Removal and resignation of director

General198529 of 29 sections available5 chapters

Chapter II ESTABLISHMENT AND CONSTITUTION OF THE CORPORATION

Statutory text

(1) [The State Government] may, at any time, remove any director from office, if, in its opinion, such a director.
- (a) is, or has become, subject to any disqualification mentioned in section-9:
- (b) is absent without leave of the Corporation from more than three consecutive meetings thereof without cause sufficient, in the opinion of the Corporation, to exonerate his absence:
- (c) has acted in contravention of the provisions of section 10; or
- (d) has been guilty of misconduct in the discharge of his duties : Provided that no order of removal shall be passed without giving the director a reasonable opportunity of showing cause against the proposed order.
(2) A director may resign his office by giving notice thereof in writing to the State Government and on such resignation being accepted he shall be deemed to have vacated his office.

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