5. Term of office.- (1) The term of office of the 1 [Vice-Chairman and the] non- official members shall be two years and they shall be eligible for re- appointment. (2) If the Government considers that the continuance in office of 2 [ the Vice-Chairman or] any non-official members is not in the interest of the Board, the Government may make an order terminating his term and thereupon, he shall cease to be a member of the Board notwithstanding the fact that the term to which he was nominated has not expired. (3) 3 [The Vice-Chairman or any] non-official member of the Board may resign from his office by a letter addressed to the Chairman and the resignation shall take effect from the date of acceptance of his resignation by the Chairman.
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Section 1 · Short title, extent and commencement.Section 2 · Exemptions.Section 3 · Definitions.Section 4 · Establishment and constitution of the Board.Section 6 · Disqualifications.Section 7 · Meetings of the Board.Section 8 · Powers and functions of the Board.Section 9 · Grants to the Board by the Government.India Code, Government of India. Text fetched 20 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.