(1) The Minister shall, as soon as may be after the commencement of this Act, appoint a committee which shall be known, and is in this Act referred to, as the Credit Union Advisory Committee.
(2) The Credit Union Advisory Committee shall advise the Minister and such other persons as he thinks fit in relation to -
(a) the improvement of the management of credit unions,
(b) the protection of the interests of members and creditors of credit unions,
(c) other matters relating to credit unions upon which the Minister may from time to time seek the advice of the Committee.
(a) The Credit Union Advisory Committee shall consist of not more than seven persons appointed for such period as the Minister thinks fit,
(b) Every person appointed to membership of the Credit Union Advisory Committee shall be chosen by the Minister for such appointment by reason of such person's knowledge of matters pertaining to credit unions or because he is capable of giving substantial practical assistance i