4. Members of Corporation
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The Corporation shall consist of a Chairman and such number of other members as the Minister may from time to time appoint.
Corporation
“Corporation” means the Commercial and Industrial Security Corporation established under this Act;
A member shall hold and vacate office in accordance with the terms of his appointment.
A member may at any time by notice in writing to the Minister resign his office.
If the Minister is satisfied that a member —
has become a bankrupt or has made an arrangement with his creditors;
is incapacitated by physical or mental illness;
is convicted of an offence involving dishonesty or fraud or moral turpitude;
is absent, without leave of the Corporation, for 3 consecutive meetings of the Corporation; or
is in the opinion of the Minister otherwise unable or unfit to discharge his duties,the Minister may declare his office as a member to be vacant and shall notify the fact in such manner as he thinks fit, and thereupon the office shall become vacant.
A member who ceases to be a member shall be eligible for reappointment.
The Corporation shall pay to its members such salaries, fees or allowances as the Minister may determine.