5. Committee of Manage-ment,
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The affairs of a Credit Council shall be administer-ed by a Committee of Management consisting of a Chair-man, and Secretary nominated by the Director and one elected representative for every fifty members or part thereof so however that the total number of elected repre-sentatives shall not exceed twenty-one:
Provided, however, that the Director may in addition to the elected representatives nominate not more than three representatives to the Committee of Management, if he is satisfied that any particular group or class of members of the Credit Council has not been represented in the Com-mittee of Management.
The members of the Committee of Management of a
Credit Council shall, subject to the provisions of subsection (3), hold office for a period of three years.
The Minister may, if he considers it expedient to do 80, remove from office any member of the Committee of
Management of a Credit Council for reasons of mismanage-ment, fraud or negligence in the carrying out of his duties.
Such removal shall not be called in question in any court.
The Minister may, if he considers it expedient to do so, by Order published in the Gazette, dissolve the
Committee of Management of a Credit Council with effect from such date as may be specified therein, for reasons of mismanagement, fraud or negligence in the carrying out of its duties or for any administrative purposes to be specified in the Order. No such Order made by the Minister shall be called in question in any court.
Where any Order is made under paragraph (a) the
Director shall determine the period within which the elec-tion of a new Committee of Management shall take place.
Any vacancy which may occur during the term of office of a Committee of Management may be filled by nomination made by the Director. The number of members nominated shall, at no time exceed one-half of the total number of members of such Committee. A member nomina-ted to such Committee shall hold office for the unexpired part of the term of office of such Committee.