Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987) - Sect 8

Chairman of the Council

8.
(1) If the Chairman of the Council is, by reason of illness or absence from Sri Lanka temporarily unable to perform the duties of his office the Minister shall nominate other member of the Council to act in his place.
(2) The Minister may, without assigning any reason therefor, terminate the appointment of the Chairman.
(3) The Chairman may at any time resign from the office -of Chairman by a letter addressed to the Minister. Such resignation shall take effect upon it being accepted by the Minister in writing.
(4) Subject to the provisions of subsections (2) and (3) the term of office of the Chairman shall be his period of membership of the Council.


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