First Schedule
The Council
1.InterpretationIn this Schedule the "appointing authority" means, in the case of the Chairman, the President, and in the case of any other member of the Council, the Minister.2.CompositionThe Council shall consist of—(a)a Chairman who shall be appointed by the President;(b)not more than fifteen and not less than ten other members, who shall be appointed by the Minister.3.RepresentationIn making appointments of members of the Council, the Minister shall ensure that there is adequate representation on the Council of organisations and professional and academic bodies which are likely to utilise the skills and disciplines to be promoted by the Institute and shall further ensure that every person appointed by him is a person who, in his opinion, has the necessary experience or qualifications to enable him to make useful contribution to the deliberations of the Council and to assist the Council in the discharge of its functions.4.Tenure of officeEvery member of the Council shall hold office until his appointment is revoked by the appointing authority.5.Absence from three consecutive meetingsWhere any member absents himself from three consecutive meetings of the Council without reasonable excuse the Council shall advise the appointing authority of the fact and the appointing authority may, if it deems fit so to do, terminate the appointment of the member and appoint another member in his place.6.Appointment of temporary memberWhere any member is by reason of illness, infirmity or absence from the United Republic, unable to attend any meeting of the Council, the Minister may appoint a temporary member in his place and the temporary member shall cease to hold office on the resumption of office by the substantive member.7.Vice-ChairmanThe Council shall elect one of its members to be the Vice-Chairman and any member elected as Vice-Chairman shall, subject to his continuing to be a member, hold the office of Vice-Chairman for a term of one year from the date of his election, and shall be eligible to be re-elected.8.Power of Chairman and Vice-Chairman(1)The Chairman shall preside at all meetings of the Council.(2)Where at any meeting of the Council the Chairman is absent, the Vice-Chairman shall preside.(3)In the absence of both the Chairman and the Vice-Chairman at any meeting of the Council, the members present may, from amongst their number, elect a temporary Chairman who shall preside at that meeting.(4)The Chairman, Vice-Chairman or temporary Chairman, presiding at any meeting of the Council, shall have a vote and, in the event of an equality of votes, shall have a casting vote in addition to his deliberative vote.9.Meeting and procedure of Council(1)Subject to any general or specific direction by the Minister, the Council shall meet not less than four times during every financial year and at any additional times, which may be fixed by the Chairman or, if he is absent from the United Republic or unable for any reason to act, the Vice-Chairman:Provided that the Chairman or, if he is absent from the United Republic or is unable for any reason to act, the Vice-Chairman shall, at the request of at least seven members, summon meeting of the Council within thirty days of the request being made to him in writing.(2)The Secretary of the Council shall give to each member not less than fourteen days' notice of the time and place of the meeting.10.Quorum(1)At any meeting of the Council not less than one-third of the members in office for the time being shall constitute a quorum.(2)If a quorum is not present within half-an-hour of the time appointed for the meeting the members present or the majority of them, or any one member if only one is present, or the Secretary if no member is present, may adjourn the meeting to any time not later than fourteen days from the date of adjournments.11.Decisions of CouncilSubject to the provisions relating to a casting vote, all questions at a meeting of the Council shall be decided by a majority of the votes of the members present at the meeting, and if any member fails or refuses to vote on any question, his vote shall be counted in the negative.12.Decision by circulation of papersNotwithstanding the preceding provisions of this Schedule decision may be made by the Council without a meeting, by circulation of the relevant papers among the members and the expression of the views of the majority in writing:Provided that any member shall be entitled to require any such decision to be deferred and the subject matter to be considered at the next meeting of the Council.13.Seal of Institute(1)The seal of the Institute shall be of a shape, size and form determined by the Council.(2)The seal shall be affixed in the presence of—(c)any other officer of the Institute who the Director may nominate in that behalf,and the person or persons present shall sign over or underneath the seal in witness.14.Execution of contracts, etcSubject to paragraph 13, all conveyances, transfers, contracts, guarantees, agreements, bonds, mortgages, charges, bills of exchange, promissory notes, bank drafts, letters of credit, securities and any other instruments to which the institute is a party shall be executed on behalf of the Institute by—(c)any other officer of the Institute who the Director may nominate on that behalf.15.Council to regulate its proceedingsSubject to the provisions of this Schedule the Council may regulate its own proceedings.Second Schedule
Banker' Examination Board
1.InterpretationIn this Schedule "Board" means the Bankers' Examination Board.2.CompositionThe Board shall consist of—(a)The Managing Director of the National Bank of Commerce, who shall be the Chairman; and(b)the following persons, who shall be members—(i)the Director-General of the National Insurance Corporation;(ii)the Governor the Bank of Tanzania;(iii)the Managing Director of the Tanzania Investment Bank;(iv)the Managing Director of the Co-operative and Rural Development Bank;(v)the Director of the Institute;(vi)the Dean of the Faculty of Law of the University of Dar es Salaam;(vii)the Head of the Department of Economics of the University of Dar es Salaam;(viii)the Head of the Department of Management and Administration of the University of Dar es Salaam;(ix)one nominee of the Tanzania Institute of Bankers;(x)the Director of Operations of the Tanzania Investment Bank;(xi)the Development Manager of the Co-operative and Rural Development Bank;(xii)the Exchange Control Manager of the Bank of Tanzania;(xiii)the Chief International Manager of the National Bank of Commerce;(xiv)not more than two members appointed by the Council.3.Tenure of officeEvery person who is a member of the Board by virtue of his holding any office shall cease to be a member upon his ceasing to hold the office and the person who succeeds him in that office shall be a member of the Board in his place.4.Temporary memberWhere any member of the Board who is a member by reason of holding any office is unable to discharge his duties as a member by reason of illness or absence from the United Republic, the person for the time being acting in the office held by him, shall be a temporary member of the Board.Third Schedule
Insurers' Examination Board
1.InterpretationIn this Schedule "Board" means the Insurers' Examination Board.2.CompositionThe Board shall consist of—(a)the Director-General of the National Insurance Corporation, who shall be the Chairman; and(b)the following persons, who shall be members—(i)the Managing Director of the National Bank of Commerce;(ii)the Director of the Institute;(iii)the Dean of the Faculty of Law of the University of Dar es Salaam;(iv)the Head of the Department of Economics of the University of Dar es Salaam;(v)the Head of the Department of Management and Administration of the University of Dar es Salaam;(vi)one nominee of the Tanzania Insurance Institute;(vii)not less than two departmental Managers of the National Insurance Corporation nominated by the Director-General of the National Insurance Corporation;(viii)an officer of the Bank of Tanzania nominated by the Governor;(ix)not more than two members appointed by the Council.3.Tenure of officeEvery person who is a member of the Board by virtue of his holding any office shall cease to be member upon his ceasing to hold the office and the person who succeeds him in that office shall be a member of the Board in his place.4.Temporary memberWhere any member of the Board who is a member by virtue of his holding any office is unable to discharge his duties as a member by reason of illness or absence from the United Republic, the person for the time being acting in the office held by him shall be a temporary member of the Board.Fourth Schedule
1.InterpretationIn this Schedule "Board" means either the Bankers' Examination Board or the Insurers' Examination Board.2.Vice-ChairmanThe Board shall elect one of its members to be the Vice-Chairman and any member elected as the Vice-Chairman shall, subject to his continuing to be a member, hold office of Vice-Chairman for a term of one year from the date of his election and shall be eligible to be re-elected.3.Powers of Chairman and Vice-Chairman(1)The Chairman shall preside at all meetings of the Board.(2)Where at any meeting of the Board the Chairman is absent, the Vice-Chairman shall preside.(3)In the absence of both the Chairman and the Vice-Chairman at any meeting of the Board, the members present may, from amongst their number, elect a temporary Chairman who shall preside at that meeting.(4)The Chairman, the Vice-Chairman or temporary Chairman presiding at any meeting of the Board, shall have a vote and, in the event of equality of votes, shall have a casting vote in addition to his deliberative vote.4.Meeting and procedure of Board(1)Subject to any general or specific direction by the Council, the Board shall meet not less than four times during every financial year and at any additional times which may be fixed by the Chairman or, if he is absent from the United Republic or unable for any reason to act, the Vice-Chairman:Provided that the Chairman or, if he is absent from the United Republic or unable for any reason to act, the Vice-Chairman shall, at the request of at least five members, summon a meeting of the Board within thirty days of the request being made to him in writing.(2)The Secretary of the Board shall give to each member not less than fourteen days' notice of the time and place of the meeting.5.Quorum(1)At any meeting of the Board not less than one-third of the members in office for the time being shall constitute a quorum.(2)If a quorum is not present within half-an-hour of the time appointed for the meeting, the members present or the majority of them, or any one member if only one is present, or the Secretary if no member is present, may adjourn the meeting to any time not later than fourteen days from the date of adjournment.6.Decisions of BoardSubject to the provisions relating to a casting vote, all questions at a meeting of the Board shall be decided by a majority of the votes of the members present at the meeting, and if any member fails or refuses to vote on any question, his vote shall be counted in the negative.7.Decision by circulation of papersNotwithstanding the foregoing provisions of this schedule, decisions may be made by the Board without a meeting, by circulation of the relevant papers among the members and the expression of the views of the majority in writing:Provided that any member shall be entitled to require that any decision be deferred and the subject matter be considered at the next meeting of the Board.8.Board may regulate its proceedingsSubject to the provisions of this Schedule the Board may regulate its own proceedings.