he —
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| Filling of vacancies |
| 9. If a member resigns, dies or has his appointment revoked or otherwise vacates his office before the expiry of the term for which he has been appointed, the Minister may appoint a person to fill the vacancy for the residue of the term for which the vacating member was appointed. |
| Meetings and proceedings of Board |
10.—(1) The Board shall meet for the despatch of business at such times and places as the Chairman may from time to time appoint.
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| Disclosure of interest by members |
11. The Chairman, the Deputy Chairman or a member who is directly or indirectly interested in a transaction or project of the Board shall disclose the nature of his interest at a meeting of the Board; and the disclosure shall be recorded in the minutes of the Board and, after the disclosure, that member —
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| Validity of proceedings |
| 12. The validity of any proceedings of the Board shall not be affected on the ground that the Chairman, the Deputy Chairman or a member has contravened paragraph 11 or that there is a defect in the appointment of any member. |
| Common seal and execution of documents |
13.—(1) The Board shall have a common seal and the seal may, from time to time, be broken, changed, altered or made anew as the Board thinks fit.
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| Appointment of committees and delegation of powers |
14.—(1) The Board may, in its discretion, appoint from among its own members or other persons who are not members of the Board, such number of committees consisting of members or other persons, or members and other persons, for purposes which, in the opinion of the Board, would be better regulated and managed by means of such committees.
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