Institute of Real Estate Professionals, Sri Lanka Act 2026 · As enacted
12. Term of office of the members of the Council
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Every member of the Council shall unless he vacates office earlier or removed from office by the Council, hold office for a period of one year until the election of new members for the Council at the annual general meeting of the Institute and be eligible to be re-appointed for not more than two consecutive terms.
Where a member of the Council vacates office by death, resignation or any other cause, another member of the Institute shall be elected in place of such member having regard to the provisions of subsection (2) of section 11.
A member of the Council may be removed from office by the Council if such member becomes disqualified under section 8 to be a member of the Institute upon a report submitted to the Council by the Disciplinary Committee appointed under section 18.
Every member of the Council shall vacate office –
upon resignation from his office by a letter addressed to the Council and upon such resignation being accepted by the Council;
on being absent from three consecutive meetings of the Council without the permission of the
Council;
on ceasing to be a member of the Institute; or
upon such member being disenrolled and registration being cancelled or being suspended from membership on any ground specified in section 8.
Every member of the Council appointed in place of a member who has vacated office shall, unless he earlier resigns, dies or otherwise vacates office, hold office for the unexpired period of the term of office of the member whom he succeeds.