5If the Minister is satisfied that a member of the corporation—
(a)has become bankrupt or made an arrangement with his creditors;
(b)is incapacitated by physical or mental illness ; or
(c)has been absent from meetings of the corporation for a period longer than three consecutive months without the permission of the corporation ; or
(d)is otherwise unable or unfit to discharge the functions of a member, or is unsuitable to continue as a member,
the Minister may remove him from his office as a member of the corporation.