Removal of Non-official Directors.

Tax198933 sections

Statutory text

(1) The Government may, by notification in the Gazette, remove any non-official Director of the Board from office,—
- (a) if he has, without the permission of the Board, been absent from the meetings of the Board for three consecutive meetings: Provided, however, that such absence may be condoned by the Board before the publication of the notification in the Gazette;
- (b) if in the opinion of the Government, he is unsuitable or has become incapable of acting as a Director or has so abused his position as a Director as to render his continuance as such Director detrimental to the public interest: Provided that before removing a Director under this section, he shall be given a reasonable opportunity to show cause why he should not be removed.
(2) A non-official Director of the Board removed under clause (a) of sub-section (1), shall be disqualified for reappointment as a Director of the Board for a period of three years from the date of his removal unless other wise ordered by the Government.
(3) A non-official Director of the Board removed under clause (b) of sub-section (1), shall not be eligible for reappointment until he is declared by an order of the Government to be no longer ineligible.

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