(1) There shall be constituted a State Aid to Industries Board consisting of the following members, namely:—
(a) The Director of Industries and Commerce, ex officio;
(b) An officer of the Finance Department of the Government Secretariat not below the rank of a Joint Secretary to be nominated by the Government;
(c) An officer of the Industries Department of the Government Secretariat not below the rank of a Deputy Secretary to be nominated by the Government;
(d) Three members to be elected by the members of the Kerala Legislative Assembly from among themselves in accordance with the system of proportional representation by means of the single transferable vote;
(e) Three members representing industrial and commercial interests to be nominated by the Government;
(f) Two members representing organised trade unions to be nominated by the Government; and
(g) One member representing economists or statisticians to be nominated by the Government.
(2) The Director of Industries and Commerce shall be the Chairman of the Board.
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(3) The nomination, election, resignation or removal of the members of the Board shall be notified by the Government in the Gazette.
(4) The Board shall assist the Government in dealing with applications for the grant of State aid under this Act.
(5) All questions at a meeting of the Board shall be decided by the votes of the majority of the members present and voting.
(6) No member shall vote on or take part in the discussion of any question coming up for consideration at a meeting of the Board if the question is one in which he has any direct or indirect pecuniary interest by himself or his partner or in which he is interested professionally on behalf of a client or as agent for any person other than the Government or a local authority.
(7) No proceedings of the Board shall be deemed to be invalid on account of any defect or irregularity in the Constitution of the Board or any vacancy thereof.