Currency and Monetary Order, 2004 (Formerly Known as Currency Act) · s 9

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s 9

(1)

A member shall be disqualified from holding office if he-

(a)

becomes bankrupt or insolvent, applies for any benefits under the law for the relief of bankrupt or insolvent debtors, compounds with his creditors or makes any assignment in whole or in part of his income from the

Board for the benefit of such creditors;

(b)

becomes totally or permanently incapable of performing his duties;

(c)

is convicted of an offence involving dishonesty, fraud or moral turpitude; or

(d)

is guilty of misbehaviour that would bring his office into disrepute.

(2)

The chairman shall terminate the appointment of a member who, without leave, absents himself from 3 consecutive meetings of the Board.

Interest of member in contract to be made known.