1. The Press Council shall be a company limited by guarantee.
2. The principal objects of the Press Council shall be to -
(a) ensure the protection of freedom of expression of the press,
(b) protect the public interest by ensuring ethical, accurate and truthful reporting by the press,
(c) maintain certain minimum ethical and professional standards among the press,
(d) ensure that the privacy and dignity of the individual is protected.
3. The Press Council shall be independent in the performance of its functions.
4. The owner of any periodical in circulation in the State or part of the State shall be entitled to be a member of the Press Council.
(1) The number of directors of the Press Council shall be 13, of whom -
(a) 7 shall be directors (in this Schedule referred to as "independent public interest directors") who represent the public interest,
(b) 5 shall be directors who represent the interests of owners and publishers of periodicals,
(c) one shall be a director who
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