Financial Services Board Act, 1990 (Act No. 97 of 1990)6. Vacating of office by members of board |
| (1) | A member or alternate member of the board shall vacate his office— |
| (a) | if he becomes subject to a disqualification contemplated in section 5; or |
| (b) | if, in the case of a member, he has been absent for more than two consecutive meetings of the board without leave of the chairman or if, in the case of an alternate member, he has been so absent during the absence, or vacancy in the office, of the member for whom he has been appointed as alternate member. |
| (2) | The Minister may at any time terminate the membership of any member or alternate member of the board if in the opinion of the Minister sufficient reasons exist therefor. |
[Section 6(2) substituted by section 5 of Act No. 12 of 2000]