Schedule 1 (Section 4(3)) Appointment and Removal of Members 1.(1) All the members of the Authority (including the Chairman who shall be appointed as such) shall be appointed by the Minister from among persons appearing to him to be qualified for the office. (2) Subject to sub-paragraphs (3) and (4), every member of the Authority shall hold office for such period as the Minister may determine, and may, on ceasing to be a member, be eligible for re-appointment. (3) The Minister may at any time direct by notice in writing that any member of the Authority shall cease to hold office, and any member of the Authority may at any time by notice in writing to the Minister resign his office. (4) If any member of the Authority dies or ceases to hold office before the expiration of the term for which he was appointed, the term of office of his successor shall be so fixed as to expire at the end of the first-mentioned term, but the Minister may, if he thinks fit to do so, defer the making of an appointment until the expiration of the said first-mentioned term. Remuneration of Members 2. The Authority shall pay to each of its members, in respect of his office as such, remuneration and/or allowances as prescribed by law and in the absence of any law as determined by the members and approved by the Minister, and in determining the remuneration and allowances to be paid under this sub-paragraph, different provisions may be made as regards the Chairman and the other members. Incorporation and Capacity of Authority 3.(1) The Authority shall be a body corporate with perpetual succession and a common seal. (2) The Authority may act notwithstanding a vacancy among its members. Quorum of Authority 4. The quorum of the Authority shall be 3, or such number not being less than 3 as the Authority may from time to time determine. Duty of Members to Disclose Interest in Contracts 5.(1) A member of the Authority who is in any way directly or indirectly interested in a contract made or proposed to be made by the Authority shall, as soon as possible after the relevant circumstances have come to his knowledge, disclose the nature of his interest a meeting of the Authority. (2) Any disclosure made under sub-paragraph (1) shall be recorded in the minutes of the Authority, and the member ­ (a) shall not take part after the disclosure in any deliberation or decision of the Authority with respect to that contract; and (b) shall be disregarded for the purpose of constituting a quorum of the Authority for any such deliberation or decision. 25 25