8. (1) For the purposes of this Ordinance, the 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. (5) A casual vacancy in the office of a member caused by death, resignation or otherwise shall be filled 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 existence of any vacancy among its members or any defect in its constitution.