3.
| (1) The administration, management and control of the Fund shall be vested in a Board of Governors (hereinafter referred to as the" Board ") . |
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| (2) The Board shall consist of the following members :
| | (a) five members appointed by the Minister; and | | |
| | (b) three ex officio members, namely-
| | | (i) the Secretary to the Ministry of the Minister in charge of the subject of Hindu Affairs; |
| (ii) the Director of Hindu Affairs ; |
| (iii) the Director of Tamil Affairs. |
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| (3) The Minister shall appoint one of the members to be the Chairman of the Board. |
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| (4) Every member of the Board shall, unless he earlier vacates office by death, resignation or removal, hold office for a period of four years. Any member of the Board who vacates office by effluxion of time shall be eligible for reappointment. . |
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| (5) The Minister may, if he considers it expedient so to do, remove any member of the Board without assigning any reason therefor and such removal shall not be called in question in any court. |
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| (6) Any member of the Board may at any time resign his office as a member, or Chairman, by a letter addressed in that behalf to the Minister. |
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| (7) If a member of the Board dies or resigns or is removed from office, the Minister may appoint another person to be a member in place of the member who dies or resigns or is removed from office. |
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| (8) A member who has been appointed under subsection (7)shall, unless he earlier vacates his office by death, resignation or removal, hold office for the unexpired period of the term of office of his predecessor. |
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| (9) Where the Chairman of the Board is temporarily unable to perform the duties of his office due to ill health, other infirmity, absence from Sri Lanka or any other cause, the Minister may appoint any other member to act as Chairman. |
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| (10) The quorum for a meeting of the Board shall be three members. |
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| (11) Subject to the provisions of subsection (10) the Board may regulate the procedure in regard to Hs meetings and the transaction of business at such meetings. |
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| (12) No act or proceeding of the Board shall be invalid by reason only of the existence of any vacancy in the Board or any defect in the appointment of a member of the Board. |
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| (13) All or any of the members of the Board may be paid such remuneration, allowances and other expenses as may be determined by ,the Minister with the concurrence of the Minister in charge of the subject of Finance. |
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| (14) The Minister may from time to time give the Board general or special directions as to the exercise, discharge and performance by the Board of its powers, functions and duties and the Board shall give effect to such directions. |
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Sri Lanka Consolidated Acts