OpenLegislation

Article 16

Original text. Later amendments are not shown.

If the Board is satisfied that a Member–

(a)

has been absent from meetings of the Board for three consecutive months without the permission of the Board; or

(b)

has his estate sequestrated, becomes bankrupt or makes a trust deed for his creditors or otherwise compounds with his creditors; or

(c)

is a Member qualified in terms of either Article 5(2) or 6(3) hereof and the incorporated company or the firm who has intimated his name to the Authority in terms of said articles and being an incorporated company has a receiver appointed to its undertaking or enters into liquidation or, being a firm, has its assets sequestrated or becomes bankrupt; or

(d)

is incapacitated by physical or mental illness from discharging the functions of a Member; or

(e)

is otherwise unable or unfit to discharge the functions of a Member,

the Board may declare his office as a Member of the Authority to be vacant and thereupon his office as Member shall become vacant.