Amendment status not verified — confirm the current text below against the official source.
4[(1) The Chairman or the Members shall, unless otherwise disqualified for continuing as such under the rules, hold office for a term of three years from the date he assumes office or until he attains the age of sixty five years, whichever is earlier and shall be eligible for re-appointment for a second term only.] (2) The Chairman or a Member may by writing under his hand addressed to the Government resign from the office, but he shall continue in office till his resignation is accepted by the Government or his successor is appointed. 4[(3) The successors so appointed under sub-section (2) shall hold office for the remainder of the term of his predecessor or until he attains the age of sixty five years, whichever is earlier.] (4) The Government may remove a person from the office of Member, if that person,- (a) becomes an undischarged insolvent; (b) is convicted and sentenced to imprisonment for an offence which in the opinion of the Government involves moral turpitude; (c) becomes of unsound mind and stands so declared by a competent court; (d) refuses to act or becomes incapable of acting; (e) without obtaining leave of absence from the Commission, absents himself from three consecutive meetings of the Commission;