Sri Lanka Consolidated Acts

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Finance Act (No. 11 of 1963) - Sect 62

Constitution of the Compensation Tribunal

82.
(1) There shall be established, for the purposes of this Part of this Act, a Compensation Tribunal consisting of ten members appointed by the Governor-General of whom at least five shall be persons with judicial or legal experience.
(2) A person shall be disqualified for appointment, or for continuing, as a member of the Compensation Tribunal if he is a Senator, a Member of Parliament, or a member of the Board of Directors of the Bank or an officer or an employee of the Bank.
(3) A member of the Compensation Tribunal with judicial or legal experience shall be appointed to be the Chairman, and another member with similar experience shall be appointed to be the Vice-chairman, of the Tribunal by the Governor-General on the recommendation of the Minister.
(4) Every member of the Compensation Tribunal shall, unless he earlier vacates office or is removed therefrom by the Governor-General, hold office for a period of three years. Any member of the Tribunal who vacates office by effluxion of time shall be eligible for reappointment.
(5) There shall be appointed a Secretary to the Compensation Tribunal (hereafter in this Part of this Act referred to as the " Secretary ") and such other officers and servants as may be necessary for the performance of the work of the Tribunal.
(6) The members, officers and servants of the Compensation Tribunal shall be remunerated at such rates as may be determined by the Board of Directors of the Bank.


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