Section 4. Proviso ins. by s. 8, ibid . (w.e.f. 28-9-1988)

4. Proviso ins. by s. 8, ibid . (w.e.f. 28-9-1988). 5. Subs. by s. 8, ibid ., for sub-section (1A) (w.e.f. 28-9-1988). 1[(4) 2[The Sponsor Bank] may, at any time, remove the Chairman from office: 3 [Provided that no such removal shall be made, — (a) if the Chairman is an officer of the Sponsor Bank, except after consultation with the National Bank; and (b) in any other case, except with the prior approval of the Central Government: Provided further that] no person shall be removed from his office, under this sub-section, unless he has been given an opportunity of showing cause against his removal.] (5) The Chairman shall receive such salary and allowances and be governed by such terms and conditions of service as may be determined by the[4] [the Sponsor Bank in consultation with the National Bank]. (6) If the Chairman is, by infirmity or otherwise, rendered incapable of carrying out his duties or is absent, on leave or otherwise, in circumstances not involving the vacation of office, the Central Government may appoint another individual to act as the Chairman during the absence of the first-mentioned Chairman. or is absent, on leave or otherwise, in circumstances not involving the vacation of office, the