3If the Secretary of State is satisfied that the chairman or a member of the Commission—
(a)has had his estate sequestrated, has been adjudged bankrupt, has made an arrangement with his creditors, or has granted a trust deed for his creditors or has made a composition contract with his creditors;
(b)is incapacitated by reason of physical or mental illness;
(c)has been absent from meetings of the Commission for a period of more than three consecutive months without the permission of the Commission or of the Secretary of State; or
(d)is otherwise unable or unfit to discharge the functions of a member of the Commission, or is unsuitable to continue as chairman,
the Secretary of State shall have power to remove him from his office.