55.
| (1) The Minister of Finance shall appoint one of the members of the Panel to be the Chairman of the Panel. |
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| (2) The Chairman of the Panel may resign office by letter addressed to the Minister of Finance. |
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| (3) The Minister of Finance may, without assigning any reason, remove from office the Chairman of the Panel. |
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| (4) The Chairman of the Panel shall, unless he vacates office earlier, hold office for such period as may be specified in his letter of appointment. |
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| (5) A person who vacates office as Chairman of the Panel by reason of effluxion of time shall be eligible for reappointment. |
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Sri Lanka Consolidated Acts