Sri Lanka Consolidated Acts

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Sri Lanka Accounting and Auditing Standards Act (No. 15 of 1995) - Sect 20

Chairman of the Board

20.
(1) If the Chairman of the Board becomes fey reason of illness of other infirmity or absence from Sri Lanka, temporarily unable to perform the duties of his office, the Minister may appoint another member of the Board to act in his place.
(2)The Minister may, without assigning any reason therefor, remove the Chairman from the office of Chairman.
(3)The Chairman may at any time resign from the office of Chairman by letter addressed to the Minister.
(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 Board.


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