Section 6, The National Commission for Privatisation Act, 2002

(1) The Chairman shall hold office for a term of three years and shall be eligible for reappointment. (2) A member elected under paragraph (c) of subsection (1) of section 5 shall hold office for two years and shall be eligible for re-election. (3) On the death or vacation of office of the Chairman or any member referred to in paragraph (b) of subsection (1) of section 5, the President or, as the case may be, the body represented by the member, may appoint or elect another person for the unexpired term of the Chairman or that member, as the case may be. (4) A person shall cease to be a member of the Commission on any of the following grounds:— (a) for his inability to perform the functions of his office by reason of infirmity of mind or body; (b) for proven misconduct; (c) if he becomes bankrupt or insolvent; (d) if he is convicted of an offence involving fraud or dishonesty; (e) if he fails to attend three consecutive meetings of the Commission without reasonable cause; (f) if he resigns his office by written notice to the President. No. 12 National Commission for Privatisation Act 2002 5 [Margin: Remuneration and expenses of members of Commission.]