Disqualification and removal of non-official Directors.

(1)If a non-official Director of the Board,-

1. (a) becomes a person of unsound mind;
2. (b) is adjudged as undischarged insolvent;
3. (c) has been convicted for an offence involving moral turpitude and is sentenced for imprisonment;
4. (d) in the opinion of the Government is ineligible to function as a Director of the Board or has become incapable or has abused his position as Director and his continuance as such is detrimental to public interest; or
5. (e) does not attend three consecutive meetings of the Board, without its permission, Government may remove him from the said official position, finding that he is ineligible to continue in that position: Provided that before removing a Director of the Board under clause (e), he shall be given a reasonable opportunity to show cause why he should not be removed.

1. (2) A non-official Director removed from the Board under clause (e) of sub-section (1) shall be disqualified for being nominated as a Director for a period of one year from the date of his removal.