Section-5 Term of office and conditions of service of Chairman and members of the Board

Section-5 Term of office and conditions of service of Chairman and members of the Board.-

(1) The term of officer and other condition of service of the Chairman and the members referred to in clause (d) of sub-section (1) of section 4 shall be such as may be prescribed.

(2) Notwithstanding anything contained in sub-section (1), the Central Government shall have the right to terminate the services of the Chairman or a member appointed under clause (d) of sub-section (1) of section 4, at any time before the expire of the period prescribed under sub-section (1), by giving him notice of not less than three months in writing or three months' salary and allowances in lieu thereof, and the Chairman or a member, as the case may be, shall also have the right to relinquish his office, at any time before the expire of the period prescribed under sub-section (1), by giving to the Central Government notice of not less than three months in writing.