(1) There shall be a Registrar of International Business Companies who shall be responsible for ensuring the proper administration of this Act and who shall be a person employed by IFWIC with the approval of the Minister.
(2) The Minister may recommend to IFWIC the dismissal of a person appointed under subsection (1).
(3) Where the Registrar is absent due to illness or absence from the jurisdiction, or is otherwise unable to perform the functions of that office, IFWIC may in consultation with the Minister, appoint a suitable person to perform the duties of Registrar during such absence or inability.