(1) Wtth effect from such date as the Government may, by nottficatton m the Gazette, appomt m this behalf, there shall be established for the purposes of thts Act, a Board by the name of the Kerala Khadt and Village Industries Board. The Board shall be a body corporate having perpetual succession and a common seal. wtth power to acqutre, hold and dispo!>e of property, both movable and immovable, and to contract and do all things necessary for the purposes of this Act, and may by the said name sue and be sued.
(2} The Board shall consist of such number of members, bemg not less than five and not more than seven, as the Govern ment may appomt. One of such membE'rs shall be appointed by the Government as the chatrman of the Board.
(3) The chairman and the other members shall be paid from the funds of the Board such allowances as the Government may fix.
5. Resignation of office by member -Any member of the Board may at any ttme restgn his office by gtvmg notice in wrtt ing to the Government and on such restgnation bemg nottfied in the Gazette by the Government, shall be deemed to have vacated his office.