3.
| (1) The Authority shall consist of the following members :-
| | (a) six members (hereinafter referred to as " appointed members " ) who shall be appointed by the Minister ; and | | |
| | (b) one other member (hereinafter referred to as "ex officio member ") who shall be a representative of the Ministry of the Minister in charge of the subject of Finance nominated by that Minister. | | |
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| (2) The Minister shall appoint one of the appointed members to be the Chairman of the Authority. |
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| (3) The Authority shall exercise, perform or discharge the powers, duties or functions of the Authority subject to such general or special directions as the Minister may issue from time to time and it shall be the duty of the Authority to comply with such directions. |
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| (4) The provisions of Part III of this Act shall apply to the members of the Authority. |
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Sri Lanka Consolidated Acts