Paragraph 2

If a member, appointed as an independent member, after his appointment acquires a financial or industrial interest which the Ministers consider is likely to affect him in the discharge of his functions as a member of the Council, the Ministers may by written notice given to him terminate his appointment from such date as may be specified in the notice.

If a member appointed as an independent member so conducts himself, in respect of any financial or industrial interest which he has at the time of his appointment, that the Ministers consider that that interest is likely to affect him in the discharge of his functions as a member of the Council, the Ministers shall request him in writing to satisfy them within such period as is specified in the request that he has ceased to have that interest and if he fails within that period so to satisfy the Ministers, the Ministers may by written notice given to him terminate his appointment from such date as may be specified in the notice.