3. Term of office and conditions of service of members of Board.

(i) is declared to be unsound mind by a competent court; or
(ii) is adjudged insolvent; or
(iii) has been convicted by any court in India of any offence, and sentenced to imprisonment for not less than two years; or
(iv) is absent without the permission of the Board in writing from three consecutive meetings thereof or from all the meetings of the Board for six consecutive months.