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8. Constitution of Authority.---(a) For the purpose of this Ordinance the Federal Government shall by notification in the official Gazette, constitute a Monopoly Control Authority consisting of not less than three members appointed by it one of whom shall be appointed to be the Chairman.

(2) No person shall be appointed as, or continue to be, a member of the Authority if he has or acquires any such financial or other interest as is likely to affect prejudicially his functions as such member.

(3) No member of the Authority shall assume his office until he has made such declaration affirming secrecy and fidelity as may be prescribed.

(4) A member of the Authority shall hold office for a period of five years unless he earlier resigns or otherwise ceases to hold office or being a person in the service of Pakistan retires from such service.

(5) A casual vacancy in the office of a member caused by death, resignation or otherwise shall be filed for the remainder of the term of such member by the appointment of another person.

(6) No act or proceeding of the Authority shall be invalid by. reason only of the of a member or the existence of any vacancy among its members or any defect in its constitution.

(7) The Authority may from time to time delegate all or any of its powers and functions to any two of its members.

9. Appointment of officers by the Authority.---The Authority may appoint such officers and servants on such terms and conditions as it may determine.

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