202 ) The Minister shall not appoint any person to be a member - (a) who has been adjudged or otherwise declared insolvent and has not been rehabilitated or discharged; (b) who has made an assignment to or arrangement or composition with, his creditors which has not been rescinded or set aside; (c) (d) who has been convicted of a criminal offence; or who holds or has a direct interest in a licence issued under this Act. (8) A member shall hold office for a term of 3 years. (9) ions The Minister need not invite recommendations or express of interest before reappointing a member. Remuneration The Minister, after consultation with the Minister responsible dd) 7. member. for finance, shall determine the remuneration to be paid to a Amember shall be paid such allowances and travelling expens(2) consultation es incurred in the performance of duties as the Minister may, after with the Minister responsible for finance, determine. Vacation from office The Minister may remove any member from office for miscon(1) 8. duct, physical or mental incapacity. be If the Minister has reason to believe that a member should (2) the removal. removed, the Minister shall state, in writing, the reasons for Amember shall be given an adequate opportunity to respond to (3) the allegations against him by the Minister. (4) A‘member may resign from office by giving notice of not less